Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives Consensus Rating of “Moderate Buy” from Analysts

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has received an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $99.61.

A number of equities analysts recently commented on the company. Citigroup initiated coverage on Coca-Cola FEMSA in a research note on Thursday, December 7th. They set a “neutral” rating and a $90.00 price target for the company. UBS Group raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and raised their price objective for the company from $83.00 to $109.00 in a research note on Friday, January 12th. JPMorgan Chase & Co. raised Coca-Cola FEMSA from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $89.00 to $102.00 in a research note on Friday, February 2nd. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Jefferies Financial Group initiated coverage on Coca-Cola FEMSA in a research note on Monday, December 4th. They issued a “buy” rating and a $100.57 price objective for the company.

Coca-Cola FEMSA Price Performance

Shares of Coca-Cola FEMSA stock opened at $96.84 on Friday. The stock has a 50 day moving average of $96.79 and a 200 day moving average of $88.45. Coca-Cola FEMSA has a 12 month low of $69.33 and a 12 month high of $104.38. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.24 and a quick ratio of 1.02.

Coca-Cola FEMSA (NYSE:KOF) last announced its quarterly earnings results on Friday, February 23rd. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.30). Coca-Cola FEMSA had a net margin of 7.94% and a return on equity of 15.49%. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the previous year, the company posted $1.73 earnings per share. As a group, equities analysts expect that Coca-Cola FEMSA will post 6.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Coca-Cola FEMSA

Several hedge funds and other institutional investors have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV raised its holdings in shares of Coca-Cola FEMSA by 1.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 10,252 shares of the company’s stock worth $970,000 after buying an additional 107 shares during the period. Hartford Financial Management Inc. increased its holdings in Coca-Cola FEMSA by 40.1% during the 4th quarter. Hartford Financial Management Inc. now owns 395 shares of the company’s stock worth $37,000 after purchasing an additional 113 shares during the period. IFP Advisors Inc increased its holdings in Coca-Cola FEMSA by 6.5% during the 2nd quarter. IFP Advisors Inc now owns 2,130 shares of the company’s stock worth $177,000 after purchasing an additional 130 shares during the period. HighTower Advisors LLC increased its holdings in Coca-Cola FEMSA by 4.1% during the 1st quarter. HighTower Advisors LLC now owns 3,532 shares of the company’s stock worth $282,000 after purchasing an additional 138 shares during the period. Finally, Summit Global Investments increased its holdings in Coca-Cola FEMSA by 0.6% during the 3rd quarter. Summit Global Investments now owns 29,021 shares of the company’s stock worth $2,276,000 after purchasing an additional 164 shares during the period.

Coca-Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.