JPMorgan Chase & Co. Increases Coca Cola Femsa (NYSE:KOF) Price Target to $127.00

Coca Cola Femsa (NYSE:KOF) had its price target increased by research analysts at JPMorgan Chase & Co. from $114.00 to $127.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 23.10% from the stock’s previous close.

KOF has been the topic of a number of other reports. Weiss Ratings upgraded shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. UBS Group cut their target price on shares of Coca Cola Femsa from $113.00 to $110.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Barclays increased their price target on shares of Coca Cola Femsa from $112.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $117.40.

Coca Cola Femsa Stock Performance

Shares of KOF opened at $103.17 on Wednesday. The firm has a market cap of $173.40 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.25 and a beta of 0.53. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $106.43 and its two-hundred day moving average is $103.91. Coca Cola Femsa has a 52-week low of $80.22 and a 52-week high of $116.36.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings results on Tuesday, March 31st. The company reported $1.16 earnings per share for the quarter. Coca Cola Femsa had a net margin of 7.84% and a return on equity of 15.40%. Analysts forecast that Coca Cola Femsa will post 6.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Coca Cola Femsa

A number of hedge funds have recently added to or reduced their stakes in KOF. JPMorgan Chase & Co. boosted its position in Coca Cola Femsa by 7.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock valued at $18,750,000 after purchasing an additional 14,687 shares during the period. ABC Arbitrage SA increased its position in Coca Cola Femsa by 108.1% in the first quarter. ABC Arbitrage SA now owns 21,611 shares of the company’s stock worth $2,108,000 after buying an additional 11,225 shares during the period. Gradient Investments LLC lifted its stake in Coca Cola Femsa by 51.5% in the fourth quarter. Gradient Investments LLC now owns 20,120 shares of the company’s stock valued at $1,906,000 after buying an additional 6,843 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its stake in Coca Cola Femsa by 32.7% in the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 41,903 shares of the company’s stock valued at $3,969,000 after buying an additional 10,319 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of Coca Cola Femsa by 4.1% during the fourth quarter. Natixis Advisors LLC now owns 189,510 shares of the company’s stock valued at $17,948,000 after acquiring an additional 7,549 shares during the period.

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.