Coca Cola Femsa (KOF) Rating Increased to Hold at Zacks Investment Research

Coca Cola Femsa (NYSE:KOF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Coca-Cola Femsa S.A., through its subsidiaries, produces, markets and distributes soft drinks throughout the metropolitan area of Mexico City, in Southeastern Mexico and in metropolitan Buenos Aires, Argentina. The Company produces Coca-Cola, Sprite, Fresca, Quatro, Powerade, Extra Poma, Etiqueta Azul and Kin. “

KOF has been the topic of several other research reports. UBS raised Coca Cola Femsa from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 9th. BidaskClub cut Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Credit Suisse Group cut Coca Cola Femsa from an “outperform” rating to a “neutral” rating and set a $128.00 price objective on the stock. in a research note on Friday, November 17th. Finally, Citigroup raised Coca Cola Femsa from a “sell” rating to a “neutral” rating in a research note on Thursday, October 26th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Coca Cola Femsa presently has an average rating of “Hold” and an average price target of $99.67.

Coca Cola Femsa (KOF) opened at $68.20 on Tuesday. The company has a market capitalization of $14,493.72, a P/E ratio of 20.50, a PEG ratio of 1.01 and a beta of 0.93. Coca Cola Femsa has a 52 week low of $59.44 and a 52 week high of $91.85. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.28.

Large investors have recently made changes to their positions in the stock. Morgan Stanley boosted its position in Coca Cola Femsa by 48.6% during the 1st quarter. Morgan Stanley now owns 74,326 shares of the company’s stock valued at $5,329,000 after acquiring an additional 24,307 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in Coca Cola Femsa during the 2nd quarter valued at $229,000. Northern Trust Corp boosted its position in Coca Cola Femsa by 5.3% during the 2nd quarter. Northern Trust Corp now owns 83,765 shares of the company’s stock valued at $7,092,000 after acquiring an additional 4,204 shares in the last quarter. Stevens Capital Management LP bought a new stake in Coca Cola Femsa during the 3rd quarter valued at $501,000. Finally, Schroder Investment Management Group bought a new stake in Coca Cola Femsa during the 2nd quarter valued at $3,533,000. 6.72% of the stock is currently owned by institutional investors.

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Coca Cola Femsa Company Profile

Coca-Cola FEMSA, SAB. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities.

Analyst Recommendations for Coca Cola Femsa (NYSE:KOF)

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