Coca-Cola FEMSA (NYSE:KOF) Downgraded to “Sell” at ValuEngine

Share on StockTwits

Coca-Cola FEMSA (NYSE:KOF) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Thursday, ValuEngine reports.

KOF has been the topic of a number of other research reports. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and set a $70.00 price objective on the stock in a report on Tuesday, January 7th. Bank of America upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Friday, November 1st. Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, January 21st. Finally, Zacks Investment Research upgraded Coca-Cola FEMSA from a “hold” rating to a “strong-buy” rating and set a $71.00 price objective on the stock in a report on Saturday, February 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $68.50.

NYSE:KOF opened at $64.46 on Thursday. The stock’s 50 day moving average price is $62.00 and its 200 day moving average price is $60.04. Coca-Cola FEMSA has a 52 week low of $54.14 and a 52 week high of $69.00. The company has a market capitalization of $13.50 billion, a P/E ratio of 16.83, a P/E/G ratio of 1.90 and a beta of 0.61. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.93 and a current ratio of 1.10.

A number of large investors have recently added to or reduced their stakes in KOF. Marshall Wace LLP acquired a new position in Coca-Cola FEMSA during the first quarter valued at approximately $26,000. Advisor Group Inc. grew its holdings in Coca-Cola FEMSA by 72.4% during the fourth quarter. Advisor Group Inc. now owns 538 shares of the company’s stock valued at $32,000 after purchasing an additional 226 shares during the last quarter. NEXT Financial Group Inc acquired a new position in Coca-Cola FEMSA during the fourth quarter valued at approximately $46,000. NumerixS Investment Technologies Inc acquired a new position in Coca-Cola FEMSA during the fourth quarter valued at approximately $55,000. Finally, Tower Research Capital LLC TRC grew its holdings in Coca-Cola FEMSA by 160.8% during the third quarter. Tower Research Capital LLC TRC now owns 1,849 shares of the company’s stock valued at $112,000 after purchasing an additional 1,140 shares during the last quarter. Hedge funds and other institutional investors own 6.98% of the company’s stock.

Coca-Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and still beverages, such as juice drinks, coffee, teas, milk, value-added dairy, sports drinks, energy drinks, and plant-based drinks.

See Also: How is the LIBOR rate calculated?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Coca-Cola FEMSA (NYSE:KOF)

Receive News & Ratings for Coca-Cola FEMSA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola FEMSA and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

L Brands  Issues Q4 Earnings Guidance
L Brands Issues Q4 Earnings Guidance
Repligen  Updates FY20 Earnings Guidance
Repligen Updates FY20 Earnings Guidance
Melco Resorts & Entertainment  Posts  Earnings Results, Misses Estimates By $0.13 EPS
Melco Resorts & Entertainment Posts Earnings Results, Misses Estimates By $0.13 EPS
Norwegian Cruise Line  Issues Q1 Earnings Guidance
Norwegian Cruise Line Issues Q1 Earnings Guidance
Pacira Biosciences  Releases Quarterly  Earnings Results
Pacira Biosciences Releases Quarterly Earnings Results
Henry Schein  Releases  Earnings Results, Beats Estimates By $0.06 EPS
Henry Schein Releases Earnings Results, Beats Estimates By $0.06 EPS


 
© 2006-2020 Zolmax.