Coca Cola Femsa (NYSE:KOF) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Coca-Cola FEMSA shares rose above their 200-day moving average, trading as high as $111.38 versus the $105.69 average, with the latest price near $111.05.
• Analyst sentiment remains mixed: four analysts rate the stock a Buy and five a Hold, producing an overall “Hold” consensus and an average price target of $118.83.
• The company reported quarterly EPS of $1.69 on $4.36 billion in revenue, with an 8.05% net margin and 15.83% return on equity; several institutional investors also recently initiated or increased positions.

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $105.69 and traded as high as $111.38. Coca Cola Femsa shares last traded at $111.05, with a volume of 99,463 shares changing hands.

Analyst Ratings Changes

Several research firms recently commented on KOF. HSBC reaffirmed a "hold" rating and issued a $116.00 price target on shares of Coca Cola Femsa in a report on Tuesday, July 28th. JPMorgan Chase & Co. upped their target price on Coca Cola Femsa from $114.00 to $127.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. UBS Group upped their target price on Coca Cola Femsa from $110.00 to $113.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Coca Cola Femsa in a research note on Wednesday, August 26th. Finally, Wall Street Zen lowered Coca Cola Femsa from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 12th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Coca Cola Femsa has an average rating of "Hold" and a consensus price target of $118.83.

Coca Cola Femsa Stock Performance

The firm's 50 day moving average price is $109.41 and its two-hundred day moving average price is $105.69. The firm has a market cap of $186.64 billion, a PE ratio of 17.52, a PEG ratio of 1.48 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last released its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. The firm had revenue of $4.36 billion for the quarter. On average, research analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 7.03 earnings per share for the current year.

Institutional Investors Weigh In On Coca Cola Femsa

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whipplewood Advisors LLC grew its holdings in shares of Coca Cola Femsa by 862.2% during the 1st quarter. Whipplewood Advisors LLC now owns 433 shares of the company's stock worth $42,000 after purchasing an additional 388 shares during the period. KBC Group NV purchased a new stake in Coca Cola Femsa in the 1st quarter valued at about $69,000. Community Financial Services Group LLC purchased a new stake in Coca Cola Femsa in the 2nd quarter valued at about $92,000. EverSource Wealth Advisors LLC lifted its position in Coca Cola Femsa by 20.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,270 shares of the company's stock valued at $120,000 after buying an additional 212 shares during the last quarter. Finally, HBK Sorce Advisory LLC acquired a new position in Coca Cola Femsa in the fourth quarter valued at about $188,000.

Coca Cola Femsa Company Profile

Coca-Cola FEMSA, SAB. de C.V. is a Latin American beverage company and the largest franchise bottler of Coca-Cola products by sales volume. The company manufactures, markets, sells and distributes beverages under brands owned or licensed by The Coca-Cola Company, including Coca-Cola, Sprite, Fanta, Powerade and Dasani, along with local soft-drink, water, juice and other beverage brands.

The company serves consumers through a broad distribution network spanning Mexico, Central and South America, with operations in markets including Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina and Uruguay.

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