Coca Cola Femsa (NYSE:KOF) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Coca Cola Femsa (NYSE:KOF) from a hold rating to a strong sell rating in a report issued on Wednesday,Zacks.com reports.

KOF has been the subject of several other research reports. Wall Street Zen lowered shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Sunday, July 13th. JPMorgan Chase & Co. cut their target price on shares of Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Morgan Stanley raised shares of Coca Cola Femsa from an “equal weight” rating to an “overweight” rating in a research report on Monday, June 2nd. UBS Group boosted their target price on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Finally, Barclays set a $100.00 target price on shares of Coca Cola Femsa and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Coca Cola Femsa has a consensus rating of “Moderate Buy” and an average price target of $105.00.

Coca Cola Femsa Trading Up 0.8%

Coca Cola Femsa stock opened at $84.34 on Wednesday. The company’s fifty day simple moving average is $84.81 and its 200-day simple moving average is $90.65. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.54. Coca Cola Femsa has a 12 month low of $72.68 and a 12 month high of $101.74. The stock has a market cap of $141.75 billion, a P/E ratio of 14.77, a P/E/G ratio of 1.07 and a beta of 0.64.

Coca Cola Femsa (NYSE:KOF) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.22). Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. The company had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.89 billion. As a group, sell-side analysts forecast that Coca Cola Femsa will post 5.7 EPS for the current fiscal year.

Coca Cola Femsa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 28th. Investors of record on Tuesday, July 15th were paid a $0.874 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $3.50 dividend on an annualized basis and a yield of 4.1%. Coca Cola Femsa’s payout ratio is presently 60.42%.

Institutional Trading of Coca Cola Femsa

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. grew its stake in Coca Cola Femsa by 5.0% during the second quarter. Osaic Holdings Inc. now owns 14,026 shares of the company’s stock worth $1,354,000 after buying an additional 662 shares during the last quarter. Squarepoint Ops LLC grew its stake in Coca Cola Femsa by 106.5% during the second quarter. Squarepoint Ops LLC now owns 8,920 shares of the company’s stock worth $863,000 after buying an additional 4,600 shares during the last quarter. Vident Advisory LLC grew its stake in Coca Cola Femsa by 9.6% during the second quarter. Vident Advisory LLC now owns 6,063 shares of the company’s stock worth $587,000 after buying an additional 532 shares during the last quarter. Bank of America Corp DE grew its stake in Coca Cola Femsa by 87.4% during the second quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock worth $57,024,000 after buying an additional 274,894 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of Coca Cola Femsa by 163.7% during the second quarter. Raymond James Financial Inc. now owns 70,936 shares of the company’s stock valued at $6,862,000 after purchasing an additional 44,039 shares during the last quarter.

Coca Cola Femsa Company Profile

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.