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

Key Points

• Wall Street Zen upgraded Coca-Cola FEMSA to “strong buy” from “buy,” although the broader analyst consensus remains “hold,” with four buy ratings and five hold ratings.
• The stock opened at $110.33, near its 52-week high of $116.36, while analysts’ average price target stands at $118.83. Recent targets range from $113 at UBS to $127 at JPMorgan Chase.
• Coca-Cola FEMSA reported quarterly earnings of $1.69 per share on $4.36 billion in revenue, and analysts expect full-year earnings of $6.75 per share. BlackRock also initiated a sizable position valued at approximately $1.02 billion.

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

Several other brokerages also recently weighed in on KOF. HSBC reissued a "hold" rating and set a $116.00 price target on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. Barclays increased their target price on Coca Cola Femsa from $115.00 to $122.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 29th. Weiss Ratings raised Coca Cola Femsa from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, May 29th. JPMorgan Chase & Co. boosted their price target on Coca Cola Femsa from $114.00 to $127.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 15th. Finally, UBS Group upped their price target on Coca Cola Femsa from $110.00 to $113.00 and gave the company a "neutral" rating in a report on Monday. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $118.83.

Coca Cola Femsa Stock Performance

Shares of Coca Cola Femsa stock opened at $110.33 on Friday. Coca Cola Femsa has a 1 year low of $80.22 and a 1 year high of $116.36. The firm's 50-day moving average is $106.31 and its 200 day moving average is $105.05. The stock has a market cap of $185.44 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.33 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.04 and a quick ratio of 0.87.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last released its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 earnings per share for the quarter. The business had revenue of $4.36 billion during the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. Sell-side analysts anticipate that Coca Cola Femsa will post 6.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Coca Cola Femsa

Hedge funds have recently added to or reduced their stakes in the stock. RHS Financial LLC purchased a new position in shares of Coca Cola Femsa in the 2nd quarter worth $282,000. Paladin Partners LLC bought a new stake in shares of Coca Cola Femsa in the second quarter worth $25,000. BlackRock Inc. purchased a new stake in Coca Cola Femsa during the second quarter valued at $1,017,381,000. Pallas Capital Advisors LLC purchased a new stake in Coca Cola Femsa during the second quarter valued at $253,000. Finally, Performance Wealth Partners LLC bought a new position in Coca Cola Femsa in the second quarter valued at about $240,000.

Coca Cola Femsa Company Profile

Coca‑Cola FEMSA NYSE: KOF is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company's product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.

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