Coca-Cola FEMSA (NYSE:KOF) Announces Earnings Results

Coca-Cola FEMSA (NYSE:KOF) announced its quarterly earnings results on Friday. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.22, Zacks reports. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%.

Coca-Cola FEMSA Stock Performance

KOF traded up $2.59 during trading on Friday, hitting $87.53. 202,638 shares of the company traded hands, compared to its average volume of 190,506. The firm has a market cap of $147.11 billion, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 0.61 and a beta of 0.83. The stock’s fifty day moving average is $78.64 and its 200 day moving average is $82.89. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. Coca-Cola FEMSA has a one year low of $72.68 and a one year high of $102.28.

Analyst Ratings Changes

Several analysts have recently issued reports on KOF shares. StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Barclays reduced their target price on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, Citigroup upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and upped their target price for the stock from $93.00 to $102.00 in a research note on Tuesday, October 29th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $104.75.

Coca-Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.