Coca-Cola FEMSA (NYSE:KOF) Upgraded at StockNews.com

Coca-Cola FEMSA (NYSE:KOF) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.

Separately, Barclays upped their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $104.00.

Coca-Cola FEMSA Price Performance

NYSE:KOF traded up $1.72 during midday trading on Tuesday, hitting $89.76. The company had a trading volume of 140,067 shares, compared to its average volume of 171,526. The company has a market capitalization of $150.86 billion, a PE ratio of 15.24, a P/E/G ratio of 0.62 and a beta of 0.79. The stock’s fifty day moving average price is $83.24 and its 200-day moving average price is $82.96. 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 52-week low of $72.68 and a 52-week high of $102.28.

Coca-Cola FEMSA (NYSE:KOF) last posted its earnings results on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.49 billion. As a group, research analysts expect that Coca-Cola FEMSA will post 5.7 earnings per share for the current year.

Institutional Investors Weigh In On Coca-Cola FEMSA

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC lifted its position in shares of Coca-Cola FEMSA by 5.0% in the fourth quarter. TD Private Client Wealth LLC now owns 3,257 shares of the company’s stock valued at $254,000 after acquiring an additional 155 shares in the last quarter. Kathmere Capital Management LLC lifted its holdings in Coca-Cola FEMSA by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company’s stock worth $545,000 after purchasing an additional 206 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in Coca-Cola FEMSA by 1.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company’s stock worth $933,000 after purchasing an additional 212 shares during the period. Park Avenue Securities LLC grew its holdings in Coca-Cola FEMSA by 7.1% during the 4th quarter. Park Avenue Securities LLC now owns 3,493 shares of the company’s stock valued at $272,000 after buying an additional 233 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Coca-Cola FEMSA during the 4th quarter valued at approximately $29,000.

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.