Coca-Cola FEMSA (NYSE:KOF) Cut to Buy at StockNews.com

StockNews.com cut shares of Coca-Cola FEMSA (NYSE:KOF) from a strong-buy rating to a buy rating in a report issued on Tuesday.

Separately, Barclays increased their target price on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Coca-Cola FEMSA presently has a consensus rating of “Buy” and an average price target of $104.00.

Coca-Cola FEMSA Stock Up 0.0 %

KOF stock opened at $87.30 on Tuesday. Coca-Cola FEMSA has a 12-month low of $72.68 and a 12-month high of $102.28. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The company has a market cap of $146.71 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 0.62 and a beta of 0.83. The company has a 50 day moving average of $80.11 and a two-hundred day moving average of $82.88.

Coca-Cola FEMSA (NYSE:KOF) last released its earnings results on Friday, February 21st. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.22. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.49 billion. On average, equities analysts anticipate that Coca-Cola FEMSA will post 5.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KOF. Corvex Management LP lifted its holdings in shares of Coca-Cola FEMSA by 138.9% during the 4th quarter. Corvex Management LP now owns 1,066,108 shares of the company’s stock worth $83,039,000 after acquiring an additional 619,931 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Coca-Cola FEMSA by 90.5% in the third quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock worth $70,672,000 after acquiring an additional 378,325 shares during the last quarter. Itau Unibanco Holding S.A. raised its stake in shares of Coca-Cola FEMSA by 59.8% in the third quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock worth $68,297,000 after acquiring an additional 304,197 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Coca-Cola FEMSA by 14.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock worth $95,496,000 after buying an additional 157,530 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Coca-Cola FEMSA by 73.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company’s stock worth $23,160,000 after buying an additional 110,926 shares during the period.

Coca-Cola FEMSA Company Profile

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.