Analysts Set Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Target Price at $99.61

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $99.61.

KOF has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of Coca-Cola FEMSA in a report on Monday, December 4th. They set a “buy” rating and a $100.57 target price on the stock. Citigroup initiated coverage on shares of Coca-Cola FEMSA in a report on Thursday, December 7th. They set a “neutral” rating and a $90.00 target price on the stock. JPMorgan Chase & Co. raised shares of Coca-Cola FEMSA from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $89.00 to $102.00 in a research report on Friday, February 2nd. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, UBS Group raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $83.00 to $109.00 in a research report on Friday, January 12th.

Coca-Cola FEMSA Stock Performance

Coca-Cola FEMSA stock opened at $96.84 on Friday. The company’s 50 day simple moving average is $96.79 and its 200 day simple moving average is $88.45. Coca-Cola FEMSA has a fifty-two week low of $69.33 and a fifty-two week high of $104.38. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.24 and a quick ratio of 1.02.

Coca-Cola FEMSA (NYSE:KOF) last announced its earnings results on Friday, February 23rd. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.30). Coca-Cola FEMSA had a return on equity of 15.49% and a net margin of 7.94%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter last year, the business posted $1.73 earnings per share. As a group, equities analysts anticipate that Coca-Cola FEMSA will post 6.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KOF. Millennium Management LLC acquired a new position in Coca-Cola FEMSA in the fourth quarter valued at about $23,978,000. Bank of America Corp DE raised its stake in Coca-Cola FEMSA by 53.2% in the first quarter. Bank of America Corp DE now owns 696,964 shares of the company’s stock valued at $56,085,000 after purchasing an additional 241,948 shares in the last quarter. Morgan Stanley raised its stake in Coca-Cola FEMSA by 48.7% in the fourth quarter. Morgan Stanley now owns 537,866 shares of the company’s stock valued at $36,510,000 after purchasing an additional 176,095 shares in the last quarter. BlackRock Inc. raised its stake in Coca-Cola FEMSA by 20.8% in the third quarter. BlackRock Inc. now owns 855,672 shares of the company’s stock valued at $49,964,000 after purchasing an additional 147,104 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Coca-Cola FEMSA by 21.6% during the second quarter. Goldman Sachs Group Inc. now owns 710,338 shares of the company’s stock worth $39,268,000 after acquiring an additional 126,365 shares in 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. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.