Coca Cola Femsa (NYSE:KOF) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Coca Cola Femsa (NYSE:KOF) had its price target lifted by research analysts at JPMorgan Chase & Co. from $100.00 to $110.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 7.92% from the company’s previous close.

KOF has been the topic of several other research reports. Bradesco Corretora upgraded Coca Cola Femsa to an “outperform” rating and set a $124.00 price target on the stock in a research report on Wednesday, February 11th. Bank of America restated a “buy” rating on shares of Coca Cola Femsa in a research report on Monday, March 2nd. UBS Group lowered Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Thursday, March 12th. The Goldman Sachs Group lifted their price objective on Coca Cola Femsa from $97.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, Wall Street Zen raised Coca Cola Femsa from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $113.60.

Coca Cola Femsa Stock Performance

KOF stock traded down $1.28 during trading on Thursday, hitting $101.93. The company had a trading volume of 55,391 shares, compared to its average volume of 203,111. The firm has a market cap of $171.31 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 1.10 and a beta of 0.54. Coca Cola Femsa has a 1-year low of $80.22 and a 1-year high of $116.36. The firm has a 50-day moving average price of $104.12 and a 200-day moving average price of $96.01. The company has a quick ratio of 0.91, a current ratio of 1.12 and a debt-to-equity ratio of 0.47.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings results on Saturday, February 14th. The company reported $2.00 earnings per share (EPS) for the quarter. The firm had revenue of $4.31 billion for the quarter. Coca Cola Femsa had a return on equity of 15.97% and a net margin of 8.18%. On average, analysts expect that Coca Cola Femsa will post 5.7 earnings per share for the current year.

Institutional Investors Weigh In On Coca Cola Femsa

Institutional investors have recently added to or reduced their stakes in the business. Seafarer Capital Partners LLC raised its holdings in Coca Cola Femsa by 31.8% in the 3rd quarter. Seafarer Capital Partners LLC now owns 29,000 shares of the company’s stock valued at $2,410,000 after acquiring an additional 7,000 shares during the last quarter. ABS Direct Equity Fund LLC raised its holdings in Coca Cola Femsa by 146.9% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 18,900 shares of the company’s stock valued at $1,571,000 after acquiring an additional 11,246 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Coca Cola Femsa by 7.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock valued at $18,750,000 after acquiring an additional 14,687 shares during the last quarter. Federated Hermes Inc. raised its holdings in Coca Cola Femsa by 23.0% in the 3rd quarter. Federated Hermes Inc. now owns 189,650 shares of the company’s stock valued at $15,760,000 after acquiring an additional 35,477 shares during the last quarter. Finally, Oxbow Advisors LLC acquired a new position in Coca Cola Femsa in the 3rd quarter valued at $2,826,000.

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.