Coca-Cola FEMSA stock: Barclays lifts target, rating unchanged

Barclays raised its price target for Coca-Cola FEMSA on Tuesday, November 3, while keeping an Equal-Weight rating on the bottler. MarketBeat reported that the brokerage lifted its target from 122 to 125 US dollars, a move that raises the valuation reference without changing the cautious rating stance.

The analyst action followed Coca-Cola FEMSA's third-quarter results released on October 26. The company reported revenue of 4.41 billion US dollars, above the 4.36 billion US dollar consensus cited by MarketBeat, while earnings per share of 1.72 US dollars fell short of the 1.89 US dollar estimate. The mixed result explains why the higher target did not come with a more bullish recommendation.

Operational momentum remains visible

In its third-quarter results, FEMSA said Coca-Cola FEMSA increased volume by 5.3 percent. Revenue rose 10.9 percent, or 11.3 percent on a currency-neutral basis, while operating income advanced 15.4 percent and 16.4 percent on a currency-neutral basis.

Majority net income increased 5.5 percent. The company also reported earnings per share of 0.37 Mexican pesos and said the quarter delivered record consolidated volume, with growth across all operating regions.

Chief Executive Officer Ian Craig said the company gained market share and maintained a strong competitive position in Mexico despite challenging consumer conditions. He also pointed to double-digit operating-income growth in Brazil and Colombia, as well as continued progress in digital transformation. Those comments frame the quarter as an execution story, even though the earnings miss leaves margins, foreign-exchange effects and consumer demand important for the next results.

Higher target, unchanged stance

MarketBeat said the broader analyst view remained cautious, with four Buy ratings and six Hold ratings producing a consensus Hold rating and an average target of 121.43 US dollars. Barclays' new objective is therefore above that average, but its Equal-Weight stance signals that the broker does not see enough evidence to shift toward an outright positive view.

Coca-Cola FEMSA stock traded at 103.75 euros on Lang & Schwarz at 14:01 CET on Thursday, November 5, 2026.

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