Coca Cola Femsa (NYSE:KOF) Stock Rating Upgraded by Wall Street Zen

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

Other equities analysts also recently issued research reports about the stock. Barclays upped their price objective on shares of Coca Cola Femsa from $99.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. UBS Group increased their price target on Coca Cola Femsa from $106.00 to $109.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. lifted their price objective on Coca Cola Femsa from $107.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Finally, Morgan Stanley upgraded Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Coca Cola Femsa currently has an average rating of "Buy" and an average target price of $106.50.

Coca Cola Femsa Price Performance

KOF stock traded up $1.26 on Friday, reaching $94.59. The company had a trading volume of 259,173 shares, compared to its average volume of 199,796. The company's fifty day moving average is $95.01 and its 200 day moving average is $87.85. The company has a market cap of $158.98 billion, a P/E ratio of 15.87, a PEG ratio of 0.91 and a beta of 0.60. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.96 and a current ratio of 1.21. 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 issued its quarterly earnings data on Friday, April 25th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.19. Coca Cola Femsa had a return on equity of 16.29% and a net margin of 8.38%. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.44 billion. On average, research analysts forecast that Coca Cola Femsa will post 5.7 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KOF. SBI Securities Co. Ltd. acquired a new stake in Coca Cola Femsa during the fourth quarter worth about $29,000. Steward Partners Investment Advisory LLC grew its holdings 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 worth $31,000 after purchasing an additional 375 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of Coca Cola Femsa during the 1st quarter worth about $41,000. Banque de Luxembourg S.A. acquired a new stake in Coca Cola Femsa during the 4th quarter worth approximately $43,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Coca Cola Femsa in the fourth quarter valued at approximately $43,000.

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.

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