Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) have received a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $71.50.
KOF has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Coca-Cola FEMSA from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Barclays decreased their price objective on Coca-Cola FEMSA from $73.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, March 1st. Finally, ValuEngine upgraded Coca-Cola FEMSA from a “sell” rating to a “hold” rating in a research note on Saturday, March 9th.
A number of hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in shares of Coca-Cola FEMSA by 86.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,986 shares of the company’s stock valued at $2,387,000 after purchasing an additional 18,034 shares during the period. PNC Financial Services Group Inc. boosted its stake in Coca-Cola FEMSA by 100.7% during the third quarter. PNC Financial Services Group Inc. now owns 4,716 shares of the company’s stock worth $289,000 after buying an additional 2,366 shares during the period. BlackRock Inc. increased its holdings in Coca-Cola FEMSA by 55.4% in the 3rd quarter. BlackRock Inc. now owns 16,502 shares of the company’s stock worth $1,011,000 after buying an additional 5,883 shares during the period. FMR LLC boosted its position in Coca-Cola FEMSA by 3.7% in the 3rd quarter. FMR LLC now owns 137,801 shares of the company’s stock worth $8,439,000 after purchasing an additional 4,901 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Coca-Cola FEMSA by 4.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 337,597 shares of the company’s stock valued at $20,669,000 after buying an additional 14,885 shares in the last quarter. Hedge funds and other institutional investors own 7.11% of the company’s stock.
About Coca-Cola FEMSA
Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and still beverages, such as juice drinks, coffee, teas, milk, value-added dairy, sports drinks, energy drinks, and plant-based drinks.
Further Reading: Sell-Side Analysts
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