Coca-Cola FEMSA (NYSE:KOF) Given New $110.00 Price Target at JPMorgan Chase & Co.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) had its price objective hoisted by equities research analysts at JPMorgan Chase & Co. from $107.00 to $110.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 16.07% from the stock's current price.

A number of other brokerages also recently weighed in on KOF. Barclays increased their price target on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. StockNews.com downgraded Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a report on Friday, April 11th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $104.75.

Coca-Cola FEMSA Trading Up 0.2 %

Shares of Coca-Cola FEMSA stock traded up $0.21 during midday trading on Friday, reaching $94.77. The company had a trading volume of 71,264 shares, compared to its average volume of 176,093. The stock has a fifty day moving average price of $88.62 and a 200 day moving average price of $83.52. Coca-Cola FEMSA has a fifty-two week low of $72.68 and a fifty-two week high of $102.28. The firm has a market cap of $159.28 billion, a PE ratio of 16.09, a P/E/G ratio of 0.62 and a beta of 0.58. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last issued its quarterly earnings results on Friday, February 21st. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.22. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.49 billion. On average, equities analysts anticipate that Coca-Cola FEMSA will post 5.7 earnings per share for the current year.

Institutional Investors Weigh In On Coca-Cola FEMSA

Hedge funds and other institutional investors have recently bought and sold shares of the business. Corvex Management LP raised its stake in shares of Coca-Cola FEMSA by 138.9% during the 4th quarter. Corvex Management LP now owns 1,066,108 shares of the company's stock valued at $83,039,000 after purchasing an additional 619,931 shares during the period. JPMorgan Chase & Co. increased its position in shares of Coca-Cola FEMSA by 90.5% during the third quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company's stock valued at $70,672,000 after buying an additional 378,325 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Coca-Cola FEMSA by 14.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company's stock worth $95,496,000 after buying an additional 157,530 shares in the last quarter. Northern Trust Corp boosted its position in shares of Coca-Cola FEMSA by 113.8% in the fourth quarter. Northern Trust Corp now owns 166,994 shares of the company's stock valued at $13,007,000 after acquiring an additional 88,873 shares during the period. Finally, BLI Banque de Luxembourg Investments purchased a new position in Coca-Cola FEMSA during the fourth quarter valued at approximately $6,533,000.

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.