Coca Cola Femsa (NYSE:KOF) Raised to “Buy” at Wall Street Zen

Coca Cola Femsa (NYSE:KOF) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Friday.

Other equities analysts also recently issued reports about the company. Barclays lifted their target price on Coca Cola Femsa from $99.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. lifted their target price on Coca Cola Femsa from $107.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, April 11th. UBS Group lifted their target price on Coca Cola Femsa from $106.00 to $109.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Finally, Morgan Stanley raised Coca Cola Femsa from an “equal weight” rating to an “overweight” rating in a research report on Monday, June 2nd. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $106.50.

Coca Cola Femsa Stock Up 1.4%

Shares of NYSE:KOF opened at $94.59 on Friday. The business has a 50-day moving average price of $95.01 and a 200 day moving average price of $87.89. The company has a current ratio of 1.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $158.98 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 0.92 and a beta of 0.60. Coca Cola Femsa has a 12-month low of $72.68 and a 12-month high of $101.74.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Friday, April 25th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.19. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.44 billion. Coca Cola Femsa had a return on equity of 16.29% and a net margin of 8.38%. Sell-side analysts expect that Coca Cola Femsa will post 5.7 EPS for the current year.

Institutional Investors Weigh In On Coca Cola Femsa

Several institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its stake in Coca Cola Femsa by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 16,834 shares of the company’s stock worth $1,537,000 after purchasing an additional 149 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in Coca Cola Femsa by 5.0% during the fourth quarter. TD Private Client Wealth LLC now owns 3,257 shares of the company’s stock worth $254,000 after acquiring an additional 155 shares during the period. Avantax Advisory Services Inc. grew its holdings in Coca Cola Femsa by 1.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company’s stock worth $933,000 after acquiring an additional 212 shares during the period. ORG Wealth Partners LLC grew its holdings in Coca Cola Femsa by 36.3% during the first quarter. ORG Wealth Partners LLC now owns 992 shares of the company’s stock worth $93,000 after acquiring an additional 264 shares during the period. Finally, Cornerstone Wealth Management LLC boosted its position in Coca Cola Femsa by 9.7% during the first quarter. Cornerstone Wealth Management LLC now owns 3,531 shares of the company’s stock worth $322,000 after purchasing an additional 312 shares in the last quarter.

About Coca Cola Femsa

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.