Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage presently has a $90.00 price target on the stock. Zacks Investment Research‘s price objective points to a potential upside of 14.34% from the company’s current price.

According to Zacks, “Coca-Cola Femsa S.A., through its subsidiaries, produces, markets and distributes soft drinks throughout the metropolitan area of Mexico City, in Southeastern Mexico and in metropolitan Buenos Aires, Argentina. The Company produces Coca-Cola, Sprite, Fresca, Quatro, Powerade, Extra Poma, Etiqueta Azul and Kin. “

KOF has been the topic of several other reports. BidaskClub raised Coca Cola Femsa S.A.B. de C.V. from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Scotiabank raised Coca Cola Femsa S.A.B. de C.V. from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 5th. Finally, Citigroup Inc. cut Coca Cola Femsa S.A.B. de C.V. from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 13th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $87.00.

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE KOF) traded down 1.46% during mid-day trading on Thursday, hitting $78.71. The company had a trading volume of 72,896 shares. The firm has a market capitalization of $16.54 billion, a PE ratio of 17.47 and a beta of 0.95. Coca Cola Femsa S.A.B. de C.V. has a 52 week low of $59.44 and a 52 week high of $91.85. The firm has a 50-day moving average price of $82.91 and a 200-day moving average price of $79.05.

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) last released its quarterly earnings data on Monday, July 24th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.05). The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.71 billion. Coca Cola Femsa S.A.B. de C.V. had a net margin of 7.09% and a return on equity of 10.72%. Equities analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post $3.83 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in KOF. BNP Paribas Arbitrage SA lifted its holdings in shares of Coca Cola Femsa S.A.B. de C.V. by 153.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,520 shares of the company’s stock valued at $109,000 after buying an additional 920 shares during the period. Comerica Bank bought a new position in shares of Coca Cola Femsa S.A.B. de C.V. during the 1st quarter valued at $208,000. World Asset Management Inc bought a new position in shares of Coca Cola Femsa S.A.B. de C.V. during the 1st quarter valued at $222,000. Karp Capital Management Corp bought a new position in shares of Coca Cola Femsa S.A.B. de C.V. during the 1st quarter valued at $3,886,000. Finally, TD Asset Management Inc. lifted its holdings in shares of Coca Cola Femsa S.A.B. de C.V. by 43.2% during the 1st quarter. TD Asset Management Inc. now owns 7,913 shares of the company’s stock valued at $672,000 after buying an additional 2,387 shares during the period. 6.68% of the stock is currently owned by hedge funds and other institutional investors.

About Coca Cola Femsa S.A.B. de C.V.

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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Analyst Recommendations for Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

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