Coca-Cola FEMSA (NYSE:KOF) Stock Rating Upgraded by StockNews.com

Coca-Cola FEMSA (NYSE:KOF) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.

Separately, Barclays boosted their price target on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $104.00.

Coca-Cola FEMSA Stock Performance

Shares of NYSE:KOF opened at $90.89 on Tuesday. Coca-Cola FEMSA has a 12-month low of $72.68 and a 12-month high of $102.28. The company’s 50 day moving average price is $83.53 and its two-hundred day moving average price is $83.02. The firm has a market cap of $152.75 billion, a PE ratio of 15.43, a PEG ratio of 0.62 and a beta of 0.79. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings results on Friday, February 21st. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.22. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.49 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. Equities research analysts predict that Coca-Cola FEMSA will post 5.7 earnings per share for the current year.

Institutional Trading of Coca-Cola FEMSA

Several large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in Coca-Cola FEMSA during the fourth quarter worth about $29,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Coca-Cola FEMSA by 1,388.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company’s stock valued at $31,000 after purchasing an additional 375 shares during the last quarter. Banque de Luxembourg S.A. acquired a new position in Coca-Cola FEMSA during the 4th quarter worth approximately $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Coca-Cola FEMSA in the 4th quarter valued at approximately $43,000. Finally, Parvin Asset Management LLC acquired a new stake in Coca-Cola FEMSA in the fourth quarter valued at approximately $56,000.

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.