Coca Cola Femsa (NYSE:KOF) Given New $111.00 Price Target at The Goldman Sachs Group

Coca Cola Femsa (NYSE:KOF) had its price target lifted by analysts at The Goldman Sachs Group from $97.00 to $111.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential downside of 0.64% from the stock’s current price.

Other research analysts have also issued research reports about the stock. UBS Group raised their price objective on shares of Coca Cola Femsa from $109.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Bradesco Corretora upgraded Coca Cola Femsa to an “outperform” rating and set a $124.00 price objective on the stock in a report on Wednesday. Wall Street Zen downgraded shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Coca Cola Femsa in a report on Friday, December 26th. Finally, JPMorgan Chase & Co. downgraded Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research note on Wednesday, January 28th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.20.

Coca Cola Femsa Trading Down 0.7%

Coca Cola Femsa stock traded down $0.74 during midday trading on Wednesday, hitting $111.71. 68,119 shares of the stock were exchanged, compared to its average volume of 194,837. The stock has a market capitalization of $187.75 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 1.44 and a beta of 0.49. The company has a current ratio of 1.10, a quick ratio of 0.90 and a debt-to-equity ratio of 0.50. The stock’s 50-day simple moving average is $98.64 and its 200 day simple moving average is $89.93. Coca Cola Femsa has a fifty-two week low of $78.71 and a fifty-two week high of $114.07.

Institutional Investors Weigh In On Coca Cola Femsa

Institutional investors have recently bought and sold shares of the stock. Boston Partners increased its stake in Coca Cola Femsa by 4,404.3% during the second quarter. Boston Partners now owns 1,681,955 shares of the company’s stock worth $162,665,000 after acquiring an additional 1,644,614 shares during the last quarter. Bank of America Corp DE raised its position in shares of Coca Cola Femsa by 87.4% in the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock valued at $57,024,000 after purchasing an additional 274,894 shares in the last quarter. Cullen Capital Management LLC boosted its stake in Coca Cola Femsa by 2.4% during the 2nd quarter. Cullen Capital Management LLC now owns 531,055 shares of the company’s stock valued at $51,369,000 after acquiring an additional 12,312 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in Coca Cola Femsa by 4.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 371,596 shares of the company’s stock worth $35,944,000 after acquiring an additional 14,773 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Coca Cola Femsa by 34.6% during the third quarter. Invesco Ltd. now owns 301,266 shares of the company’s stock valued at $25,035,000 after buying an additional 77,475 shares in the last quarter.

Coca Cola Femsa Company Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.