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

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

Several other equities analysts have also issued reports on the stock. Zacks Research upgraded shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Friday, December 26th. Barclays reissued an “equal weight” rating and issued a $98.00 price objective on shares of Coca Cola Femsa in a research note on Tuesday, December 2nd. UBS Group raised their target price on Coca Cola Femsa from $109.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Finally, JPMorgan Chase & Co. cut Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 target price for the company. in a research note on Wednesday. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.00.

Coca Cola Femsa Stock Up 0.2%

Shares of NYSE KOF opened at $104.26 on Friday. The company’s 50 day moving average price is $95.65 and its 200-day moving average price is $88.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.90 and a current ratio of 1.10. Coca Cola Femsa has a 52-week low of $76.36 and a 52-week high of $109.06. The company has a market capitalization of $174.81 billion, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 1.33 and a beta of 0.51.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KOF. Boston Partners increased its holdings in shares of Coca Cola Femsa by 4,404.3% during the second quarter. Boston Partners now owns 1,681,955 shares of the company’s stock valued at $162,665,000 after acquiring an additional 1,644,614 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Coca Cola Femsa by 87.4% in the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock worth $57,024,000 after purchasing an additional 274,894 shares in the last quarter. Cullen Capital Management LLC grew its position in Coca Cola Femsa by 2.4% in the 2nd quarter. Cullen Capital Management LLC now owns 531,055 shares of the company’s stock valued at $51,369,000 after purchasing an additional 12,312 shares during the period. First Eagle Investment Management LLC grew its position in Coca Cola Femsa by 4.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 371,596 shares of the company’s stock valued at $35,944,000 after purchasing an additional 14,773 shares during the period. Finally, Invesco Ltd. increased its stake in Coca Cola Femsa by 34.6% during the 3rd quarter. Invesco Ltd. now owns 301,266 shares of the company’s stock valued at $25,035,000 after purchasing an additional 77,475 shares in the last quarter.

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.