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

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

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. lifted their price objective on Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, April 11th. Barclays lifted their price target on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Coca-Cola FEMSA has a consensus rating of “Buy” and an average target price of $104.75.

Coca-Cola FEMSA Price Performance

KOF opened at $93.56 on Thursday. Coca-Cola FEMSA has a 12-month low of $72.68 and a 12-month high of $102.28. The company has a market cap of $157.24 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 0.62 and a beta of 0.58. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $91.73 and a two-hundred day simple moving average of $84.27.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings results on Friday, April 25th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.19. The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.44 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. Research analysts predict that Coca-Cola FEMSA will post 5.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of KOF. SBI Securities Co. Ltd. bought a new stake in Coca-Cola FEMSA in the 4th quarter worth about $29,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Coca-Cola FEMSA by 1,388.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company’s stock valued at $31,000 after acquiring an additional 375 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Coca-Cola FEMSA in the first quarter worth approximately $41,000. Banque de Luxembourg S.A. purchased a new position in shares of Coca-Cola FEMSA during the fourth quarter valued at approximately $43,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Coca-Cola FEMSA during the fourth quarter valued at approximately $43,000.

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.