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. “
Several other brokerages have also commented on KOF. Citigroup Inc. lowered shares of Coca-Cola FEMSA SAB from a neutral rating to a sell rating and decreased their price objective for the company from $76.50 to $73.00 in a research report on Sunday, July 24th. Scotiabank reaffirmed a sector perform rating and issued a $139.00 price objective on shares of Coca-Cola FEMSA SAB in a research report on Thursday, August 25th. JPMorgan Chase & Co. increased their price objective on shares of Coca-Cola FEMSA SAB from $82.00 to $89.00 and gave the company a neutral rating in a research report on Friday, June 3rd. Finally, Credit Suisse Group AG raised shares of Coca-Cola FEMSA SAB from a neutral rating to an outperform rating in a research report on Thursday, September 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $88.25.
Coca-Cola FEMSA SAB (NYSE:KOF) traded up 0.69% during trading on Wednesday, hitting $76.43. 3,094 shares of the company’s stock were exchanged. Coca-Cola FEMSA SAB has a 12-month low of $61.17 and a 12-month high of $87.58. The firm has a market cap of $15.84 billion, a price-to-earnings ratio of 32.22 and a beta of 0.85. The company’s 50-day moving average price is $76.50 and its 200 day moving average price is $79.72.
Coca-Cola FEMSA SAB (NYSE:KOF) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.71. Coca-Cola FEMSA SAB had a net margin of 6.15% and a return on equity of 8.77%. Equities analysts forecast that Coca-Cola FEMSA SAB will post $2.92 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Comgest Global Investors S.A.S. raised its position in Coca-Cola FEMSA SAB by 16.0% in the second quarter. Comgest Global Investors S.A.S. now owns 501,670 shares of the company’s stock valued at $41,618,000 after buying an additional 69,163 shares during the period. Acadian Asset Management LLC raised its position in Coca-Cola FEMSA SAB by 46.2% in the second quarter. Acadian Asset Management LLC now owns 19,333 shares of the company’s stock valued at $1,604,000 after buying an additional 6,106 shares during the period. Americafirst Capital Management LLC purchased a new position in Coca-Cola FEMSA SAB during the second quarter valued at $315,000. Hexavest Inc. raised its position in Coca-Cola FEMSA SAB by 39.6% in the second quarter. Hexavest Inc. now owns 4,369 shares of the company’s stock valued at $362,000 after buying an additional 1,240 shares during the period. Finally, Capstone Asset Management Co. raised its position in Coca-Cola FEMSA SAB by 1.2% in the second quarter. Capstone Asset Management Co. now owns 7,912 shares of the company’s stock valued at $656,000 after buying an additional 90 shares during the period. 5.61% of the stock is owned by hedge funds and other institutional investors.
Coca-Cola FEMSA SAB Company Profile
Coca-Cola FEMSA, SAB. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities.
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