Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) have received an average recommendation of “Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $71.67.
KOF has been the topic of several recent research reports. Santander cut shares of Coca-Cola FEMSA from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Zacks Investment Research upgraded shares of Scholar Rock from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Wednesday.
Shares of NYSE KOF traded down $0.67 during mid-day trading on Friday, hitting $61.96. 1,281 shares of the company’s stock traded hands, compared to its average volume of 53,005. The business has a 50-day moving average of $63.01. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.95 and a quick ratio of 0.76. The company has a market capitalization of $13.19 billion, a P/E ratio of 23.19, a P/E/G ratio of 1.96 and a beta of 0.66. Coca-Cola FEMSA has a 1 year low of $56.19 and a 1 year high of $69.00.
A number of large investors have recently modified their holdings of the stock. Marshall Wace LLP bought a new position in Coca-Cola FEMSA in the 1st quarter worth about $26,000. Bremer Bank National Association bought a new position in Coca-Cola FEMSA in the 1st quarter worth about $31,000. Global Retirement Partners LLC bought a new position in Coca-Cola FEMSA in the 1st quarter worth about $42,000. Quadrant Capital Group LLC grew its stake in Coca-Cola FEMSA by 23.8% in the 1st quarter. Quadrant Capital Group LLC now owns 1,258 shares of the company’s stock worth $82,000 after acquiring an additional 242 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Coca-Cola FEMSA in the 4th quarter worth about $274,000. Institutional investors own 7.15% of the company’s stock.
About Coca-Cola FEMSA
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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