Barclays Forecasts Strong Price Appreciation for Coca Cola Femsa (NYSE:KOF) Stock

Coca Cola Femsa (NYSE:KOF) had its target price lifted by stock analysts at Barclays from $98.00 to $110.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential downside of 2.35% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Friday, December 26th. Zacks Research raised Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. UBS Group upped their target price on Coca Cola Femsa from $109.00 to $111.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Wall Street Zen lowered Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, JPMorgan Chase & Co. lowered Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research report on Wednesday, January 28th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $111.20.

Coca Cola Femsa Stock Performance

Shares of NYSE:KOF opened at $112.64 on Tuesday. The stock’s 50-day moving average is $99.09 and its 200 day moving average is $90.09. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.90 and a current ratio of 1.10. Coca Cola Femsa has a 1 year low of $78.71 and a 1 year high of $114.07.

Institutional Investors Weigh In On Coca Cola Femsa

A number of institutional investors have recently modified their holdings of KOF. Boston Partners increased its stake in Coca Cola Femsa by 4,404.3% during the 2nd quarter. Boston Partners now owns 1,681,955 shares of the company’s stock valued at $162,665,000 after purchasing an additional 1,644,614 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Coca Cola Femsa by 87.4% during the second quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock valued at $57,024,000 after buying an additional 274,894 shares during the last quarter. Cullen Capital Management LLC grew its holdings in shares of Coca Cola Femsa by 2.4% during the second quarter. Cullen Capital Management LLC now owns 531,055 shares of the company’s stock valued at $51,369,000 after buying an additional 12,312 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of Coca Cola Femsa by 4.1% during the second quarter. First Eagle Investment Management LLC now owns 371,596 shares of the company’s stock valued at $35,944,000 after acquiring an additional 14,773 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Coca Cola Femsa by 34.6% in the 3rd quarter. Invesco Ltd. now owns 301,266 shares of the company’s stock worth $25,035,000 after acquiring an additional 77,475 shares during the last quarter.

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.