Barclays Forecasts Strong Price Appreciation for Coca Cola Femsa (NYSE:KOF) Stock

by · The Cerbat Gem

Coca Cola Femsa (NYSE:KOF – Get Free Report) had its target price increased by investment analysts at Barclays from $110.00 to $112.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 6.71% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Bradesco Corretora raised Coca Cola Femsa to an “outperform” rating and set a $124.00 price target for the company in a research note on Wednesday, February 11th. The Goldman Sachs Group upped their price target on shares of Coca Cola Femsa from $97.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. JPMorgan Chase & Co. downgraded Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research report on Wednesday, January 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Friday, December 26th. Finally, Bank of America reaffirmed a “buy” rating on shares of Coca Cola Femsa in a research note on Monday. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Coca Cola Femsa has a consensus rating of “Moderate Buy” and a consensus price target of $111.60.

Get Our Latest Stock Analysis on KOF

Coca Cola Femsa Price Performance

KOF stock traded down $4.96 on Tuesday, reaching $104.96. 94,561 shares of the company’s stock were exchanged, compared to its average volume of 219,924. Coca Cola Femsa has a twelve month low of $80.22 and a twelve month high of $116.36. The stock has a fifty day moving average of $104.02 and a 200-day moving average of $92.65. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

Coca Cola Femsa (NYSE:KOF – Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $1.95 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.04). The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Coca Cola Femsa had a return on equity of 15.97% and a net margin of 8.18%. On average, analysts predict that Coca Cola Femsa will post 5.7 EPS for the current year.

Hedge Funds Weigh In On Coca Cola Femsa

A number of hedge funds have recently added to or reduced their stakes in KOF. NewEdge Advisors LLC lifted its position in shares of Coca Cola Femsa by 230,700.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock worth $211,000 after buying an additional 2,307 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Coca Cola Femsa by 211.4% in the 1st quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock worth $451,000 after acquiring an additional 3,351 shares during the last quarter. CWM LLC lifted its holdings in Coca Cola Femsa by 19.7% during the second quarter. CWM LLC now owns 722 shares of the company’s stock valued at $70,000 after purchasing an additional 119 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Coca Cola Femsa by 7.7% during the second quarter. Envestnet Asset Management Inc. now owns 235,105 shares of the company’s stock worth $22,742,000 after purchasing an additional 16,889 shares during the period. Finally, Atria Investments Inc increased its stake in shares of Coca Cola Femsa by 13.2% in the second quarter. Atria Investments Inc now owns 5,285 shares of the company’s stock worth $511,000 after purchasing an additional 615 shares in the last quarter.

Coca Cola Femsa Company Profile

(Get Free Report)

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.

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