Coca Cola Femsa (NYSE:KOF) Rating Lowered to Buy at Wall Street Zen

Key Points

• Wall Street Zen downgraded Coca-Cola FEMSA from “strong buy” to “buy,” while the broader analyst consensus remains “hold,” with four buy ratings and five hold ratings.
• Analysts’ consensus price target is $118.83, compared with the stock’s Friday opening price of $110.49; recent targets ranged from $113 to $127.
• Coca-Cola FEMSA reported quarterly EPS of $1.69 on $4.36 billion in revenue, with an 8.05% net margin and 15.83% return on equity.

Coca Cola Femsa (NYSE:KOF - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other equities research analysts also recently weighed in on the stock. Barclays raised their target price on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. increased their price objective on Coca Cola Femsa from $114.00 to $127.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. UBS Group increased their price objective on Coca Cola Femsa from $110.00 to $113.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Weiss Ratings reissued a "buy (b)" rating on shares of Coca Cola Femsa in a research report on Wednesday, August 26th. Finally, HSBC restated a "hold" rating and set a $116.00 target price on shares of Coca Cola Femsa in a research note on Tuesday, July 28th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $118.83.

Coca Cola Femsa Stock Performance

KOF stock opened at $110.49 on Friday. Coca Cola Femsa has a one year low of $80.22 and a one year high of $117.09. The firm has a market cap of $185.70 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.49 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04. The firm has a 50-day simple moving average of $108.61 and a two-hundred day simple moving average of $105.61.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. The firm had revenue of $4.36 billion for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. On average, equities analysts forecast that Coca Cola Femsa will post 7.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Coca Cola Femsa

A number of institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Coca Cola Femsa by 482.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company's stock valued at $28,000 after acquiring an additional 275 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Coca Cola Femsa by 79.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company's stock worth $33,000 after purchasing an additional 153 shares during the last quarter. Whipplewood Advisors LLC raised its holdings in shares of Coca Cola Femsa by 862.2% during the first quarter. Whipplewood Advisors LLC now owns 433 shares of the company's stock worth $42,000 after purchasing an additional 388 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Coca Cola Femsa by 138.9% during the fourth quarter. Global Retirement Partners LLC now owns 516 shares of the company's stock worth $49,000 after purchasing an additional 300 shares during the last quarter. Finally, Triumph Capital Management acquired a new position in Coca Cola Femsa during the third quarter valued at $49,000.

About Coca Cola Femsa

Coca-Cola FEMSA, SAB. de C.V. is a Latin American beverage company and the largest franchise bottler of Coca-Cola products by sales volume. The company manufactures, markets, sells and distributes beverages under brands owned or licensed by The Coca-Cola Company, including Coca-Cola, Sprite, Fanta, Powerade and Dasani, along with local soft-drink, water, juice and other beverage brands.

The company serves consumers through a broad distribution network spanning Mexico, Central and South America, with operations in markets including Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina and Uruguay.

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