Coca-Cola FEMSA SAB (KOF) Sees Large Volume Increase
Coca-Cola FEMSA SAB (NYSE:KOF) saw unusually-high trading volume on Tuesday . Approximately 70,851 shares traded hands during mid-day trading, a decline of 10% from the previous session’s volume of 78,444 shares.The stock last traded at $70.72 and had previously closed at $72.18.
KOF has been the topic of a number of analyst reports. Citigroup Inc. cut Coca-Cola FEMSA SAB from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $76.50 to $73.00 in a research note on Sunday, July 24th. Scotiabank restated a “sector perform” rating and set a $139.00 price objective on shares of Coca-Cola FEMSA SAB in a research report on Thursday, August 25th. Zacks Investment Research lowered Coca-Cola FEMSA SAB from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. JPMorgan Chase & Co. raised their price objective on Coca-Cola FEMSA SAB from $82.00 to $89.00 and gave the stock a “neutral” rating in a research report on Friday, June 3rd. Finally, Credit Suisse Group AG upgraded Coca-Cola FEMSA SAB from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Coca-Cola FEMSA SAB has an average rating of “Hold” and an average price target of $88.25.
The stock has a market capitalization of $14.72 billion, a price-to-earnings ratio of 28.85 and a beta of 0.85. The stock’s 50 day moving average is $76.51 and its 200 day moving average is $79.83.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/coca-cola-femsa-sab-kof-sees-large-volume-increase.html
Coca-Cola FEMSA SAB (NYSE:KOF) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by $0.71. Coca-Cola FEMSA SAB had a net margin of 6.15% and a return on equity of 8.77%. Equities research analysts anticipate that Coca-Cola FEMSA SAB will post $3.75 earnings per share for the current year.
Several large investors have recently made changes to their positions in the company. AMP Capital Investors Ltd acquired a new stake in shares of Coca-Cola FEMSA SAB during the first quarter valued at about $266,000. Hexavest Inc. increased its stake in shares of Coca-Cola FEMSA SAB by 39.6% in the second quarter. Hexavest Inc. now owns 4,369 shares of the company’s stock valued at $362,000 after buying an additional 1,240 shares during the period. Panagora Asset Management Inc. increased its stake in shares of Coca-Cola FEMSA SAB by 32.9% in the first quarter. Panagora Asset Management Inc. now owns 87,402 shares of the company’s stock valued at $7,259,000 after buying an additional 21,637 shares during the period. Renaissance Technologies LLC increased its stake in shares of Coca-Cola FEMSA SAB by 7.0% in the first quarter. Renaissance Technologies LLC now owns 760,100 shares of the company’s stock valued at $63,126,000 after buying an additional 49,800 shares during the period. Finally, TD Asset Management Inc. increased its stake in shares of Coca-Cola FEMSA SAB by 0.7% in the second quarter. TD Asset Management Inc. now owns 4,311 shares of the company’s stock valued at $366,000 after buying an additional 30 shares during the period. Institutional investors own 5.61% of the company’s stock.
About Coca-Cola FEMSA SAB
Coca-Cola FEMSA, SAB. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities.
Receive News & Ratings for Coca-Cola FEMSA SAB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola FEMSA SAB and related companies with MarketBeat.com's FREE daily email newsletter.