Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Given Average Recommendation of “Buy” by Brokerages

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $104.00.

KOF has been the topic of several research reports. Barclays increased their price objective on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. StockNews.com cut shares of Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

Coca-Cola FEMSA Stock Performance

NYSE KOF opened at $95.12 on Friday. The firm has a market cap of $159.86 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 0.62 and a beta of 0.79. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. Coca-Cola FEMSA has a 1-year low of $72.68 and a 1-year high of $102.28. The company has a 50 day moving average of $85.23 and a 200-day moving average of $83.28.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings results on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.22. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.49 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. On average, equities analysts forecast that Coca-Cola FEMSA will post 5.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new position in Coca-Cola FEMSA in the fourth quarter valued at approximately $29,000. Steward Partners Investment Advisory LLC raised its position 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 acquiring an additional 375 shares during the last quarter. Banque de Luxembourg S.A. acquired a new position in shares of Coca-Cola FEMSA in the 4th quarter valued at $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Coca-Cola FEMSA in the 4th quarter worth $43,000. Finally, Parvin Asset Management LLC acquired a new stake in shares of Coca-Cola FEMSA during the fourth quarter worth $56,000.

Coca-Cola FEMSA Company Profile

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.