Coca Cola Femsa S.A.B. de C.V. (KOF) Raised to Market Perform at UBS AG

UBS AG upgraded shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) from an underperform rating to a market perform rating in a report published on Thursday morning, The Fly reports.

Other equities analysts have also issued research reports about the company. BidaskClub lowered Coca Cola Femsa S.A.B. de C.V. from a buy rating to a hold rating in a research note on Thursday, August 10th. Zacks Investment Research lowered Coca Cola Femsa S.A.B. de C.V. from a strong-buy rating to a hold rating in a research note on Wednesday, July 12th. Finally, Citigroup Inc. upgraded Coca Cola Femsa S.A.B. de C.V. from a sell rating to a neutral rating in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $85.50.

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) traded down $0.08 during trading on Thursday, hitting $68.73. The stock had a trading volume of 110,000 shares, compared to its average volume of 92,567. The stock has a market capitalization of $14,247.04, a price-to-earnings ratio of 20.16, a P/E/G ratio of 1.00 and a beta of 0.91. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.28. Coca Cola Femsa S.A.B. de C.V. has a 1 year low of $59.44 and a 1 year high of $91.85.

WARNING: “Coca Cola Femsa S.A.B. de C.V. (KOF) Raised to Market Perform at UBS AG” was first posted by Markets Daily and is the property of of Markets Daily. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://www.themarketsdaily.com/2017/11/14/coca-cola-femsa-s-a-b-de-c-v-kof-raised-to-market-perform-at-ubs-ag.html.

The business also recently announced a semiannual dividend, which will be paid on Monday, November 13th. Shareholders of record on Monday, November 6th will be paid a $0.8759 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a yield of 2.49%. Coca Cola Femsa S.A.B. de C.V.’s dividend payout ratio (DPR) is presently 51.32%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP grew its stake in shares of Coca Cola Femsa S.A.B. de C.V. by 147.1% during the third quarter. Quantbot Technologies LP now owns 1,485 shares of the company’s stock worth $114,000 after acquiring an additional 884 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Coca Cola Femsa S.A.B. de C.V. by 35.3% during the second quarter. BNP Paribas Arbitrage SA now owns 2,056 shares of the company’s stock worth $174,000 after acquiring an additional 536 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of Coca Cola Femsa S.A.B. de C.V. during the second quarter worth about $212,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of Coca Cola Femsa S.A.B. de C.V. during the second quarter worth about $229,000. Finally, Wetherby Asset Management Inc. acquired a new stake in shares of Coca Cola Femsa S.A.B. de C.V. during the second quarter worth about $237,000. Institutional investors own 6.70% of the company’s stock.

About Coca Cola Femsa S.A.B. de C.V.

Coca-Cola FEMSA, SAB. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities.

The Fly

Receive News & Ratings for Coca Cola Femsa S.A.B. de C.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca Cola Femsa S.A.B. de C.V. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply