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

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

Several other brokerages also recently weighed in on KOF. Morgan Stanley raised shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research report on Monday, June 2nd. JPMorgan Chase & Co. lifted their target price on Coca Cola Femsa from $107.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Finally, UBS Group upped their price target on Coca Cola Femsa from $106.00 to $109.00 and gave the company a "buy" rating in a report on Monday, May 5th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $106.50.

Coca Cola Femsa Price Performance

Shares of NYSE:KOF opened at $97.24 on Friday. The business has a fifty day moving average price of $94.94 and a 200-day moving average price of $88.38. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.21 and a quick ratio of 0.96. The company has a market capitalization of $163.43 billion, a PE ratio of 16.32, a PEG ratio of 0.94 and a beta of 0.60. Coca Cola Femsa has a 1-year low of $72.68 and a 1-year high of $101.74.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $3.44 billion. Coca Cola Femsa had a net margin of 8.38% and a return on equity of 16.29%. As a group, equities analysts expect that Coca Cola Femsa will post 5.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Coca Cola Femsa

Large investors have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. boosted its stake in shares of Coca Cola Femsa by 1.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,245,370 shares of the company's stock worth $113,690,000 after buying an additional 19,338 shares during the last quarter. Corvex Management LP lifted its holdings in Coca Cola Femsa by 138.9% in the fourth quarter. Corvex Management LP now owns 1,066,108 shares of the company's stock valued at $83,039,000 after acquiring an additional 619,931 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Coca Cola Femsa in the first quarter worth about $88,634,000. First Eagle Investment Management LLC boosted its position in Coca Cola Femsa by 2.9% in the fourth quarter. First Eagle Investment Management LLC now owns 322,963 shares of the company's stock worth $25,156,000 after purchasing an additional 9,037 shares during the last quarter. Finally, Natixis Advisors LLC grew its stake in shares of Coca Cola Femsa by 11.0% during the 1st quarter. Natixis Advisors LLC now owns 268,479 shares of the company's stock valued at $24,509,000 after purchasing an additional 26,634 shares during the period.

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.

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