Coca-Cola FEMSA (KOF) is a Great Momentum Stock: Should You Buy?

23.02.24 18:00 Uhr

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Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at Coca-Cola FEMSA (KOF), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Coca-Cola FEMSA currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?In order to see if KOF is a promising momentum pick, let's examine some Momentum Style elements to see if this bottling company holds up.Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.For KOF, shares are up 3.22% over the past week while the Zacks Beverages - Soft drinks industry is up 1% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 10.38% compares favorably with the industry's 0.46% performance as well.While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Shares of Coca-Cola FEMSA have increased 18.62% over the past quarter, and have gained 39.61% in the last year. In comparison, the S&P 500 has only moved 12.01% and 29.12%, respectively.Investors should also take note of KOF's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, KOF is averaging 149,017 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with KOF.Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost KOF's consensus estimate, increasing from $6.27 to $6.53 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.Bottom LineTaking into account all of these elements, it should come as no surprise that KOF is a #1 (Strong Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Coca-Cola FEMSA on your short list.Just Released: Zacks Top 10 Stocks for 2024Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.See New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coca Cola Femsa S.A.B. de C.V. (KOF): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu Coca-Cola Co.

Analysen zu Coca-Cola Co.

DatumRatingAnalyst
14.02.2024Coca-Cola OverweightJP Morgan Chase & Co.
14.02.2024Coca-Cola BuyUBS AG
13.02.2024Coca-Cola BuyUBS AG
13.02.2024Coca-Cola OverweightJP Morgan Chase & Co.
13.02.2024Coca-Cola OutperformRBC Capital Markets
DatumRatingAnalyst
14.02.2024Coca-Cola OverweightJP Morgan Chase & Co.
14.02.2024Coca-Cola BuyUBS AG
13.02.2024Coca-Cola BuyUBS AG
13.02.2024Coca-Cola OverweightJP Morgan Chase & Co.
13.02.2024Coca-Cola OutperformRBC Capital Markets
DatumRatingAnalyst
25.04.2023Coca-Cola NeutralGoldman Sachs Group Inc.
24.04.2023Coca-Cola NeutralGoldman Sachs Group Inc.
15.02.2023Coca-Cola NeutralGoldman Sachs Group Inc.
12.02.2022Coca-Cola NeutralGoldman Sachs Group Inc.
10.02.2022Coca-Cola NeutralGoldman Sachs Group Inc.
DatumRatingAnalyst
16.02.2018Coca-Cola SellGoldman Sachs Group Inc.
10.01.2018Coca-Cola SellGoldman Sachs Group Inc.
17.11.2017Coca-Cola SellGoldman Sachs Group Inc.
16.11.2017Coca-Cola SellGoldman Sachs Group Inc.
26.10.2017Coca-Cola SellGoldman Sachs Group Inc.

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Coca-Cola Co. nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"