Coca-Cola FEMSA (NYSE:KOF) Stock Rating Upgraded by Morgan Stanley

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) was upgraded by stock analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating in a research note issued on Monday, Marketbeat reports.

Several other equities research analysts have also recently issued reports on KOF. Wall Street Zen upgraded shares of Coca-Cola FEMSA from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Barclays raised their price objective on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. raised their price objective 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, UBS Group raised their price objective 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. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Coca-Cola FEMSA currently has an average rating of "Buy" and a consensus price target of $106.50.

Coca-Cola FEMSA Price Performance

KOF traded up $0.17 during midday trading on Monday, hitting $96.57. 107,488 shares of the company traded hands, compared to its average volume of 192,840. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $162.30 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 0.62 and a beta of 0.63. Coca-Cola FEMSA has a 52-week low of $72.68 and a 52-week high of $101.74. The business has a 50 day simple moving average of $94.34 and a two-hundred day simple moving average of $86.02.

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, topping analysts' consensus estimates of $1.01 by $0.19. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.44 billion. On average, equities analysts forecast that Coca-Cola FEMSA will post 5.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coca-Cola FEMSA

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC grew its position in shares of Coca-Cola FEMSA by 17.4% in the fourth quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company's stock valued at $1,562,000 after purchasing an additional 2,902 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Coca-Cola FEMSA by 1.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 224,870 shares of the company's stock worth $17,515,000 after acquiring an additional 3,120 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Coca-Cola FEMSA by 570.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,953 shares of the company's stock worth $386,000 after acquiring an additional 4,214 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Coca-Cola FEMSA by 46.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 102,856 shares of the company's stock worth $8,011,000 after acquiring an additional 32,674 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its position 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 worth $1,314,000 after acquiring an additional 8,685 shares during the last quarter.

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.