UBS Group Issues Pessimistic Forecast for Coca Cola Femsa (NYSE:KOF) Stock Price

Coca Cola Femsa (NYSE:KOF) had its target price reduced by equities researchers at UBS Group from $113.00 to $109.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 20.64% from the stock’s previous close.

A number of other brokerages have also commented on KOF. Zacks Research lowered shares of Coca Cola Femsa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 24th. Wall Street Zen lowered shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings downgraded Coca Cola Femsa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Barclays lowered their price target on Coca Cola Femsa from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $104.00.

Coca Cola Femsa Stock Up 2.0%

Shares of KOF traded up $1.79 during trading hours on Wednesday, hitting $90.36. The stock had a trading volume of 2,536 shares, compared to its average volume of 221,986. Coca Cola Femsa has a 1-year low of $72.68 and a 1-year high of $101.74. The firm has a market capitalization of $151.86 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 1.08 and a beta of 0.61. The firm has a 50 day simple moving average of $84.79 and a 200-day simple moving average of $88.85. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.90.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings results on Friday, October 24th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.03. Coca Cola Femsa had a return on equity of 15.79% and a net margin of 8.13%.The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.96 billion. Sell-side analysts predict that Coca Cola Femsa will post 5.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Coca Cola Femsa

Several hedge funds have recently made changes to their positions in the stock. Boston Partners raised its stake in shares of Coca Cola Femsa by 4,404.3% during the 2nd 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. Itau Unibanco Holding S.A. purchased a new position in Coca Cola Femsa during the 1st quarter valued at about $88,634,000. Auto Owners Insurance Co increased its position in shares of Coca Cola Femsa by 5,257.1% during the second quarter. Auto Owners Insurance Co now owns 300,000 shares of the company’s stock valued at $29,019,000 after buying an additional 294,400 shares during the period. Bank of America Corp DE lifted its holdings in shares of Coca Cola Femsa by 87.4% in the second 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 in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in Coca Cola Femsa during the 1st quarter worth approximately $8,782,000.

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.