Coca Cola Femsa (NYSE:KOF) Rating Lowered to “Neutral” at JPMorgan Chase & Co.

Coca Cola Femsa (NYSE:KOF) was downgraded by equities researchers at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued on Wednesday,Finviz reports. They presently have a $100.00 target price on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 8.16% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on KOF. Wall Street Zen raised Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Zacks Research raised shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Coca Cola Femsa in a report on Friday, December 26th. Barclays reaffirmed an “equal weight” rating and set a $98.00 target price on shares of Coca Cola Femsa in a research report on Tuesday, December 2nd. Finally, UBS Group lifted their price objective on Coca Cola Femsa from $109.00 to $111.00 and gave the company a “buy” rating in a report on Friday, January 9th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $103.00.

Coca Cola Femsa Stock Performance

Shares of NYSE:KOF opened at $108.88 on Wednesday. The firm has a fifty day simple moving average of $94.62 and a two-hundred day simple moving average of $88.58. Coca Cola Femsa has a 52 week low of $75.91 and a 52 week high of $109.06. The company has a quick ratio of 0.90, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $177.80 billion, a P/E ratio of 18.97, a PEG ratio of 1.35 and a beta of 0.51.

Institutional Investors Weigh In On Coca Cola Femsa

Several hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its stake in shares of Coca Cola Femsa by 482.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock worth $28,000 after buying an additional 275 shares during the last quarter. Huntington National Bank acquired a new position in Coca Cola Femsa in the third quarter valued at approximately $37,000. MAI Capital Management boosted its position in Coca Cola Femsa by 103.6% in the 2nd quarter. MAI Capital Management now owns 395 shares of the company’s stock worth $38,000 after purchasing an additional 201 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Coca Cola Femsa by 490.7% during the 4th quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock worth $48,000 after purchasing an additional 422 shares during the period. Finally, Triumph Capital Management acquired a new stake in shares of Coca Cola Femsa during the 3rd quarter worth approximately $49,000.

Coca Cola Femsa Company Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.