Coca Cola Femsa (NYSE:KOF) Upgraded to Buy at Wall Street Zen

Coca Cola Femsa (NYSE:KOF - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

A number of other analysts have also issued reports on the stock. UBS Group increased their price target on shares of Coca Cola Femsa from $106.00 to $109.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. increased their target price on shares of Coca Cola Femsa from $107.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Finally, Morgan Stanley raised shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Coca Cola Femsa presently has a consensus rating of "Buy" and an average target price of $107.50.

Coca Cola Femsa Trading Down 3.8%

NYSE KOF traded down $3.73 on Friday, hitting $94.26. 256,424 shares of the stock were exchanged, compared to its average volume of 199,364. The company's 50-day moving average price is $95.00 and its two-hundred day moving average price is $88.69. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.21 and a quick ratio of 0.96. Coca Cola Femsa has a 52-week low of $72.68 and a 52-week high of $101.74. The company has a market capitalization of $158.42 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 0.94 and a beta of 0.60.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.19. The business had revenue of $3.42 billion for 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%. Research analysts predict that Coca Cola Femsa will post 5.7 EPS for the current year.

Institutional Trading of Coca Cola Femsa

Several large investors have recently added to or reduced their stakes in KOF. GAMMA Investing LLC lifted its stake in shares of Coca Cola Femsa by 936.0% in the first quarter. GAMMA Investing LLC now owns 5,843 shares of the company's stock worth $533,000 after buying an additional 5,279 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Coca Cola Femsa by 1.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 224,870 shares of the company's stock worth $17,515,000 after purchasing an additional 3,120 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Coca Cola Femsa by 46.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 102,856 shares of the company's stock valued at $8,011,000 after buying an additional 32,674 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of Coca Cola Femsa by 106.1% in the fourth quarter. Corient Private Wealth LLC now owns 16,868 shares of the company's stock valued at $1,314,000 after buying an additional 8,685 shares during the period. Finally, Focus Partners Wealth bought a new stake in shares of Coca Cola Femsa in the fourth quarter valued at about $334,000.

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.