Analysts Set Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Price Target at $111.60

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) have earned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $111.60.

Several equities analysts have recently issued reports on KOF shares. Bank of America reaffirmed a “buy” rating on shares of Coca Cola Femsa in a research report on Monday, March 2nd. Barclays increased their price objective on shares of Coca Cola Femsa from $110.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. JPMorgan Chase & Co. cut shares of Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 target price for the company. in a report on Wednesday, January 28th. Bradesco Corretora upgraded shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 target price on the stock in a research note on Wednesday, February 11th. Finally, Wall Street Zen upgraded shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a report on Saturday, February 14th.

Institutional Trading of Coca Cola Femsa

Several institutional investors have recently added to or reduced their stakes in KOF. Caitong International Asset Management Co. Ltd increased its holdings 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 worth $28,000 after purchasing an additional 275 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Coca Cola Femsa by 79.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock valued at $33,000 after purchasing an additional 153 shares in the last quarter. Huntington National Bank purchased a new stake in shares of Coca Cola Femsa during the third quarter valued at $37,000. MAI Capital Management boosted 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 valued at $38,000 after buying an additional 201 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Coca Cola Femsa by 490.7% in the 4th quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock worth $48,000 after buying an additional 422 shares in the last quarter.

Coca Cola Femsa Stock Down 1.5%

KOF stock opened at $95.96 on Friday. The business has a 50 day moving average of $105.59 and a 200 day moving average of $93.97. The firm has a market cap of $161.27 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 1.04 and a beta of 0.49. Coca Cola Femsa has a twelve month low of $80.22 and a twelve month high of $116.36. The company has a quick ratio of 0.91, a current ratio of 1.12 and a debt-to-equity ratio of 0.47.

Coca Cola Femsa (NYSE:KOF) last released its earnings results on Tuesday, February 24th. The company reported $1.95 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.04). Coca Cola Femsa had a return on equity of 15.97% and a net margin of 8.18%.The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.42 billion. On average, research analysts forecast that Coca Cola Femsa will post 5.7 EPS for the current fiscal year.

About Coca Cola Femsa

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.