Coca-Cola FEMSA (NYSE:KOF) Cut to Buy at StockNews.com

Coca-Cola FEMSA (NYSE:KOF) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday.

Separately, Barclays raised their target price on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $104.00.

Coca-Cola FEMSA Trading Up 1.0 %

Shares of KOF traded up $0.87 during trading hours on Tuesday, hitting $87.88. The company had a trading volume of 244,576 shares, compared to its average volume of 203,238. The firm has a market cap of $147.70 billion, a P/E ratio of 14.92, a P/E/G ratio of 0.62 and a beta of 0.83. The stock’s 50 day moving average price is $79.94 and its 200 day moving average price is $82.84. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. Coca-Cola FEMSA has a 52-week low of $72.68 and a 52-week high of $102.28.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings data on Friday, February 21st. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.51 by $0.22. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.49 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. On average, research analysts predict that Coca-Cola FEMSA will post 5.7 EPS for the current year.

Institutional Trading of Coca-Cola FEMSA

Several large investors have recently modified their holdings of KOF. Corvex Management LP grew its stake in shares of Coca-Cola FEMSA by 138.9% in the fourth quarter. Corvex Management LP now owns 1,066,108 shares of the company’s stock worth $83,039,000 after purchasing an additional 619,931 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Coca-Cola FEMSA by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock worth $70,672,000 after acquiring an additional 378,325 shares during the period. Itau Unibanco Holding S.A. grew its holdings in shares of Coca-Cola FEMSA by 59.8% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock worth $68,297,000 after acquiring an additional 304,197 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of Coca-Cola FEMSA by 14.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock worth $95,496,000 after acquiring an additional 157,530 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Coca-Cola FEMSA by 73.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company’s stock worth $23,160,000 after acquiring an additional 110,926 shares during the period.

Coca-Cola FEMSA Company Profile

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.