Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analyst consensus: Nine brokerages give Coca‑Cola FEMSA an average recommendation of "Moderate Buy" (5 buys, 4 holds) with a 12‑month average price target of $111.60.
• Notable analyst moves include Bradesco raising the stock to outperform with a $124 target and Goldman Sachs boosting its target to $111 while UBS downgraded KOF from buy to hold.
• Stock and fundamentals: KOF opened at $98.76, has a P/E of 16.57, reported $2.00 EPS on $4.31 billion revenue last quarter, and analysts expect about 5.7 EPS for the current year.

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $111.60.

Several research firms have weighed in on KOF. Bank of America reissued a "buy" rating on shares of Coca Cola Femsa in a report on Monday, March 2nd. Bradesco Corretora raised shares of Coca Cola Femsa to an "outperform" rating and set a $124.00 price target on the stock in a report on Wednesday, February 11th. The Goldman Sachs Group increased their price target on shares of Coca Cola Femsa from $97.00 to $111.00 and gave the company a "buy" rating in a report on Wednesday, February 11th. Wall Street Zen raised shares of Coca Cola Femsa from a "hold" rating to a "buy" rating in a report on Saturday, February 14th. Finally, UBS Group cut shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a report on Thursday, March 12th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Boston Partners increased its holdings in shares of Coca Cola Femsa by 1.9% during the fourth quarter. Boston Partners now owns 1,681,676 shares of the company's stock worth $159,287,000 after purchasing an additional 31,499 shares during the period. Bank of America Corp DE increased its holdings in shares of Coca Cola Femsa by 87.4% during the second quarter. Bank of America Corp DE now owns 589,519 shares of the company's stock worth $57,024,000 after purchasing an additional 274,894 shares during the period. Cullen Capital Management LLC increased its holdings in shares of Coca Cola Femsa by 2.4% during the second quarter. Cullen Capital Management LLC now owns 531,055 shares of the company's stock worth $51,369,000 after purchasing an additional 12,312 shares during the period. Invesco Ltd. increased its holdings in shares of Coca Cola Femsa by 3.6% during the fourth quarter. Invesco Ltd. now owns 311,979 shares of the company's stock worth $29,547,000 after purchasing an additional 10,713 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Coca Cola Femsa by 7.0% during the third quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company's stock worth $18,750,000 after purchasing an additional 14,687 shares during the period.

Coca Cola Femsa Stock Down 0.3%

Coca Cola Femsa stock opened at $98.76 on Wednesday. The stock has a market cap of $165.98 billion, a P/E ratio of 16.57, a P/E/G ratio of 1.06 and a beta of 0.54. The company has a quick ratio of 0.91, a current ratio of 1.12 and a debt-to-equity ratio of 0.47. Coca Cola Femsa has a twelve month low of $80.22 and a twelve month high of $116.36. The company's 50-day moving average price is $104.28 and its two-hundred day moving average price is $95.25.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The company reported $2.00 earnings per share for the quarter. The firm had revenue of $4.31 billion for the quarter. Coca Cola Femsa had a net margin of 8.18% and a return on equity of 15.97%. As a group, analysts expect that Coca Cola Femsa will post 5.7 EPS for the current year.

About Coca Cola Femsa

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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