Coca Cola FEMSA (NYSE:KOF) Stock Rated "Hold" in New Coverage at Itau BBA Securities

Key Points

• Itau BBA Securities initiated coverage of Coca-Cola FEMSA with a “Hold” rating. MarketBeat’s analyst consensus is also “Hold,” with a consensus price target of $121.43.
• The company reported quarterly earnings per share of $1.72, below the $1.89 consensus estimate, while revenue of $4.41 billion topped the $4.36 billion estimate.
• Coca-Cola FEMSA shares opened at $116.39, within a 12-month range of $85.38 to $122.14.

Investment analysts at Itau BBA Securities assumed coverage on shares of Coca Cola FEMSA (NYSE:KOF - Get Free Report) in a report released on Monday, Zacks reports. The brokerage set a "hold" rating on the stock.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. lifted their target price on Coca Cola FEMSA from $114.00 to $127.00 and gave the stock a "neutral" rating in a report on Wednesday, July 15th. Wall Street Zen downgraded shares of Coca Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 12th. UBS Group raised their price target on shares of Coca Cola FEMSA from $110.00 to $113.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Weiss Ratings cut shares of Coca Cola FEMSA from a "buy (b+)" rating to a "buy (b)" rating in a research note on Thursday, October 29th. Finally, HSBC downgraded shares of Coca Cola FEMSA from a "buy" rating to a "hold" rating and cut their price objective for the company from $120.00 to $116.00 in a report on Tuesday, July 28th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $121.43.

Coca Cola FEMSA Trading Down 0.0%

Shares of KOF stock opened at $116.39 on Monday. Coca Cola FEMSA has a 12-month low of $85.38 and a 12-month high of $122.14. The company has a market capitalization of $195.62 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.58 and a beta of 0.54. The firm has a 50 day moving average price of $112.57 and a two-hundred day moving average price of $107.24. The company has a quick ratio of 0.96, a current ratio of 1.14 and a debt-to-equity ratio of 0.45.

Coca Cola FEMSA (NYSE:KOF - Get Free Report) last announced its earnings results on Monday, October 26th. The company reported $1.72 earnings per share for the quarter, missing analysts' consensus estimates of $1.89 by ($0.17). The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.36 billion. Coca Cola FEMSA had a return on equity of 15.76% and a net margin of 7.95%. As a group, analysts predict that Coca Cola FEMSA will post 6.98 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of Coca Cola FEMSA by 8.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,371 shares of the company's stock worth $134,000 after buying an additional 101 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Coca Cola FEMSA by 0.7% in the third quarter. Quadrant Capital Group LLC now owns 16,803 shares of the company's stock valued at $1,942,000 after buying an additional 122 shares in the last quarter. Point Nemo Capital LLC boosted its stake in Coca Cola FEMSA by 2.2% in the third quarter. Point Nemo Capital LLC now owns 12,682 shares of the company's stock valued at $1,370,000 after buying an additional 274 shares in the last quarter. D Orazio & Associates Inc. boosted its stake in Coca Cola FEMSA by 11.2% in the third quarter. D Orazio & Associates Inc. now owns 2,900 shares of the company's stock valued at $313,000 after buying an additional 292 shares in the last quarter. Finally, Confluence Investment Management LLC grew its position in Coca Cola FEMSA by 8.6% in the second quarter. Confluence Investment Management LLC now owns 3,788 shares of the company's stock valued at $402,000 after acquiring an additional 300 shares during the last quarter.

About Coca Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V. is the world’s largest Coca-Cola franchise bottler by sales volume. The company produces, markets, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Sprite, Fanta and Powerade, as well as bottled water, juices, dairy products, sports drinks, energy drinks and other beverage products.

The company serves consumers through a broad distribution network that includes traditional retail stores, supermarkets, convenience stores, restaurants, food-service businesses and other commercial channels.

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