Coca Cola Femsa (NYSE:KOF) Upgraded by Wall Street Zen to “Buy” Rating

Coca Cola Femsa (NYSE:KOF) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other equities research analysts also recently commented on KOF. Zacks Research raised Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. UBS Group boosted their price objective on Coca Cola Femsa from $109.00 to $111.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Barclays raised their target price on shares of Coca Cola Femsa from $98.00 to $110.00 and gave the stock an “equal weight” rating in a report on Tuesday. JPMorgan Chase & Co. downgraded shares of Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research report on Wednesday, January 28th. Finally, Bradesco Corretora upgraded shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 price target for the company in a research report on Wednesday. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Coca Cola Femsa presently has an average rating of “Moderate Buy” and an average target price of $111.20.

Coca Cola Femsa Price Performance

Shares of NYSE:KOF opened at $112.84 on Friday. Coca Cola Femsa has a one year low of $80.22 and a one year high of $116.36. The stock has a fifty day moving average of $100.00 and a 200-day moving average of $90.46. The company has a market capitalization of $189.65 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.47 and a beta of 0.50. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.90 and a current ratio of 1.10.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its stake in Coca Cola Femsa by 230,700.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock valued at $211,000 after buying an additional 2,307 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Coca Cola Femsa by 211.4% during the 1st quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock valued at $451,000 after acquiring an additional 3,351 shares in the last quarter. CWM LLC increased its stake in shares of Coca Cola Femsa by 19.7% in the second quarter. CWM LLC now owns 722 shares of the company’s stock worth $70,000 after acquiring an additional 119 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Coca Cola Femsa during the second quarter worth $417,000. Finally, William Blair Investment Management LLC purchased a new stake in shares of Coca Cola Femsa during the second quarter worth $5,539,000.

About Coca Cola Femsa

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.