Coca-Cola Femsa, listed on the New York Stock Exchange as KOF, received a significant upgrade from Wall Street Zen, moving from a “hold” rating to a “buy” rating. This change reflects growing confidence in the company’s performance and potential for future growth.
Analysts Weigh In on Coca-Cola Femsa
Several other research firms have also provided insights into Coca-Cola Femsa. On December 2, Barclays maintained an “equal weight” rating while setting a price target of $98.00 for the shares. Similarly, Zacks Research recently adjusted its rating from “strong sell” to “hold” on November 11. On December 19, Weiss Ratings upgraded the stock from a “hold (c+)” rating to a “buy (b-)” rating.
In contrast, JPMorgan Chase & Co. reduced their price target from $110.00 to $105.00 while maintaining a “neutral” rating as of September 15. Meanwhile, UBS Group lowered its price target from $113.00 to $109.00 on November 12, while still rating the stock as a “buy.” Currently, three analysts have issued a buy rating, while three others have opted for a hold rating. Data from MarketBeat.com indicates a consensus rating of “Moderate Buy” with a target price averaging $104.00.
Coca-Cola Femsa’s Recent Earnings Report
Coca-Cola Femsa disclosed its latest earnings results on October 24, 2023, reporting earnings per share (EPS) of $1.51, exceeding analysts’ expectations of $1.48 by $0.03. The company generated revenue of $3.88 billion during the quarter, slightly below the consensus estimate of $3.96 billion. Despite the revenue miss, the firm posted a net margin of 8.13% and a return on equity of 15.79%, showcasing solid financial health.
Looking ahead, analysts predict that Coca-Cola Femsa will achieve an EPS of 5.7 for the current fiscal year, indicating optimistic growth prospects.
Institutional Investor Activity
Recent activity among large investors shows a notable increase in interest towards Coca-Cola Femsa. For instance, Russell Investments Group Ltd. increased its stake by 40.5% in the first quarter, now holding 4,499 shares valued at approximately $411,000 after acquiring an additional 1,298 shares. Additionally, Wellington Management Group LLP purchased new shares worth $2,568,000 during the same period.
Furthermore, Northwestern Mutual Wealth Management Co. raised its investment by 23.6%, now possessing 10,544 shares valued at around $963,000 after adding 2,015 shares. NewEdge Advisors LLC significantly boosted its holdings by an astonishing 230,700.0%, acquiring 2,308 shares valued at $211,000.
Finally, Jones Financial Companies Lllp also expanded its position by 211.4%, now owning 4,936 shares worth approximately $451,000 following the acquisition of an additional 3,351 shares.
Coca-Cola Femsa operates as a major multinational beverage bottler and distributor, primarily in Mexico and across various Latin American markets. As a key franchise bottler for The Coca-Cola Company, the firm is responsible for the production, packaging, marketing, and distribution of Coca-Cola branded beverages, along with a diverse range of non-alcoholic drinks. Its extensive product offerings include carbonated soft drinks, bottled water, juices, ready-to-drink teas and coffees, sports and energy drinks, among others.
