Coca-Cola FEMSA (NYSE: KOF) stock rating updated by Zacks Investment Research

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

According to Zacks, “Coca-Cola Femsa SA, through its subsidiaries, produces, markets and distributes soft drinks throughout the metropolitan area of ​​Mexico City, southeastern Mexico and the metropolitan area of ​​Buenos Aires, Argentina. company produces Coca-Cola, Sprite, Fresca, Quatro, Powerade, Extra Poma, Etiqueta Azul and Kin. “

Separately, Citigroup increased Coca-Cola FEMSA’s stock from a “neutral” rating to a “buy” rating and set a $ 60.00 price target for the company in a report on Monday, December 20. One research analyst rated the stock with a hold rating and four issued a buy rating for the stock. According to MarketBeat, the company has an average “Buy” rating and a consensus price target of $ 61.50.

Shares of NYSE: KOF are trading up $ 0.84 during Friday’s midday trading, reaching $ 55.74. The company had a trading volume of 65,387 shares, compared to its average volume of 87,159. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.64, and a quick ratio of 1.36. The stock’s 50-day moving average price is $ 52.47 and its 200-day moving average price is $ 54.47. The stock has a market capitalization of $ 93.68 billion, a P / E ratio of 18.10, a PEG ratio of 1.25 and a beta of 0.90. Coca-Cola FEMSA has a one-year low of $ 41.53 and a one-year high of $ 59.07.

Coca-Cola FEMSA (NYSE: KOF) last released earnings results on Wednesday, October 27. The company reported earnings per share of $ 0.81 for the quarter, meeting the consensus estimate of $ 0.81. Coca-Cola FEMSA had a net margin of 6.88% and a return on equity of 10.83%. The company reported revenue of $ 2.41 billion during the quarter, compared with analysts’ estimates of $ 2.39 billion. As a group, sell-side analysts expect Coca-Cola FEMSA to post 3.25 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently changed their holdings in the business. Marshall Wace LLP acquired a new stake in Coca-Cola FEMSA during the first quarter valued at approximately $ 26,000. Centerpoint Advisors LLC acquired a new stake in Coca-Cola FEMSA during the fourth quarter worth approximately $ 56,000. Capital Analysts LLC increased its holdings in Coca-Cola FEMSA by 60.3% during Q3. Capital Analysts LLC now owns 1,388 shares in the company worth $ 78,000 after purchasing an additional 522 shares during the period. West Family Investments Inc. acquired a new stake in Coca-Cola FEMSA during the third quarter worth approximately $ 206,000. Finally, Commonwealth Equity Services LLC acquired a new stake in Coca-Cola FEMSA during the second quarter valued at approximately $ 214,000. 1.21% of the stock is held by institutional investors.

Coca-Cola FEMSA company profile

Coca-Cola FEMSA SAB de CV deals with the production and distribution of branded beverages. It operates through the following divisions: Mexico and Central America and South America. The Mexico and Central America division includes Mexico, Guatemala, Nicaragua, Costa Rica and Panama. The South America division is made up of Brazil, Argentina, Colombia and Uruguay.

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