Zacks Investment Research Upgrades Coca-Cola FEMSA (NYSE:KOF) to “Buy”

Coca-Cola FEMSA (NYSE:KOF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday, Zacks.com reports. The brokerage presently has a $61.00 target price on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 9.44% from the company’s previous close.

According to Zacks, “Coca-Cola Femsa S.A., through its subsidiaries, produces, markets and distributes soft drinks throughout the metropolitan area of Mexico City, in Southeastern Mexico and in metropolitan Buenos Aires, Argentina. The Company produces Coca-Cola, Sprite, Fresca, Quatro, Powerade, Extra Poma, Etiqueta Azul and Kin. “

Separately, Citigroup raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Monday, December 20th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Coca-Cola FEMSA currently has a consensus rating of “Buy” and a consensus target price of $61.50.

Coca-Cola FEMSA stock traded up $0.84 during mid-day trading on Friday, hitting $55.74. 65,387 shares of the company were exchanged, compared to its average volume of 87,159. The company has a quick ratio of 1.36, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The business has a fifty day moving average of $52.47 and a 200 day moving average of $54.47. Coca-Cola FEMSA has a 1-year low of $41.53 and a 1-year high of $59.07. The company has a market capitalization of $93.68 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings results on Wednesday, October 27th. The company reported $0.81 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.81. The business had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Coca-Cola FEMSA had a return on equity of 10.83% and a net margin of 6.88%. Research analysts expect that Coca-Cola FEMSA will post 3.25 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in shares of Coca-Cola FEMSA during the 1st quarter worth $26,000. Centerpoint Advisors LLC acquired a new position in Coca-Cola FEMSA in the 4th quarter worth about $56,000. Capital Analysts LLC grew its position in shares of Coca-Cola FEMSA by 60.3% in the 3rd quarter. Capital Analysts LLC now owns 1,388 shares of the company’s stock valued at $78,000 after buying an additional 522 shares during the last quarter. West Family Investments Inc. bought a new stake in shares of Coca-Cola FEMSA in the 3rd quarter valued at about $206,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Coca-Cola FEMSA in the 2nd quarter valued at about $214,000. Hedge funds and other institutional investors own 1.21% of the company’s stock.

About Coca-Cola FEMSA

Coca-Cola FEMSA SAB de CV engages in the production and distribution of trademark beverages. It operates through the following divisions: Mexico and Central America and South America. The Mexico and Central America division comprises Mexico, Guatemala, Nicaragua, Costa Rica and Panama. The South America division consists of Brazil, Argentina, Colombia and Uruguay.

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