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

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

Several other research firms have also commented on KOF. Bradesco Corretora upgraded shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 price target for the company in a research report on Wednesday. Barclays boosted their target price on shares of Coca Cola Femsa from $98.00 to $110.00 and gave the company an “equal weight” rating in a research note on Tuesday. Weiss Ratings restated a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Friday, December 26th. Zacks Research raised Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, JPMorgan Chase & Co. downgraded Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research report on Wednesday, January 28th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Coca Cola Femsa presently has an average rating of “Moderate Buy” and an average price target of $111.20.

Coca Cola Femsa Trading Down 1.2%

NYSE:KOF opened at $112.84 on Friday. Coca Cola Femsa has a 12-month low of $80.22 and a 12-month high of $116.36. The firm has a market capitalization of $189.65 billion, a P/E ratio of 19.66, a P/E/G ratio of 1.47 and a beta of 0.50. 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 business has a 50 day simple moving average of $100.00 and a 200 day simple moving average of $90.46.

Institutional Investors Weigh In On Coca Cola Femsa

Institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Coca Cola Femsa by 482.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock valued at $28,000 after buying an additional 275 shares during the period. Smartleaf Asset Management LLC raised its position in Coca Cola Femsa by 79.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock worth $33,000 after acquiring an additional 153 shares in the last quarter. MAI Capital Management lifted its holdings in Coca Cola Femsa by 103.6% in the 2nd quarter. MAI Capital Management now owns 395 shares of the company’s stock valued at $38,000 after acquiring an additional 201 shares during the last quarter. Huntington National Bank bought a new position in shares of Coca Cola Femsa during the 3rd quarter valued at about $37,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Coca Cola Femsa by 490.7% during the 4th quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock valued at $48,000 after purchasing an additional 422 shares in the last quarter.

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.