Coca-Cola FEMSA, S.A.B. de C.V. (KOF) produces, markets, sells, and distributes Coca-Cola trademark beverages.
The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks.
It provides a portfolio of products through retail outlets, such as wholesale supermarkets, discount stores, and convenience stores; retailers, such as restaurants and bars, as well as stadiums, auditoriums, and theaters; points-of-sale outlets; and home delivery, supermarkets, and other locations. In addition, the company distributes and sells Heineken beer products in its Brazilian territories.
It operates in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.
Shares have formed a bullish "cup and handle" following the company's latest quarterly report. KOF reported 3rd Quarter September 2022 earnings of $1.03 per share on revenue of $2.8 billion. The consensus earnings estimate was $0.79 per share on revenue of $2.6 billion. Revenue grew 16.9% on a year-over-year basis.
Entry Point: $70.00
Stop Loss: $66.50
Trading Range: $50.21 - $70.25
Target Price: $77.00