Coca-Cola FEMSA (NYSE:KOF) Stock Rating Lowered by StockNews.com

Coca-Cola FEMSA (NYSE:KOF) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.

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 note on Tuesday, March 4th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Coca-Cola FEMSA currently has a consensus rating of “Buy” and a consensus price target of $104.00.

Coca-Cola FEMSA Stock Performance

Shares of KOF opened at $93.76 on Wednesday. The company’s 50 day simple moving average is $84.83 and its 200-day simple moving average is $83.20. The firm has a market cap of $157.57 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 0.62 and a beta of 0.79. Coca-Cola FEMSA has a 12-month low of $72.68 and a 12-month high of $102.28. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings results on Friday, February 21st. The company reported $1.73 earnings per share 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 firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.49 billion. As a group, equities analysts predict that Coca-Cola FEMSA will post 5.7 EPS for the current year.

Hedge Funds Weigh In On Coca-Cola FEMSA

Several institutional investors have recently bought and sold shares of KOF. JPMorgan Chase & Co. lifted its stake in shares of Coca-Cola FEMSA by 90.5% in the 3rd 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 period. Sanctuary Advisors LLC raised its holdings in Coca-Cola FEMSA by 17.4% during the fourth quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company’s stock worth $1,562,000 after purchasing an additional 2,902 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Coca-Cola FEMSA by 570.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,953 shares of the company’s stock valued at $386,000 after purchasing an additional 4,214 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in Coca-Cola FEMSA by 14.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock valued at $95,496,000 after purchasing an additional 157,530 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in Coca-Cola FEMSA by 43.3% in the 3rd quarter. HighTower Advisors LLC now owns 4,844 shares of the company’s stock valued at $428,000 after purchasing an additional 1,464 shares in the last quarter.

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.