Coca-Cola FEMSA (NYSE:KOF) Trading 3.4% Higher – Here’s Why

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) shot up 3.4% during trading on Thursday . The stock traded as high as $98.87 and last traded at $98.29. 152,045 shares changed hands during trading, a decline of 12% from the average session volume of 172,269 shares. The stock had previously closed at $95.06.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barclays increased their price objective on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. StockNews.com downgraded Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $104.00.

Coca-Cola FEMSA Stock Performance

The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The business’s 50-day simple moving average is $86.00 and its two-hundred day simple moving average is $83.40. The firm has a market cap of $156.32 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 0.62 and a beta of 0.79.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings data on Friday, February 21st. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.51 by $0.22. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.49 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. As a group, sell-side analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Institutional Trading of Coca-Cola FEMSA

Several institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC lifted its stake in Coca-Cola FEMSA by 43.3% in the 3rd quarter. HighTower Advisors LLC now owns 4,844 shares of the company’s stock valued at $428,000 after buying an additional 1,464 shares in the last quarter. Wexford Capital LP boosted its stake in shares of Coca-Cola FEMSA by 13.8% in the third quarter. Wexford Capital LP now owns 122,930 shares of the company’s stock worth $10,906,000 after acquiring an additional 14,938 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of Coca-Cola FEMSA by 44.4% in the third quarter. Kovitz Investment Group Partners LLC now owns 9,311 shares of the company’s stock worth $825,000 after acquiring an additional 2,865 shares during the last quarter. National Bank of Canada FI increased its position in shares of Coca-Cola FEMSA by 54,847.8% during the third quarter. National Bank of Canada FI now owns 25,276 shares of the company’s stock worth $2,242,000 after purchasing an additional 25,230 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Coca-Cola FEMSA in the 3rd quarter valued at $361,000.

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.