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

Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) have been given an average rating of “Buy” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $104.75.

KOF has been the topic of several research reports. Barclays raised their price objective on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th.

Coca-Cola FEMSA Stock Down 2.7 %

KOF stock opened at $86.73 on Tuesday. Coca-Cola FEMSA has a fifty-two week low of $72.68 and a fifty-two week high of $102.28. The company has a market cap of $145.77 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 0.62 and a beta of 0.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. The business’s 50-day moving average is $79.76 and its two-hundred day moving average is $82.86.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings results on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.22. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.49 billion. As a group, analysts forecast that Coca-Cola FEMSA will post 5.7 earnings per share for the current year.

Institutional Trading of Coca-Cola FEMSA

Several large investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Coca-Cola FEMSA during the fourth quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC purchased a new stake in Coca-Cola FEMSA in the 3rd quarter worth $31,000. Steward Partners Investment Advisory LLC grew its stake in Coca-Cola FEMSA by 1,388.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company’s stock worth $31,000 after acquiring an additional 375 shares in the last quarter. Banque de Luxembourg S.A. purchased a new stake in Coca-Cola FEMSA in the fourth quarter valued at about $43,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Coca-Cola FEMSA during the fourth quarter worth about $43,000.

Coca-Cola FEMSA Company Profile

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.