Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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. “

Other equities analysts have also recently issued reports about the stock. BidaskClub cut shares of Coca Cola Femsa S.A.B. de C.V. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. Citigroup Inc. cut shares of Coca Cola Femsa S.A.B. de C.V. from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 13th. Finally, Scotiabank upgraded shares of Coca Cola Femsa S.A.B. de C.V. from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 5th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Coca Cola Femsa S.A.B. de C.V. has a consensus rating of “Buy” and a consensus price target of $87.00.

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) traded down 1.46% during mid-day trading on Wednesday, reaching $78.71. 72,896 shares of the company’s stock traded hands. The stock has a market cap of $4.13 billion, a PE ratio of 327.96 and a beta of 0.95. Coca Cola Femsa S.A.B. de C.V. has a 12 month low of $59.44 and a 12 month high of $91.85. The firm has a 50 day moving average price of $82.91 and a 200-day moving average price of $79.05.

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) last issued its earnings results on Monday, July 24th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.05). The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.71 billion. Coca Cola Femsa S.A.B. de C.V. had a net margin of 7.09% and a return on equity of 10.72%. On average, analysts predict that Coca Cola Femsa S.A.B. de C.V. will post $3.83 earnings per share for the current fiscal year.

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Several large investors have recently modified their holdings of the company. Probity Advisors Inc. raised its position in shares of Coca Cola Femsa S.A.B. de C.V. by 8.4% in the 2nd quarter. Probity Advisors Inc. now owns 4,276 shares of the company’s stock valued at $362,000 after buying an additional 330 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Coca Cola Femsa S.A.B. de C.V. by 4.0% in the 2nd quarter. Wells Fargo & Company MN now owns 9,827 shares of the company’s stock valued at $832,000 after buying an additional 378 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Coca Cola Femsa S.A.B. de C.V. by 35.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,056 shares of the company’s stock valued at $174,000 after buying an additional 536 shares in the last quarter. TD Asset Management Inc. raised its position in shares of Coca Cola Femsa S.A.B. de C.V. by 7.4% in the 2nd quarter. TD Asset Management Inc. now owns 8,496 shares of the company’s stock valued at $721,000 after buying an additional 583 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Coca Cola Femsa S.A.B. de C.V. by 8.3% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,759 shares of the company’s stock valued at $911,000 after buying an additional 828 shares in the last quarter. Institutional investors own 6.68% of the company’s stock.

About Coca Cola Femsa S.A.B. de C.V.

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.

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Analyst Recommendations for Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

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