Coca-Cola FEMSA, S.A.B. de C.V. (KOF) Receives $91.00 Average Target Price from Brokerages

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Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) have received an average recommendation of “Hold” from the eight ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $91.00.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Coca-Cola FEMSA from a “sell” rating to a “hold” rating in a research report on Friday, October 5th. UBS Group upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 2nd. ValuEngine downgraded shares of Coca-Cola FEMSA from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. JPMorgan Chase & Co. boosted their target price on shares of Coca-Cola FEMSA from $66.00 to $73.00 and gave the company a “hold” rating in a research report on Friday, August 24th. Finally, Barclays set a $72.00 target price on shares of Coca-Cola FEMSA and gave the company a “buy” rating in a research report on Saturday, July 28th.

Coca-Cola FEMSA stock opened at $60.88 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.92 and a current ratio of 1.15. Coca-Cola FEMSA has a 12-month low of $54.53 and a 12-month high of $79.42. The firm has a market cap of $12.87 billion, a P/E ratio of 18.67 and a beta of 0.96.

Coca-Cola FEMSA (NYSE:KOF) last released its earnings results on Friday, July 27th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.01). Coca-Cola FEMSA had a negative net margin of 7.51% and a positive return on equity of 9.33%. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.59 billion. On average, equities research analysts expect that Coca-Cola FEMSA will post 3.11 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in KOF. Renaissance Technologies LLC increased its stake in Coca-Cola FEMSA by 18.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,165,900 shares of the company’s stock valued at $65,792,000 after purchasing an additional 182,300 shares in the last quarter. Macquarie Group Ltd. increased its stake in Coca-Cola FEMSA by 6.3% during the 2nd quarter. Macquarie Group Ltd. now owns 2,217,726 shares of the company’s stock valued at $125,146,000 after purchasing an additional 131,580 shares in the last quarter. Millennium Management LLC increased its stake in Coca-Cola FEMSA by 60.1% during the 1st quarter. Millennium Management LLC now owns 293,030 shares of the company’s stock valued at $19,466,000 after purchasing an additional 109,980 shares in the last quarter. Indus Capital Partners LLC bought a new stake in Coca-Cola FEMSA during the 2nd quarter valued at $1,975,000. Finally, FMR LLC increased its stake in Coca-Cola FEMSA by 20.7% during the 2nd quarter. FMR LLC now owns 132,900 shares of the company’s stock valued at $7,500,000 after purchasing an additional 22,800 shares in the last quarter. Institutional investors and hedge funds own 6.75% of the company’s stock.

Coca-Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and still beverages, such as juice drinks, coffee, teas, milk, value-added dairy, sports drinks, energy drinks, and plant-based drinks.

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Analyst Recommendations for Coca-Cola FEMSA (NYSE:KOF)

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