Coca Cola Femsa (NYSE:KOF) Upgraded at Zacks Research

Coca Cola Femsa (NYSE:KOF) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other equities research analysts also recently commented on KOF. Weiss Ratings downgraded Coca Cola Femsa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. UBS Group reduced their price objective on shares of Coca Cola Femsa from $113.00 to $109.00 and set a “buy” rating for the company in a research note on Wednesday. Wall Street Zen downgraded shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Sunday. JPMorgan Chase & Co. decreased their target price on Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Finally, Barclays dropped their price target on Coca Cola Femsa from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $104.00.

Coca Cola Femsa Price Performance

NYSE:KOF opened at $89.59 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The business’s 50-day moving average price is $84.96 and its 200 day moving average price is $88.85. Coca Cola Femsa has a 52-week low of $72.68 and a 52-week high of $101.74. The firm has a market cap of $150.57 billion, a P/E ratio of 15.61, a PEG ratio of 1.08 and a beta of 0.61.

Coca Cola Femsa (NYSE:KOF) last released its earnings results on Friday, October 24th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.48 by $0.03. The business had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.96 billion. Coca Cola Femsa had a net margin of 8.13% and a return on equity of 15.79%. As a group, sell-side analysts predict that Coca Cola Femsa will post 5.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coca Cola Femsa

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its position in shares of Coca Cola Femsa by 18.1% in the third quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 31,584 shares of the company’s stock valued at $2,625,000 after purchasing an additional 4,841 shares during the period. Ramirez Asset Management Inc. raised its holdings in Coca Cola Femsa by 31.7% in the 3rd quarter. Ramirez Asset Management Inc. now owns 137,957 shares of the company’s stock worth $11,464,000 after acquiring an additional 33,234 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Coca Cola Femsa during the 3rd quarter worth $12,584,000. Dimensional Fund Advisors LP lifted its position in Coca Cola Femsa by 10.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 154,903 shares of the company’s stock worth $12,875,000 after acquiring an additional 14,447 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its position in Coca Cola Femsa by 6.6% during the 3rd quarter. Cresset Asset Management LLC now owns 3,025 shares of the company’s stock worth $251,000 after acquiring an additional 188 shares during 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.