Coca Cola Femsa (NYSE:KOF) Stock Crosses Above 200-Day Moving Average – Time to Sell?
by Kim Johansen · The Markets DailyCoca Cola Femsa S.A.B. de C.V. (NYSE:KOF – Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-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.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. UBS Group upped their price target on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. HSBC restated a “hold” rating and set a $116.00 target price on shares of Coca Cola Femsa in a report on Tuesday, July 28th. Barclays lifted their price target on Coca Cola Femsa from $115.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price objective on Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Coca Cola Femsa in a report on Wednesday, August 26th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Coca Cola Femsa has an average rating of “Hold” and a consensus target price of $118.83.
Check Out Our Latest Research Report on KOF
Coca Cola Femsa Price Performance
The company has a market cap of $185.46 billion, a PE ratio of 17.41, a PEG ratio of 1.50 and a beta of 0.52. The firm’s 50-day moving average is $109.59 and its 200-day moving average is $105.71. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.48.
Coca Cola Femsa (NYSE:KOF – Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 earnings per share for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%.The business had revenue of $4.36 billion for the quarter. On average, equities analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 7.03 EPS for the current year.
Institutional Trading of Coca Cola Femsa
A number of hedge funds and other institutional investors have recently modified their holdings of KOF. EverSource Wealth Advisors LLC raised its position 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 purchasing an additional 101 shares during the last quarter. Kathmere Capital Management LLC raised its holdings in Coca Cola Femsa by 1.5% in the first quarter. Kathmere Capital Management LLC now owns 7,459 shares of the company’s stock worth $728,000 after buying an additional 112 shares during the last quarter. Vise Technologies Inc. lifted its stake in shares of Coca Cola Femsa by 0.6% in the fourth quarter. Vise Technologies Inc. now owns 23,877 shares of the company’s stock worth $2,261,000 after buying an additional 150 shares in the last quarter. Sage Investment Counsel LLC grew its holdings in shares of Coca Cola Femsa by 5.7% during the first quarter. Sage Investment Counsel LLC now owns 3,700 shares of the company’s stock valued at $361,000 after buying an additional 200 shares during the last quarter. Finally, Confluence Investment Management LLC grew its holdings in shares of Coca Cola Femsa by 8.6% during the second quarter. Confluence Investment Management LLC now owns 3,788 shares of the company’s stock valued at $402,000 after buying an additional 300 shares during the last quarter.
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.