Wall Street Zen Downgrades Coca Cola Femsa (NYSE:KOF) to Hold

Coca Cola Femsa (NYSE:KOF) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

KOF has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their price target on shares of Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Weiss Ratings downgraded Coca Cola Femsa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. UBS Group reduced their target price on Coca Cola Femsa from $113.00 to $109.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Zacks Research upgraded Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Barclays reissued an “equal weight” rating and issued a $98.00 price objective on shares of Coca Cola Femsa in a report on Tuesday, December 2nd. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $104.00.

Coca Cola Femsa Trading Down 0.8%

Coca Cola Femsa stock opened at $90.55 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.90 and a current ratio of 1.10. The stock has a market cap of $152.19 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 1.34 and a beta of 0.51. The stock has a 50-day moving average of $86.12 and a two-hundred day moving average of $88.22. Coca Cola Femsa has a one year low of $72.68 and a one year high of $101.74.

Coca Cola Femsa (NYSE:KOF) last posted its quarterly earnings data on Friday, October 24th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.03. The firm had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.96 billion. Coca Cola Femsa had a net margin of 8.13% and a return on equity of 15.79%. On average, research analysts anticipate that Coca Cola Femsa will post 5.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Coca Cola Femsa

Institutional investors have recently made changes to their positions in the company. Boston Partners boosted its holdings in Coca Cola Femsa by 4,404.3% during the second quarter. Boston Partners now owns 1,681,955 shares of the company’s stock worth $162,665,000 after buying an additional 1,644,614 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of Coca Cola Femsa in the first quarter worth about $88,634,000. Bank of America Corp DE raised its position in shares of Coca Cola Femsa by 87.4% in the second quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock worth $57,024,000 after acquiring an additional 274,894 shares during the period. Cullen Capital Management LLC boosted its stake in shares of Coca Cola Femsa by 2.4% during the 2nd quarter. Cullen Capital Management LLC now owns 531,055 shares of the company’s stock worth $51,369,000 after acquiring an additional 12,312 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its position in shares of Coca Cola Femsa by 4.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 371,596 shares of the company’s stock valued at $35,944,000 after acquiring an additional 14,773 shares during the period.

About Coca Cola Femsa

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.