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

Barclays has decided to maintain its Overweight rating of Coca-Cola Femsa SAB de KOF and raise its price target from $91.00 to $95.00.

Shares of Coca-Cola Femsa SAB de are trading up 1.08% over the last 24 hours, at $84.67 per share.

A move to $95.00 would account for a 12.19% increase from the current share price.

About Coca-Cola Femsa SAB de

Coca-Cola Femsa, a subsidiary of Femsa, is the largest franchise bottler of wide-moat Coca-Cola in unit case volume terms. The company purchases beverage concentrates and syrup from Coca-Cola, which it then processes and packages for distribution through on-trade and off-trade channels, including retailers and food-service providers. Mexico and Brazil make up 80% of total sales for Coca-Cola Femsa, with the rest from other Central and South American countries, including Panama, Guatemala, Uruguay, and Argentina. Parent Femsa and Coca-Cola hold 47% and 28% of economic interests in Coca-Cola Femsa, through nonpublicly traded A and D shares, respectively, while controlling 56% and 33% of the respective voting rights.

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