Coca Cola Femsa (NYSE:KOF) Cut to Hold at UBS Group

UBS Group cut shares of Coca Cola Femsa (NYSE:KOF) from a buy rating to a hold rating in a research note issued to investors on Thursday, Marketbeat.com reports.

Several other research analysts have also weighed in on KOF. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Coca Cola Femsa in a research note on Friday, December 26th. Wall Street Zen raised shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. The Goldman Sachs Group upped their price objective on shares of Coca Cola Femsa from $97.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Bradesco Corretora raised shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 price objective for the company in a research report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. downgraded shares of Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 target price for the company. in a report on Wednesday, January 28th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Coca Cola Femsa presently has a consensus rating of “Moderate Buy” and an average target price of $111.60.

Coca Cola Femsa Trading Down 2.4%

Shares of Coca Cola Femsa stock opened at $97.02 on Thursday. Coca Cola Femsa has a 52 week low of $80.22 and a 52 week high of $116.36. The business’s fifty day simple moving average is $105.44 and its 200-day simple moving average is $93.74. The company has a quick ratio of 0.91, a current ratio of 1.12 and a debt-to-equity ratio of 0.47.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings results on Tuesday, February 24th. The company reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.04). The business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Coca Cola Femsa had a return on equity of 15.97% and a net margin of 8.18%. Research analysts predict that Coca Cola Femsa will post 5.7 earnings per share for the current year.

Institutional Trading of Coca Cola Femsa

Several hedge funds have recently made changes to their positions in the business. Boston Partners boosted its stake in shares of 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 purchasing an additional 1,644,614 shares during the period. Bank of America Corp DE increased its stake in Coca Cola Femsa by 87.4% during the 2nd 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 period. Cullen Capital Management LLC lifted its holdings in Coca Cola Femsa by 2.4% during the 2nd quarter. Cullen Capital Management LLC now owns 531,055 shares of the company’s stock worth $51,369,000 after buying an additional 12,312 shares in the last quarter. Invesco Ltd. lifted its holdings in Coca Cola Femsa by 3.6% during the 4th quarter. Invesco Ltd. now owns 311,979 shares of the company’s stock worth $29,547,000 after buying an additional 10,713 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Coca Cola Femsa by 7.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock valued at $18,750,000 after buying an additional 14,687 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.