Coca Cola Femsa (NYSE:KOF) Announces Earnings Results, Meets Estimates

Coca Cola Femsa (NYSE:KOF) released its quarterly earnings results on Tuesday. The company reported $1.95 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.95, Zacks reports. Coca Cola Femsa had a net margin of 8.13% and a return on equity of 15.79%.

Coca Cola Femsa Stock Performance

Shares of KOF stock opened at $109.08 on Tuesday. Coca Cola Femsa has a 52 week low of $80.22 and a 52 week high of $116.36. The firm has a 50 day moving average of $102.28 and a two-hundred day moving average of $91.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.90.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Bradesco Corretora raised shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 target price on the stock in a research report on Wednesday, February 11th. Wall Street Zen raised Coca Cola Femsa from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. JPMorgan Chase & Co. lowered Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a report on Wednesday, January 28th. UBS Group raised their target price on shares of Coca Cola Femsa from $109.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Finally, Barclays increased their price target on shares of Coca Cola Femsa from $98.00 to $110.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 10th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.20.

Hedge Funds Weigh In On Coca Cola Femsa

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its position in shares of Coca Cola Femsa by 230,700.0% during the first quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock worth $211,000 after purchasing an additional 2,307 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Coca Cola Femsa by 211.4% in the first quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock valued at $451,000 after purchasing an additional 3,351 shares during the last quarter. CW Advisors LLC acquired a new position in shares of Coca Cola Femsa during the 2nd quarter worth approximately $260,000. EverSource Wealth Advisors LLC lifted its stake in Coca Cola Femsa by 186.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 923 shares of the company’s stock valued at $89,000 after buying an additional 601 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in Coca Cola Femsa by 11.9% during the second quarter. Qube Research & Technologies Ltd now owns 121,761 shares of the company’s stock worth $11,778,000 after buying an additional 12,979 shares in the last quarter.

About Coca Cola Femsa

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.