Coca-Cola FEMSA (NYSE:KOF) Upgraded at StockNews.com

Coca-Cola FEMSA (NYSE:KOF) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday.

Separately, Barclays increased their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Coca-Cola FEMSA has a consensus rating of “Buy” and a consensus target price of $104.00.

Coca-Cola FEMSA Price Performance

Shares of NYSE:KOF traded up $1.72 during mid-day trading on Tuesday, reaching $89.76. The stock had a trading volume of 140,067 shares, compared to its average volume of 171,526. The company has a market cap of $150.86 billion, a P/E ratio of 15.24, a price-to-earnings-growth ratio of 0.62 and a beta of 0.79. The business’s 50 day moving average price is $83.24 and its 200 day moving average price is $82.96. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. Coca-Cola FEMSA has a 1 year low of $72.68 and a 1 year high of $102.28.

Coca-Cola FEMSA (NYSE:KOF) last posted its earnings results on Friday, February 21st. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.22. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.49 billion. Research analysts expect that Coca-Cola FEMSA will post 5.7 EPS for the current fiscal year.

Institutional Trading of Coca-Cola FEMSA

Large investors have recently modified their holdings of the company. Quantbot Technologies LP increased its holdings in shares of Coca-Cola FEMSA by 266.0% in the 3rd quarter. Quantbot Technologies LP now owns 14,243 shares of the company’s stock valued at $1,264,000 after acquiring an additional 10,352 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Coca-Cola FEMSA by 150.6% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 44,600 shares of the company’s stock valued at $3,957,000 after purchasing an additional 26,800 shares during the last quarter. HighTower Advisors LLC raised its holdings in Coca-Cola FEMSA by 43.3% in the third quarter. HighTower Advisors LLC now owns 4,844 shares of the company’s stock worth $428,000 after purchasing an additional 1,464 shares in the last quarter. Itau Unibanco Holding S.A. lifted its position in shares of Coca-Cola FEMSA by 59.8% during the third quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock valued at $68,297,000 after buying an additional 304,197 shares during the last quarter. Finally, Wexford Capital LP grew its position in shares of Coca-Cola FEMSA by 13.8% in the 3rd quarter. Wexford Capital LP now owns 122,930 shares of the company’s stock worth $10,906,000 after buying an additional 14,938 shares during 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.