Coca Cola Femsa (NYSE:KOF) Rating Lowered to “Neutral” at JPMorgan Chase & Co.

Coca Cola Femsa (NYSE:KOF) was downgraded by investment analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report released on Wednesday, Marketbeat Ratings reports. They currently have a $100.00 target price on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 3.94% from the company’s previous close.

Other research analysts have also issued reports about the stock. Wall Street Zen upgraded shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of Coca Cola Femsa in a report on Friday, December 26th. Barclays restated an “equal weight” rating and issued a $98.00 price target on shares of Coca Cola Femsa in a research report on Tuesday, December 2nd. Zacks Research raised Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, UBS Group lifted their target price on Coca Cola Femsa from $109.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Coca Cola Femsa presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

Coca Cola Femsa Price Performance

Shares of NYSE KOF opened at $104.10 on Wednesday. The stock has a market cap of $179.86 billion, a P/E ratio of 18.14, a P/E/G ratio of 1.36 and a beta of 0.51. Coca Cola Femsa has a twelve month low of $76.36 and a twelve month high of $109.06. The stock has a 50 day moving average of $95.33 and a two-hundred day moving average of $88.82. The company has a current ratio of 1.10, a quick ratio of 0.90 and a debt-to-equity ratio of 0.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. NewEdge Advisors LLC lifted its holdings in Coca Cola Femsa by 230,700.0% in the first quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock valued at $211,000 after acquiring an additional 2,307 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Coca Cola Femsa by 211.4% in the first quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock valued at $451,000 after purchasing an additional 3,351 shares during the period. Park Avenue Securities LLC acquired a new stake in shares of Coca Cola Femsa in the second quarter valued at about $308,000. Public Employees Retirement System of Ohio boosted its holdings in Coca Cola Femsa by 5.6% during the second quarter. Public Employees Retirement System of Ohio now owns 23,355 shares of the company’s stock worth $2,259,000 after buying an additional 1,229 shares in the last quarter. Finally, Truist Financial Corp grew its position in Coca Cola Femsa by 43.3% during the second quarter. Truist Financial Corp now owns 6,100 shares of the company’s stock worth $590,000 after buying an additional 1,843 shares during the period.

Coca Cola Femsa Company Profile

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.