JPMorgan Chase & Co. Issues Pessimistic Forecast for Coca Cola Femsa (NYSE:KOF) Stock Price

Coca Cola Femsa (NYSE:KOF) had its price target lowered by JPMorgan Chase & Co. from $110.00 to $105.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 21.97% from the company’s current price.

Other analysts have also issued research reports about the stock. Morgan Stanley upgraded shares of Coca Cola Femsa from an “equal weight” rating to an “overweight” rating in a research report on Monday, June 2nd. UBS Group increased their price target on Coca Cola Femsa from $109.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Barclays set a $100.00 price objective on Coca Cola Femsa and gave the company an “overweight” rating in a report on Thursday, July 31st. Zacks Research downgraded Coca Cola Femsa from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen lowered Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Sunday, July 13th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.00.

Coca Cola Femsa Trading Down 1.4%

Shares of Coca Cola Femsa stock opened at $86.09 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.12 and a quick ratio of 0.90. The business has a fifty day simple moving average of $85.70 and a two-hundred day simple moving average of $90.80. Coca Cola Femsa has a 1 year low of $72.68 and a 1 year high of $101.74. The company has a market capitalization of $144.69 billion, a price-to-earnings ratio of 15.08, a P/E/G ratio of 1.07 and a beta of 0.64.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.22). The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.89 billion. Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. Research analysts forecast that Coca Cola Femsa will post 5.7 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. CWM LLC raised its stake in shares of Coca Cola Femsa by 19.7% during the 2nd quarter. CWM LLC now owns 722 shares of the company’s stock worth $70,000 after purchasing an additional 119 shares during the period. D Orazio & Associates Inc. increased its holdings in Coca Cola Femsa by 5.3% during the second quarter. D Orazio & Associates Inc. now owns 2,747 shares of the company’s stock worth $266,000 after buying an additional 138 shares during the last quarter. Bank of New York Mellon Corp raised its position in Coca Cola Femsa by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 16,834 shares of the company’s stock worth $1,537,000 after acquiring an additional 149 shares during the period. Advisors Asset Management Inc. raised its position in Coca Cola Femsa by 0.9% in the second quarter. Advisors Asset Management Inc. now owns 16,847 shares of the company’s stock worth $1,630,000 after acquiring an additional 152 shares during the period. Finally, Ethic Inc. boosted its stake in Coca Cola Femsa by 3.4% in the second quarter. Ethic Inc. now owns 4,699 shares of the company’s stock valued at $444,000 after acquiring an additional 154 shares during the last quarter.

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.