Coca Cola Femsa (NYSE:KOF) Stock Price Expected to Rise, Barclays Analyst Says

Coca Cola Femsa (NYSE:KOF) had its target price boosted by Barclays from $110.00 to $112.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential upside of 3.68% from the company’s current price.

Several other brokerages have also weighed in on KOF. Wall Street Zen upgraded shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Bradesco Corretora raised Coca Cola Femsa to an “outperform” rating and set a $124.00 price target on the stock in a research note on Wednesday, February 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Coca Cola Femsa in a research note on Friday, December 26th. The Goldman Sachs Group increased their target price on Coca Cola Femsa from $97.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Bank of America restated a “buy” rating on shares of Coca Cola Femsa in a report on Monday. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $111.60.

Coca Cola Femsa Price Performance

Shares of KOF stock opened at $108.02 on Tuesday. Coca Cola Femsa has a 12 month low of $80.22 and a 12 month high of $116.36. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $104.47 and a 200 day moving average price of $92.90.

Coca Cola Femsa (NYSE:KOF) last released its earnings results on Tuesday, February 24th. The company reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.04). Coca Cola Femsa had a net margin of 8.18% and a return on equity of 15.97%. The business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.42 billion. As a group, analysts predict that Coca Cola Femsa will post 5.7 EPS for the current year.

Institutional Investors Weigh In On Coca Cola Femsa

A number of hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its position in shares of Coca Cola Femsa by 482.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock valued at $28,000 after purchasing an additional 275 shares during the period. Smartleaf Asset Management LLC lifted its stake in Coca Cola Femsa by 79.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock valued at $33,000 after buying an additional 153 shares in the last quarter. Huntington National Bank acquired a new position in shares of Coca Cola Femsa in the third quarter valued at approximately $37,000. MAI Capital Management increased its position in shares of Coca Cola Femsa by 103.6% during the second quarter. MAI Capital Management now owns 395 shares of the company’s stock worth $38,000 after acquiring an additional 201 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Coca Cola Femsa by 490.7% during the fourth quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock worth $48,000 after acquiring an additional 422 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.