Coca-Cola FEMSA (NYSE:KOF) Upgraded by StockNews.com to “Strong-Buy”

Coca-Cola FEMSA (NYSE:KOF) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday.

KOF has been the subject of several other reports. JPMorgan Chase & Co. increased their price objective on Coca-Cola FEMSA from $102.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Scotiabank upgraded Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. Finally, UBS Group increased their price objective on Coca-Cola FEMSA from $109.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $100.75.

Coca-Cola FEMSA Stock Down 2.1 %

KOF stock opened at $92.83 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.02 and a current ratio of 1.24. The business has a 50 day simple moving average of $97.26 and a 200-day simple moving average of $90.09. Coca-Cola FEMSA has a 1 year low of $69.33 and a 1 year high of $104.38.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings data on Friday, February 23rd. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.30). The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Coca-Cola FEMSA had a return on equity of 15.49% and a net margin of 7.94%. During the same quarter in the previous year, the company posted $1.73 earnings per share. Sell-side analysts anticipate that Coca-Cola FEMSA will post 6.57 EPS for the current year.

Institutional Trading of Coca-Cola FEMSA

Several hedge funds have recently modified their holdings of KOF. Advisor Group Holdings Inc. raised its stake in shares of Coca-Cola FEMSA by 367.9% in the first quarter. Advisor Group Holdings Inc. now owns 13,429 shares of the company’s stock valued at $365,000 after acquiring an additional 10,559 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Coca-Cola FEMSA by 10.8% in the first quarter. Bank of New York Mellon Corp now owns 13,352 shares of the company’s stock valued at $734,000 after acquiring an additional 1,301 shares in the last quarter. Citigroup Inc. raised its stake in shares of Coca-Cola FEMSA by 23.4% in the first quarter. Citigroup Inc. now owns 31,532 shares of the company’s stock valued at $1,732,000 after acquiring an additional 5,986 shares in the last quarter. BlackRock Inc. raised its stake in shares of Coca-Cola FEMSA by 3.2% in the first quarter. BlackRock Inc. now owns 1,029,052 shares of the company’s stock valued at $56,547,000 after acquiring an additional 31,937 shares in the last quarter. Finally, Allianz Asset Management GmbH acquired a new stake in shares of Coca-Cola FEMSA in the first quarter valued at $974,000.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.