Coca Cola Femsa (NYSE:KOF) Stock Rating Lowered by Zacks Research

Key Points

• Coca Cola Femsa has been downgraded by Zacks Research from a "strong-buy" to a "hold" rating.
• Despite the downgrade, other analysts like UBS Group and Barclays have issued buy ratings with price targets of $113.00 and $100.00, respectively.
• The company's latest quarterly earnings showed a miss on both EPS and revenue forecasts, with a reported EPS of $1.30 compared to an expected $1.52.

Coca Cola Femsa (NYSE:KOF - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Tuesday, August 26th,Zacks.com reports.

A number of other research analysts also recently weighed in on KOF. Wall Street Zen downgraded shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Morgan Stanley upgraded shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. UBS Group raised their target price on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. lowered their target price on shares of Coca Cola Femsa from $111.00 to $107.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 16th. Finally, Barclays set a $100.00 target price on shares of Coca Cola Femsa and gave the company an "overweight" rating in a research note on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Coca Cola Femsa presently has an average rating of "Moderate Buy" and an average target price of $105.50.

Coca Cola Femsa Trading Down 0.8%

Shares of NYSE:KOF traded down $0.72 during mid-day trading on Tuesday, hitting $84.28. The stock had a trading volume of 103,421 shares, compared to its average volume of 216,590. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.90 and a current ratio of 1.12. The company has a market cap of $141.64 billion, a PE ratio of 14.74, a P/E/G ratio of 1.04 and a beta of 0.64. Coca Cola Femsa has a 12-month low of $72.68 and a 12-month high of $101.74. The company's 50 day moving average is $88.07 and its 200-day moving average is $90.99.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.22). Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. The firm had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.89 billion. On average, sell-side analysts predict that Coca Cola Femsa will post 5.7 EPS for the current year.

Hedge Funds Weigh In On Coca Cola Femsa

Institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC raised its stake in shares of Coca Cola Femsa by 106.5% during the second quarter. Squarepoint Ops LLC now owns 8,920 shares of the company's stock worth $863,000 after buying an additional 4,600 shares during the last quarter. Vident Advisory LLC raised its stake in shares of Coca Cola Femsa by 9.6% during the second quarter. Vident Advisory LLC now owns 6,063 shares of the company's stock worth $587,000 after buying an additional 532 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Coca Cola Femsa by 87.4% during the second quarter. Bank of America Corp DE now owns 589,519 shares of the company's stock worth $57,024,000 after buying an additional 274,894 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Coca Cola Femsa by 163.7% during the second quarter. Raymond James Financial Inc. now owns 70,936 shares of the company's stock worth $6,862,000 after buying an additional 44,039 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Coca Cola Femsa by 58.3% during the second quarter. Quantinno Capital Management LP now owns 7,917 shares of the company's stock worth $766,000 after buying an additional 2,915 shares during the last quarter.

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.