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

JPMorgan Chase & Co. lowered shares of Coca Cola Femsa (NYSE:KOF) from an overweight rating to a neutral rating in a research note published on Wednesday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has $100.00 target price on the stock.

KOF has been the topic of several other research reports. UBS Group increased their price objective on Coca Cola Femsa from $109.00 to $111.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Wall Street Zen upgraded shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Barclays reaffirmed an “equal weight” rating and set a $98.00 price target on shares of Coca Cola Femsa in a research report on Tuesday, December 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Coca Cola Femsa in a report on Friday, December 26th. Finally, Zacks Research upgraded shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

Coca Cola Femsa Trading Down 1.5%

Shares of NYSE:KOF opened at $106.96 on Wednesday. Coca Cola Femsa has a 12-month low of $76.36 and a 12-month high of $109.06. The business has a 50 day moving average of $95.00 and a 200-day moving average of $88.71. 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 cap of $182.49 billion, a PE ratio of 18.63, a P/E/G ratio of 1.38 and a beta of 0.51.

Coca Cola Femsa Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Monday, December 8th were paid a dividend of $0.9979 per share. This represents a $3.99 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Monday, December 8th. Coca Cola Femsa’s dividend payout ratio is presently 64.29%.

Institutional Trading of Coca Cola Femsa

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Boston Partners increased its stake in Coca Cola Femsa by 4,404.3% in the second quarter. Boston Partners now owns 1,681,955 shares of the company’s stock valued at $162,665,000 after acquiring an additional 1,644,614 shares during the last quarter. Auto Owners Insurance Co boosted its holdings in shares of Coca Cola Femsa by 5,257.1% in the 2nd quarter. Auto Owners Insurance Co now owns 300,000 shares of the company’s stock valued at $29,019,000 after purchasing an additional 294,400 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Coca Cola Femsa by 87.4% in the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock valued at $57,024,000 after purchasing an additional 274,894 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Coca Cola Femsa in the 3rd quarter valued at $12,584,000. Finally, Lakewood Capital Management LP acquired a new position in shares of Coca Cola Femsa during the 3rd quarter worth $10,953,000.

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.