Coca Cola FEMSA (NYSE:KOF) Stock Price Target Raised at Barclays

Key Points

• Barclays raised Coca-Cola FEMSA’s price target from $122 to $125 while maintaining an “equal weight” rating, implying 6.59% potential upside from the prior close.
• Analyst sentiment remains cautious: four analysts rate the stock a Buy and six rate it a Hold, producing a consensus “Hold” rating and average price target of $121.43.
• Coca-Cola FEMSA reported quarterly EPS of $1.72, missing the $1.89 consensus estimate, while revenue of $4.41 billion exceeded expectations of $4.36 billion.

Coca Cola FEMSA (NYSE:KOF - Get Free Report) had its price target raised by stock analysts at Barclays from $122.00 to $125.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price target would suggest a potential upside of 6.59% from the stock's previous close.

Other research analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Coca Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 12th. UBS Group upped their target price on shares of Coca Cola FEMSA from $110.00 to $113.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Itau BBA Securities cut Coca Cola FEMSA from an "outperform" rating to a "market perform" rating and set a $116.00 price target on the stock. in a research report on Tuesday. HSBC cut shares of Coca Cola FEMSA from a "buy" rating to a "hold" rating and dropped their price objective for the company from $120.00 to $116.00 in a research note on Tuesday, July 28th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Coca Cola FEMSA from $114.00 to $127.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Coca Cola FEMSA has an average rating of "Hold" and a consensus price target of $121.43.

Coca Cola FEMSA Stock Up 1.4%

Coca Cola FEMSA stock opened at $117.27 on Tuesday. Coca Cola FEMSA has a fifty-two week low of $85.35 and a fifty-two week high of $122.14. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.87 and a current ratio of 1.14. The company has a market capitalization of $197.09 billion, a P/E ratio of 17.90, a PEG ratio of 1.56 and a beta of 0.54. The stock has a 50-day simple moving average of $112.55 and a 200-day simple moving average of $107.09.

Coca Cola FEMSA (NYSE:KOF - Get Free Report) last released its quarterly earnings results on Monday, October 26th. The company reported $1.72 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.17). The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.36 billion. Coca Cola FEMSA had a return on equity of 15.76% and a net margin of 7.95%. Equities research analysts expect that Coca Cola FEMSA will post 6.98 earnings per share for the current year.

Institutional Investors Weigh In On Coca Cola FEMSA

Institutional investors have recently modified their holdings of the company. Stack Financial Management Inc purchased a new stake in shares of Coca Cola FEMSA in the second quarter valued at $26,079,000. Bryn Mawr Trust Advisors LLC acquired a new position in Coca Cola FEMSA in the 2nd quarter valued at about $12,512,000. Everett Harris & Co. CA acquired a new position in Coca Cola FEMSA in the 2nd quarter valued at about $7,619,000. BIP Wealth LLC purchased a new position in Coca Cola FEMSA in the 2nd quarter valued at about $6,129,000. Finally, Summit Global Investments purchased a new position in Coca Cola FEMSA in the 2nd quarter valued at about $4,921,000.

Coca Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V. is the world’s largest Coca-Cola franchise bottler by sales volume. The company produces, markets, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Sprite, Fanta and Powerade, as well as bottled water, juices, dairy products, sports drinks, energy drinks and other beverage products.

The company serves consumers through a broad distribution network that includes traditional retail stores, supermarkets, convenience stores, restaurants, food-service businesses and other commercial channels.

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