JPMorgan Chase & Co. Cuts Coca Cola Femsa (NYSE:KOF) Price Target to $105.00

Key Points

• JPMorgan Chase & Co. has cut the price target for Coca Cola Femsa from $110.00 to $105.00, maintaining a "neutral" rating on the stock, which suggests a potential upside of 20.37% from its current price.
• Recent analyst reports indicate mixed ratings for Coca Cola Femsa, with four analysts recommending a "Buy" and two recommending a "Hold", while the average target price is currently $105.00.
• The stock has had a 52-week range of $72.68 to $101.74, and Coca Cola Femsa reported earnings of $1.30 per share, falling short of analyst expectations of $1.52.

Coca Cola Femsa (NYSE:KOF - Get Free Report) had its price target lowered by equities researchers at JPMorgan Chase & Co. from $110.00 to $105.00 in a report released on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 20.37% from the stock's current price.

A number of other brokerages have also issued reports on KOF. Wall Street Zen lowered shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Barclays set a $100.00 target price on Coca Cola Femsa and gave the company an "overweight" rating in a research report on Thursday, July 31st. Zacks Research downgraded Coca Cola Femsa from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Morgan Stanley upgraded Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research report on Monday, June 2nd. Finally, UBS Group increased their target price on Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $105.00.

Coca Cola Femsa Price Performance

NYSE KOF opened at $87.23 on Monday. Coca Cola Femsa has a 52 week low of $72.68 and a 52 week high of $101.74. The firm has a market capitalization of $146.61 billion, a P/E ratio of 15.28, a PEG ratio of 1.05 and a beta of 0.64. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $85.87 and a 200-day moving average price of $90.84.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.22). The firm had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.89 billion. Coca Cola Femsa had a return on equity of 15.81% and a net margin of 8.19%. Equities research analysts anticipate that Coca Cola Femsa will post 5.7 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. increased its position in shares of Coca Cola Femsa by 5.0% in the second quarter. Osaic Holdings Inc. now owns 14,026 shares of the company's stock valued at $1,354,000 after buying an additional 662 shares in the last quarter. Squarepoint Ops LLC lifted its stake in shares of Coca Cola Femsa by 106.5% in the 2nd quarter. Squarepoint Ops LLC now owns 8,920 shares of the company's stock valued at $863,000 after purchasing an additional 4,600 shares during the last quarter. Vident Advisory LLC lifted its stake in shares of Coca Cola Femsa by 9.6% in the 2nd quarter. Vident Advisory LLC now owns 6,063 shares of the company's stock valued at $587,000 after purchasing an additional 532 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Coca Cola Femsa by 87.4% in the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company's stock valued at $57,024,000 after purchasing an additional 274,894 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in Coca Cola Femsa by 163.7% during the 2nd quarter. Raymond James Financial Inc. now owns 70,936 shares of the company's stock worth $6,862,000 after acquiring an additional 44,039 shares in the last quarter.

About Coca Cola Femsa

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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