Coca Cola Femsa (NYSE:KOF) Price Target Raised to $111.00

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

Several other equities research analysts have also recently weighed in on the stock. Barclays increased their price target on shares of Coca Cola Femsa from $98.00 to $110.00 and gave the company an “equal weight” rating in a research report on Tuesday. Wall Street Zen cut Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Zacks Research upgraded shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. JPMorgan Chase & Co. downgraded Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research note on Wednesday, January 28th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Coca Cola Femsa in a report on Friday, December 26th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $111.20.

Coca Cola Femsa Stock Performance

Shares of NYSE:KOF traded down $0.74 during midday trading on Wednesday, reaching $111.71. The company had a trading volume of 68,119 shares, compared to its average volume of 194,837. 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 has a market cap of $187.75 billion, a P/E ratio of 19.48, a P/E/G ratio of 1.44 and a beta of 0.49. Coca Cola Femsa has a 52-week low of $78.71 and a 52-week high of $114.07. The company’s 50 day moving average price is $98.64 and its 200 day moving average price is $89.93.

Institutional Investors Weigh In On Coca Cola Femsa

Several hedge funds have recently made changes to their positions in KOF. Caitong International Asset Management Co. Ltd lifted its position in shares of Coca Cola Femsa by 482.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock valued at $28,000 after buying an additional 275 shares during the last quarter. Huntington National Bank purchased a new position in Coca Cola Femsa during the 3rd quarter worth approximately $37,000. MAI Capital Management lifted its position in Coca Cola Femsa by 103.6% during the second quarter. MAI Capital Management now owns 395 shares of the company’s stock valued at $38,000 after purchasing an additional 201 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Coca Cola Femsa by 490.7% in the fourth quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock worth $48,000 after buying an additional 422 shares during the last quarter. Finally, Triumph Capital Management purchased a new stake in Coca Cola Femsa in the 3rd quarter worth approximately $49,000.

About Coca Cola Femsa

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.