Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Receives Average Recommendation of “Buy” from Brokerages

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has been assigned an average recommendation of “Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $104.00.

A number of research firms recently issued reports on KOF. Barclays lifted their target price on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday.

Coca-Cola FEMSA Price Performance

Shares of NYSE KOF opened at $92.43 on Friday. The firm’s 50-day simple moving average is $84.16 and its 200 day simple moving average is $83.12. The stock has a market cap of $155.34 billion, a P/E ratio of 15.69, a P/E/G ratio of 0.62 and a beta of 0.79. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. Coca-Cola FEMSA has a fifty-two week low of $72.68 and a fifty-two week high of $102.28.

Coca-Cola FEMSA (NYSE:KOF) last announced its earnings results on Friday, February 21st. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.51 by $0.22. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.49 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. Equities analysts expect that Coca-Cola FEMSA will post 5.7 EPS for the current year.

Hedge Funds Weigh In On Coca-Cola FEMSA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Corvex Management LP boosted its position in shares of Coca-Cola FEMSA by 138.9% in the fourth quarter. Corvex Management LP now owns 1,066,108 shares of the company’s stock worth $83,039,000 after buying an additional 619,931 shares during the period. JPMorgan Chase & Co. boosted its position in Coca-Cola FEMSA by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock worth $70,672,000 after acquiring an additional 378,325 shares during the period. Itau Unibanco Holding S.A. boosted its position in Coca-Cola FEMSA by 59.8% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock worth $68,297,000 after acquiring an additional 304,197 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in Coca-Cola FEMSA by 14.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock valued at $95,496,000 after acquiring an additional 157,530 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Coca-Cola FEMSA by 113.8% in the 4th quarter. Northern Trust Corp now owns 166,994 shares of the company’s stock valued at $13,007,000 after purchasing an additional 88,873 shares during the period.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.