Coca-Cola FEMSA (NYSE:KOF) PT Raised to $110.00 at Barclays

Coca-Cola FEMSA (NYSE:KOF) had its price objective lifted by equities research analysts at Barclays from $105.00 to $110.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 20.23% from the stock’s current price.

A number of other research firms also recently weighed in on KOF. Scotiabank raised Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. UBS Group reduced their price objective on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. JPMorgan Chase & Co. increased their price target on Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Finally, StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $100.38.

Coca-Cola FEMSA Trading Up 3.0 %

Shares of NYSE KOF traded up $2.70 on Wednesday, hitting $91.49. The company had a trading volume of 253,908 shares, compared to its average volume of 168,793. Coca-Cola FEMSA has a 12-month low of $69.33 and a 12-month high of $104.38. The business has a 50 day moving average of $87.72 and a two-hundred day moving average of $93.53. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings results on Monday, July 22nd. The company reported $1.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.55. Coca-Cola FEMSA had a return on equity of 16.23% and a net margin of 8.16%. The company had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the firm earned $1.32 EPS. As a group, research analysts predict that Coca-Cola FEMSA will post 6.59 EPS for the current fiscal year.

Institutional Trading of Coca-Cola FEMSA

Institutional investors have recently added to or reduced their stakes in the business. Hartford Financial Management Inc. boosted its holdings in shares of Coca-Cola FEMSA by 40.1% during the fourth 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. Park Avenue Securities LLC boosted its holdings in shares of Coca-Cola FEMSA by 4.4% during the first quarter. Park Avenue Securities LLC now owns 3,649 shares of the company’s stock worth $355,000 after purchasing an additional 153 shares during the period. Chase Investment Counsel Corp boosted its holdings in shares of Coca-Cola FEMSA by 3.6% during the first quarter. Chase Investment Counsel Corp now owns 4,403 shares of the company’s stock worth $427,000 after purchasing an additional 154 shares during the period. Claro Advisors LLC lifted its holdings in Coca-Cola FEMSA by 5.7% in the first quarter. Claro Advisors LLC now owns 3,169 shares of the company’s stock worth $308,000 after buying an additional 172 shares during the period. Finally, Corient Private Wealth LLC lifted its holdings in Coca-Cola FEMSA by 1.2% in the fourth quarter. Corient Private Wealth LLC now owns 15,499 shares of the company’s stock worth $1,467,000 after buying an additional 187 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.