Coca Cola Femsa (NYSE:KOF) Stock Rating Lowered by Wall Street Zen

Coca Cola Femsa (NYSE:KOF) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Several other research analysts also recently commented on the company. Barclays dropped their price target on Coca Cola Femsa from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. JPMorgan Chase & Co. dropped their target price on shares of Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Zacks Research cut shares of Coca Cola Femsa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 24th. Finally, Weiss Ratings lowered shares of Coca Cola Femsa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $105.33.

Coca Cola Femsa Stock Performance

Shares of KOF opened at $90.42 on Friday. The company has a market capitalization of $151.97 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 1.08 and a beta of 0.61. Coca Cola Femsa has a one year low of $72.68 and a one year high of $101.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.90. The company’s fifty day moving average price is $84.58 and its 200 day moving average price is $89.03.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings results 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 company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.96 billion. Coca Cola Femsa had a return on equity of 15.79% and a net margin of 8.13%. As a group, analysts expect that Coca Cola Femsa will post 5.7 earnings per share for the current year.

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. MAI Capital Management lifted its stake in Coca Cola Femsa by 103.6% during the second quarter. MAI Capital Management now owns 395 shares of the company’s stock worth $38,000 after purchasing an additional 201 shares during the period. Bruce G. Allen Investments LLC acquired a new position in Coca Cola Femsa in the second quarter valued at about $44,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Coca Cola Femsa by 46.8% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 678 shares of the company’s stock worth $66,000 after buying an additional 216 shares in the last quarter. CWM LLC raised its stake in shares of Coca Cola Femsa by 19.7% in the second quarter. CWM LLC now owns 722 shares of the company’s stock valued at $70,000 after acquiring an additional 119 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Coca Cola Femsa by 186.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 923 shares of the company’s stock worth $89,000 after acquiring an additional 601 shares in 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.