Coca-Cola FEMSA SAB (NYSE:KOF) Given Average Recommendation of “Hold” by Analysts
Shares of Coca-Cola FEMSA SAB (NYSE:KOF) have been assigned an average rating of “Hold” from the nine analysts that are currently covering the firm. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $90.33.
A number of brokerages have weighed in on KOF. Zacks Investment Research raised Coca-Cola FEMSA SAB from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Friday, July 29th. Credit Suisse Group AG raised Coca-Cola FEMSA SAB from a “neutral” rating to an “outperform” rating in a report on Thursday, September 8th. JPMorgan Chase & Co. raised their target price on Coca-Cola FEMSA SAB from $82.00 to $89.00 and gave the company a “neutral” rating in a report on Friday, June 3rd. Citigroup Inc. raised Coca-Cola FEMSA SAB from a “sell” rating to a “neutral” rating and set a $72.00 target price on the stock in a report on Wednesday, September 14th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $139.00 target price on shares of Coca-Cola FEMSA SAB in a report on Thursday, August 25th.
Several large investors have recently added to or reduced their stakes in the stock. Vontobel Asset Management Inc. increased its stake in Coca-Cola FEMSA SAB by 32.4% in the second quarter. Vontobel Asset Management Inc. now owns 468,698 shares of the company’s stock valued at $38,885,000 after buying an additional 114,738 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Coca-Cola FEMSA SAB by 504.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 92,630 shares of the company’s stock valued at $7,547,000 after buying an additional 77,300 shares during the period. Comgest Global Investors S.A.S. increased its stake in Coca-Cola FEMSA SAB by 16.0% in the second quarter. Comgest Global Investors S.A.S. now owns 501,670 shares of the company’s stock valued at $41,618,000 after buying an additional 69,163 shares during the period. Burgundy Asset Management Ltd. increased its stake in Coca-Cola FEMSA SAB by 21.9% in the second quarter. Burgundy Asset Management Ltd. now owns 345,449 shares of the company’s stock valued at $28,658,000 after buying an additional 62,164 shares during the period. Finally, BlackRock Institutional Trust Company N.A. purchased a new stake in Coca-Cola FEMSA SAB during the second quarter valued at $4,704,000. 5.61% of the stock is currently owned by institutional investors.
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Shares of Coca-Cola FEMSA SAB (NYSE:KOF) traded up 1.18% during midday trading on Wednesday, hitting $71.87. The company’s stock had a trading volume of 28,616 shares. The company has a market cap of $14.90 billion, a P/E ratio of 29.19 and a beta of 0.85. The company has a 50-day moving average price of $76.51 and a 200 day moving average price of $79.83. Coca-Cola FEMSA SAB has a 1-year low of $61.17 and a 1-year high of $87.58.
Coca-Cola FEMSA SAB (NYSE:KOF) last issued its earnings results on Wednesday, July 27th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate 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%. On average, equities research analysts predict that Coca-Cola FEMSA SAB will post $3.75 EPS for the current year.
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.
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