Coca Cola Femsa (NYSE:KOF) Rating Lowered to Hold at Wall Street Zen

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

Several other research analysts also recently commented on KOF. Weiss Ratings reissued a “buy (b-)” rating on shares of Coca Cola Femsa in a research note on Friday, December 26th. UBS Group lifted their price target on shares of Coca Cola Femsa from $109.00 to $111.00 and gave the company a “buy” rating in a report on Friday, January 9th. Barclays reiterated an “equal weight” rating and set a $98.00 price objective on shares of Coca Cola Femsa in a research report on Tuesday, December 2nd. JPMorgan Chase & Co. lowered shares of Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research report on Wednesday. Finally, Zacks Research raised shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Coca Cola Femsa currently has an average rating of “Moderate Buy” and an average price target of $103.00.

Coca Cola Femsa Price Performance

Coca Cola Femsa stock opened at $104.26 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.90 and a current ratio of 1.10. Coca Cola Femsa has a 52 week low of $76.36 and a 52 week high of $109.06. The stock has a market capitalization of $174.81 billion, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 1.33 and a beta of 0.51. The stock has a fifty day moving average of $95.65 and a 200-day moving average of $88.92.

Hedge Funds Weigh In On Coca Cola Femsa

Hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC grew its stake in shares of Coca Cola Femsa by 230,700.0% in the first quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock worth $211,000 after purchasing an additional 2,307 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Coca Cola Femsa by 211.4% during the 1st quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock worth $451,000 after buying an additional 3,351 shares during the period. Truist Financial Corp lifted its holdings in Coca Cola Femsa by 43.3% during the 2nd quarter. Truist Financial Corp now owns 6,100 shares of the company’s stock worth $590,000 after buying an additional 1,843 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Coca Cola Femsa by 13.3% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,099 shares of the company’s stock valued at $493,000 after buying an additional 599 shares during the last quarter. Finally, QRG Capital Management Inc. increased its stake in shares of Coca Cola Femsa by 5.4% in the second quarter. QRG Capital Management Inc. now owns 4,245 shares of the company’s stock valued at $411,000 after buying an additional 217 shares during the period.

About Coca Cola Femsa

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.