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

Coca Cola Femsa (NYSE:KOF) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

Several other equities research analysts also recently commented on the stock. HSBC reissued a “hold” rating and set a $116.00 target price on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. UBS Group raised their price target on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca Cola Femsa in a research note on Wednesday, August 26th. Barclays boosted their price objective on Coca Cola Femsa from $115.00 to $122.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. increased their price objective on Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $118.83.

Coca Cola Femsa Price Performance

Shares of KOF opened at $110.49 on Friday. The business’s fifty day moving average is $108.61 and its 200 day moving average is $105.61. Coca Cola Femsa has a 12-month low of $80.22 and a 12-month high of $117.09. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.48. The stock has a market cap of $185.70 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.49 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. The business had revenue of $4.36 billion during the quarter. Sell-side analysts anticipate that Coca Cola Femsa will post 7.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coca Cola Femsa

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd increased its position in shares of Coca Cola Femsa by 482.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock valued at $28,000 after acquiring an additional 275 shares during the last quarter. Smartleaf Asset Management LLC boosted 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 purchasing an additional 153 shares during the last quarter. Whipplewood Advisors LLC grew its stake in Coca Cola Femsa by 862.2% in the 1st quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock valued at $42,000 after purchasing an additional 388 shares during the period. Global Retirement Partners LLC grew its stake in Coca Cola Femsa by 138.9% in the 4th quarter. Global Retirement Partners LLC now owns 516 shares of the company’s stock valued at $49,000 after purchasing an additional 300 shares during the period. Finally, Triumph Capital Management bought a new position in Coca Cola Femsa in the 3rd quarter valued at $49,000.

About Coca Cola Femsa

Coca-Cola FEMSA, SAB. de C.V. is a Latin American beverage company and the largest franchise bottler of Coca-Cola products by sales volume. The company manufactures, markets, sells and distributes beverages under brands owned or licensed by The Coca-Cola Company, including Coca-Cola, Sprite, Fanta, Powerade and Dasani, along with local soft-drink, water, juice and other beverage brands.

The company serves consumers through a broad distribution network spanning Mexico, Central and South America, with operations in markets including Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina and Uruguay.