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

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

Separately, Barclays boosted their price target 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, March 4th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $104.00.

Coca-Cola FEMSA Trading Down 4.0 %

Coca-Cola FEMSA stock opened at $93.01 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. The firm’s 50 day moving average price is $86.00 and its 200-day moving average price is $83.40. Coca-Cola FEMSA has a 1 year low of $72.68 and a 1 year high of $102.28. The stock has a market cap of $156.32 billion, a P/E ratio of 15.79, a PEG ratio of 0.62 and a beta of 0.79.

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

Hedge Funds Weigh In On Coca-Cola FEMSA

Large investors have recently bought and sold shares of the business. Corvex Management LP grew its stake in Coca-Cola FEMSA by 138.9% in 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 in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Coca-Cola FEMSA by 90.5% during the third quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock valued at $70,672,000 after purchasing an additional 378,325 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Coca-Cola FEMSA by 14.7% during the fourth 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. Northern Trust Corp increased its holdings in shares of Coca-Cola FEMSA by 113.8% in the 4th quarter. Northern Trust Corp now owns 166,994 shares of the company’s stock valued at $13,007,000 after acquiring an additional 88,873 shares during the period. Finally, BLI Banque de Luxembourg Investments purchased a new stake in shares of Coca-Cola FEMSA during the 4th quarter worth $6,533,000.

About Coca-Cola FEMSA

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.