Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Stock Has Consensus Target Price of $118.83 According to Brokerages

Key Points

• Coca-Cola FEMSA has a consensus “Hold” rating from nine analysts: five recommend holding the stock and four recommend buying it. The average 12-month price target is $118.83, above its reported share price of $108.40.
• Recent analyst updates were mixed but generally raised price targets: Barclays lifted its target to $122, UBS to $113, and JPMorgan to $127, while maintaining neutral or equal-weight ratings; Wall Street Zen downgraded the stock from “strong buy” to “buy.”
• The company reported quarterly revenue of $4.36 billion and earnings of $1.69 per share, with a 15.83% return on equity and 8.05% net margin. Several institutional investors also initiated or increased positions in KOF.

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Get Free Report) have been given a consensus rating of "Hold" by the nine research firms that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $118.83.

KOF has been the topic of a number of research reports. Wall Street Zen lowered Coca Cola Femsa from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 12th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Coca Cola Femsa in a research note on Wednesday, August 26th. Barclays raised their price target on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 29th. UBS Group lifted their target price on Coca Cola Femsa from $110.00 to $113.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. upped their price target on Coca Cola Femsa from $114.00 to $127.00 and gave the company a "neutral" rating in a research note on Wednesday, July 15th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KOF. Whipplewood Advisors LLC increased its position in shares of Coca Cola Femsa by 862.2% during the first quarter. Whipplewood Advisors LLC now owns 433 shares of the company's stock valued at $42,000 after acquiring an additional 388 shares during the last quarter. KBC Group NV purchased a new stake in shares of Coca Cola Femsa in the 1st quarter valued at approximately $69,000. Community Financial Services Group LLC acquired a new position in shares of Coca Cola Femsa in the 2nd quarter worth approximately $92,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Coca Cola Femsa by 8.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,371 shares of the company's stock worth $134,000 after acquiring an additional 101 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of Coca Cola Femsa during the 1st quarter worth approximately $201,000.

Coca Cola Femsa Price Performance

Shares of Coca Cola Femsa stock opened at $108.40 on Wednesday. The stock has a market capitalization of $182.18 billion, a P/E ratio of 17.10, a PEG ratio of 1.48 and a beta of 0.52. The business has a 50 day simple moving average of $110.21 and a two-hundred day simple moving average of $105.91. Coca Cola Femsa has a 12 month low of $80.22 and a 12 month high of $117.09. 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 issued its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%.The firm had revenue of $4.36 billion for the quarter. As a group, analysts predict that Coca Cola Femsa will post 6.98 EPS for the current fiscal year.

About Coca Cola Femsa

Coca-Cola FEMSA, SAB. de C.V. NYSE: KOF is the world's largest franchise bottler of Coca-Cola products by sales volume. The company produces, distributes, markets and sells beverages under The Coca-Cola Company's trademark brands, along with a portfolio of other beverages tailored to local markets.

Its products include sparkling soft drinks such as Coca-Cola, Sprite and Fanta, as well as bottled water, juices, sports drinks, energy beverages and other non-alcoholic drinks. Coca-Cola FEMSA serves customers through a broad distribution network that includes retailers, restaurants, food-service businesses and other commercial channels.

The company is headquartered in Mexico and is part of FEMSA, a Latin American beverage and retail group.

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