Coca-Cola FEMSA (NYSE:KOF) Downgraded to “Sell” at ValuEngine

ValuEngine downgraded shares of Coca-Cola FEMSA (NYSE:KOF) from a hold rating to a sell rating in a research note published on Thursday, ValuEngine reports.

Other equities research analysts also recently issued research reports about the company. Goldman Sachs Group upgraded Coca-Cola FEMSA from a neutral rating to a buy rating in a research report on Tuesday, January 21st. Bank of America upgraded Coca-Cola FEMSA from a neutral rating to a buy rating and set a $63.00 price target on the stock in a research report on Friday, November 1st. Citigroup upgraded Coca-Cola FEMSA from a neutral rating to a buy rating and set a $70.00 price target on the stock in a research report on Tuesday, January 7th. Finally, Zacks Investment Research upgraded Coca-Cola FEMSA from a hold rating to a strong-buy rating and set a $71.00 price target on the stock in a research report on Saturday, February 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $68.50.

Shares of KOF stock traded up $0.33 on Thursday, reaching $64.46. The company’s stock had a trading volume of 68,900 shares, compared to its average volume of 113,597. The company has a quick ratio of 0.93, a current ratio of 1.10 and a debt-to-equity ratio of 0.47. Coca-Cola FEMSA has a 12-month low of $54.14 and a 12-month high of $69.00. The company has a market capitalization of $13.50 billion, a P/E ratio of 16.83, a PEG ratio of 1.90 and a beta of 0.61. The stock’s 50 day simple moving average is $61.92 and its 200-day simple moving average is $60.02.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KOF. Acadian Asset Management LLC raised its position in Coca-Cola FEMSA by 138.9% during the fourth quarter. Acadian Asset Management LLC now owns 200,320 shares of the company’s stock valued at $12,143,000 after purchasing an additional 116,486 shares in the last quarter. Renaissance Technologies LLC raised its position in Coca-Cola FEMSA by 7.2% during the fourth quarter. Renaissance Technologies LLC now owns 1,602,100 shares of the company’s stock valued at $97,119,000 after purchasing an additional 107,000 shares in the last quarter. Marshall Wace North America L.P. raised its position in Coca-Cola FEMSA by 836.8% during the fourth quarter. Marshall Wace North America L.P. now owns 114,720 shares of the company’s stock valued at $6,954,000 after purchasing an additional 102,474 shares in the last quarter. SPX Equities Gestao de Recursos Ltda raised its position in Coca-Cola FEMSA by 294.4% during the fourth quarter. SPX Equities Gestao de Recursos Ltda now owns 110,000 shares of the company’s stock valued at $6,668,000 after purchasing an additional 82,110 shares in the last quarter. Finally, BlackRock Inc. raised its position in Coca-Cola FEMSA by 120.2% during the second quarter. BlackRock Inc. now owns 135,278 shares of the company’s stock valued at $8,407,000 after purchasing an additional 73,832 shares in the last quarter. Institutional investors and hedge funds own 6.98% of the company’s stock.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and still beverages, such as juice drinks, coffee, teas, milk, value-added dairy, sports drinks, energy drinks, and plant-based drinks.

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Analyst Recommendations for Coca-Cola FEMSA (NYSE:KOF)

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