Coca-Cola FEMSA (NYSE:KOF) Downgraded to Buy Rating by StockNews.com

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

Separately, Barclays raised their target price on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Coca-Cola FEMSA currently has an average rating of “Buy” and an average price target of $104.00.

Coca-Cola FEMSA Price Performance

Shares of KOF opened at $95.12 on Wednesday. The firm has a market cap of $159.86 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 0.62 and a beta of 0.79. Coca-Cola FEMSA has a 52-week low of $72.68 and a 52-week high of $102.28. The business’s 50 day moving average price is $85.23 and its two-hundred day moving average price is $83.28. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KOF. Robeco Institutional Asset Management B.V. lifted its position in Coca-Cola FEMSA by 14.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock valued at $95,496,000 after acquiring an additional 157,530 shares in the last quarter. Corvex Management LP lifted its holdings in shares of Coca-Cola FEMSA by 138.9% in the fourth quarter. Corvex Management LP now owns 1,066,108 shares of the company’s stock valued at $83,039,000 after purchasing an additional 619,931 shares in the last quarter. JPMorgan Chase & Co. boosted its position 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 buying an additional 378,325 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in Coca-Cola FEMSA by 2.9% during the fourth quarter. First Eagle Investment Management LLC now owns 322,963 shares of the company’s stock worth $25,156,000 after buying an additional 9,037 shares in the last quarter. Finally, Natixis Advisors LLC raised its position in Coca-Cola FEMSA by 2.0% in the 4th quarter. Natixis Advisors LLC now owns 241,845 shares of the company’s stock valued at $18,837,000 after buying an additional 4,697 shares during the last quarter.

Coca-Cola FEMSA Company Profile

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.