Coca-Cola FEMSA (NYSE:KOF) Downgraded by Zacks Investment Research

Coca-Cola FEMSA (NYSE:KOFGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “Coca-Cola Femsa S.A., through its subsidiaries, produces, markets and distributes soft drinks throughout the metropolitan area of Mexico City, in Southeastern Mexico and in metropolitan Buenos Aires, Argentina. The Company produces Coca-Cola, Sprite, Fresca, Quatro, Powerade, Extra Poma, Etiqueta Azul and Kin. “

Several other analysts have also weighed in on KOF. StockNews.com started coverage on shares of Coca-Cola FEMSA in a report on Thursday, March 31st. They set a “strong-buy” rating for the company. HSBC lowered shares of Coca-Cola FEMSA from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a report on Thursday, January 20th. Finally, The Goldman Sachs Group lowered shares of Coca-Cola FEMSA from a “buy” rating to a “neutral” rating and set a $59.00 price objective for the company. in a report on Tuesday, January 18th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola FEMSA has an average rating of “Buy” and an average target price of $59.00.

NYSE:KOF opened at $54.20 on Wednesday. Coca-Cola FEMSA has a 12-month low of $46.62 and a 12-month high of $59.07. The company has a quick ratio of 1.48, a current ratio of 1.74 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $91.09 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 2.84 and a beta of 0.86. The firm has a 50-day moving average price of $54.05 and a 200 day moving average price of $53.47.

Coca-Cola FEMSA (NYSE:KOFGet Rating) last posted its quarterly earnings results on Thursday, February 24th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.42. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.50 billion. Coca-Cola FEMSA had a net margin of 8.07% and a return on equity of 12.90%. On average, research analysts expect that Coca-Cola FEMSA will post 3.22 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the business. Capital Analysts LLC boosted its stake in Coca-Cola FEMSA by 20.5% in the fourth quarter. Capital Analysts LLC now owns 1,672 shares of the company’s stock valued at $92,000 after acquiring an additional 284 shares during the last quarter. Veracity Capital LLC boosted its stake in Coca-Cola FEMSA by 4.7% in the first quarter. Veracity Capital LLC now owns 6,529 shares of the company’s stock valued at $359,000 after acquiring an additional 295 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in Coca-Cola FEMSA by 3.5% in the third quarter. Advisor Group Holdings Inc. now owns 9,475 shares of the company’s stock valued at $531,000 after acquiring an additional 316 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Coca-Cola FEMSA during the first quarter worth $26,000. Finally, Moloney Securities Asset Management LLC boosted its position in shares of Coca-Cola FEMSA by 4.2% during the fourth quarter. Moloney Securities Asset Management LLC now owns 9,850 shares of the company’s stock worth $540,000 after purchasing an additional 400 shares in the last quarter. 4.46% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola FEMSA Company Profile (Get Rating)

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and still beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks.

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