Coca-Cola FEMSA S.A.B. de C.V. (KOF): Why its showing bull behavior?


Coca-Cola FEMSA S.A.B. de C.V. (NYSE:KOF) changes shares on Friday trading session, with a change of 2.25% or $1.03 shares. The trading starts at $46.45 and closed at $45.74 throughout the day. The trading session low price was $46.16 and day high was $47.22 on Friday, June 19. After the session, the Consumer Defensive sector daily volume shifted to 0.29 million while its average volume is 194.11K. In other hand, the KOF market cap reached to $2.41B. While, its current target price is $46.77 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 5.43% and up 17.04% for month. Its quarterly performance was 13.93% above, while its half year performance is down -24.49%. KOF yearly performance stood at negative -26.77% and fall -22.85% for year-to-date. Current recommendation for Coca-Cola FEMSA S.A.B. de C.V. is 2.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. KOF EPS (TTM) for 12-month is 2.52. EPS for this year is 14.80%, while for the next year its value is 2.84. Its EPS Q/Q reached -1.90%. It has an EPS of 2.50% up for past five years and for the next five years will be down -0.10%.

Let’s take a look on the analyst recommendations on KOF for the current month and previous month. For the current month, 11 of 18 analysts recommend stock as Buy while 0 as Sell, 2 as overweight, 0 as underweight and 5 as Hold. As compared with the previous month ratings, 20 analysts participate in stock recommendation. Out of 20, 0 rated it sell, 12 rated it as Buy and 7 as Hold Ratings. On the other hand, target price ranges from $1030.00-$1400.00. Average target price for KOF was reached at $1241.34.

Bill & Melinda Gates Foundation Trust, Macquarie Group Limited and Renaissance Technologies, LLC are the top three holders in Coca-Cola FEMSA S.A.B. de C.V. (KOF) stock. On Mar 30, 2020, Bill & Melinda Gates Foundation Trust has 6.21 million shares which valued 250.02 million. On Mar 30, 2020, Macquarie Group Limited owned 2.18 million shares which valued at 87.52 million. On Mar 30, 2020, Renaissance Technologies, LLC has a total of 1.73 million shares which valued at 69.77 million. In the end, Renaissance Technologies, LLC have 3.30% shares outstanding of Coca-Cola FEMSA S.A.B. de C.V. (KOF) on Mar 30, 2020. The insider ownership moved to 85.50% and institutional holding shifted to 32.20%.

The company posted an EPS (TTM) of 2.52. According to the most recent quarter report on (Jun 2020), 3 analysts estimated an average EPS of 0.63, while 0.87 EPS posted a year ago period. Analyst Estimated EPS for KOF published in the report was 0.59-0.7 during the same period. Comparing with last year, the average estimated EPS was 0.87 which is higher than 0.61 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for KOF fall -12.71% for period of 200 days. SMA for 50 days was 11.61% which is showing green signal, while SMA-20 was 6.16%. The moving average value for Coca-Cola FEMSA S.A.B. de C.V. (KOF) is 50.88 and 42.39 for 200 and 50 days respectively.