Coca Cola Femsa (NYSE:KOF) Given “Hold” Rating at HSBC

Coca Cola Femsa (NYSE:KOF)‘s stock had its “hold” rating reiterated by research analysts at HSBC in a note issued to investors on Tuesday, Marketbeat.com reports. They currently have a $116.00 target price on the stock. HSBC’s price objective would indicate a potential upside of 5.66% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Weiss Ratings raised 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 price objective on shares of Coca Cola Femsa from $113.00 to $110.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Barclays boosted their price target on shares of Coca Cola Femsa from $112.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. upped their price objective on Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $117.17.

Coca Cola Femsa Stock Up 0.7%

Coca Cola Femsa stock traded up $0.80 during trading hours on Tuesday, hitting $109.79. The company had a trading volume of 21,803 shares, compared to its average volume of 172,378. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 0.91. Coca Cola Femsa has a fifty-two week low of $80.22 and a fifty-two week high of $116.36. The firm’s fifty day moving average is $106.11 and its 200-day moving average is $104.47. The firm has a market capitalization of $184.52 billion, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 1.25 and a beta of 0.53.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. The firm had revenue of $4.36 billion during the quarter. Coca Cola Femsa had a return on equity of 15.40% and a net margin of 7.84%. On average, research analysts forecast that Coca Cola Femsa will post 6.73 earnings per share for the current year.

Hedge Funds Weigh In On Coca Cola Femsa

A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake 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 purchasing an additional 274,894 shares during the last quarter. Deutsche Bank AG boosted its position in Coca Cola Femsa by 8,190.2% in the 4th quarter. Deutsche Bank AG now owns 117,389 shares of the company’s stock valued at $11,118,000 after buying an additional 115,973 shares during the last quarter. Invesco Ltd. boosted its position in Coca Cola Femsa by 34.6% in the 3rd quarter. Invesco Ltd. now owns 301,266 shares of the company’s stock valued at $25,035,000 after buying an additional 77,475 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Coca Cola Femsa in the 3rd quarter valued at $3,712,000. Finally, Raymond James Financial Inc. increased its stake in shares of Coca Cola Femsa by 163.7% in the 2nd quarter. Raymond James Financial Inc. now owns 70,936 shares of the company’s stock valued at $6,862,000 after buying an additional 44,039 shares during the period.

Coca Cola Femsa Company Profile

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.