The stock of Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF) is a huge mover today! About 113,965 shares traded hands or 17.27% up from the average. Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF) has declined 1.16% since March 7, 2016 and is downtrending. It has underperformed by 8.75% the S&P500.
The move comes after 9 months positive chart setup for the $5.29B company. It was reported on Oct, 10 by Barchart.com. We have $106.24 PT which if reached, will make NYSE:KOF worth $1.75 billion more.
Analysts await Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF) to report earnings on October, 26. They expect $0.63 EPS, up 8.62% or $0.05 from last year’s $0.58 per share. KOF’s profit will be $41.72 million for 31.70 P/E if the $0.63 EPS becomes a reality. After $0.54 actual EPS reported by Coca-Cola FEMSA, S.A.B. de C.V. (ADR) for the previous quarter, Wall Street now forecasts 16.67% EPS growth.
Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF) Ratings Coverage
Out of 7 analysts covering Coca-Cola FEMSA (NYSE:KOF), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. Coca-Cola FEMSA has been the topic of 14 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Reduce” rating given on Monday, January 11 by Nomura. As per Friday, January 15, the company rating was downgraded by Goldman Sachs. Credit Suisse upgraded Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF) on Thursday, September 8 to “Outperform” rating. The firm has “Hold” rating by Santander given on Friday, September 11. Barclays Capital maintained the shares of KOF in a report on Monday, March 7 with “Overweight” rating. Citigroup upgraded Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF) on Wednesday, September 14 to “Neutral” rating. The stock has “Neutral” rating given by JP Morgan on Friday, June 3. The stock of Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF) has “Neutral” rating given on Monday, January 18 by Goldman Sachs.
According to Zacks Investment Research, “Coca-Cola Femsa S.A., through its subsidiaries, produces, markets and distributes soft drinks throughout the metropolitan area of Mexico City, in Southeastern Mexico and in metropolitan Buenos Aires, Argentina. The Company produces Coca-Cola, Sprite, Fresca, Quatro, Powerade, Extra Poma, Etiqueta Azul and Kin.”
More news for Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF) were recently published by: Marketwatch.com, which released: “Coca-Cola Femsa SAB de CV ADR” on December 21, 2009. Benzinga.com‘s article titled: “Coca-Cola FEMSA Gets Third Downgrade Of 2016” and published on July 25, 2016 is yet another important article.
KOF Company Profile
Coca-Cola FEMSA, S.A.B. de C.V., incorporated on November 30, 1991, is a franchise bottler of Coca-Cola trademark beverages across the world. The Firm and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities. The Company’s divisions include Mexico and Central America division, which comprises Mexico (including corporate operations), Guatemala, Nicaragua, Costa Rica and Panama; the South America division, which consists of Brazil, Argentina and Colombia; Venezuela, which operates in an economy with exchange control and hyper-inflation, and the Asian division, which consists of the Company’s equity method investment in Coca-Cola FEMSA Philippines, Inc. (CCFPI). The Coca-Cola trademark beverages include sparkling beverages (colas and flavored sparkling beverages), waters and still beverages (including juice drinks, coffee, teas, milk, value-added dairy and isotonic drinks).
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