Barclays Maintains Overweight Rating for Coca-Cola Femsa: Here's What You Need To Know

Barclays has decided to maintain its Overweight rating of Coca-Cola Femsa KOF and raise its price target from $65.00 to $72.00.

Shares of Coca-Cola Femsa are trading up 1.67% over the last 24 hours, at $62.65 per share.

A move to $72.00 would account for a 14.92% increase from the current share price.

About Coca-Cola Femsa

Coca-Cola Femsa, a subsidiary of Femsa, is the largest franchise bottler of The Coca-Cola Company (TCCC) by volume. The firm primarily purchases beverage concentrates from TCCC, which it processes and packages, and then distributes the finished trademark beverages to on- and off-premises retailers. While Mexico and Brazil are Coca-Cola Femsa's most important markets, generating roughly 80% of volume, the firm operates in other Central and South American countries, including Panama, Guatemala, Uruguay, and Argentina. The equity value of the firm is divvied up between Femsa (which owns series A shares), TCCC (series D), and the public, holding 47%, 28%, and 25% economic interests, respectively. Series A and D shares control 89% of the voting rights and are not publicly listed.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.