Zacks Research Downgrades Coca Cola Femsa (NYSE:KOF) to Hold

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 research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

KOF has been the topic of several other reports. Barclays set a $100.00 price target on Coca Cola Femsa and gave the company an "overweight" rating in a research note on Thursday, July 31st. Wall Street Zen lowered Coca Cola Femsa from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Morgan Stanley upgraded Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. JPMorgan Chase & Co. lowered their price target on 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, UBS Group boosted their price target on Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $105.50.

Coca Cola Femsa Stock Performance

Shares of NYSE KOF traded down $1.45 during trading hours on Tuesday, hitting $84.89. 206,259 shares of the company's stock were exchanged, compared to its average volume of 169,272. Coca Cola Femsa has a 1-year low of $72.68 and a 1-year high of $101.74. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.12 and a quick ratio of 0.90. The stock has a market capitalization of $142.67 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 1.04 and a beta of 0.62. The company's 50-day moving average price is $88.28 and its 200-day moving average price is $90.94.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.22). Coca Cola Femsa had a return on equity of 15.81% and a net margin of 8.19%.The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.89 billion. On average, sell-side analysts expect that Coca Cola Femsa will post 5.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coca Cola Femsa

Several large investors have recently modified their holdings of KOF. Barclays PLC grew its stake in shares of Coca Cola Femsa by 170.1% in the 4th quarter. Barclays PLC now owns 1,745 shares of the company's stock valued at $136,000 after purchasing an additional 1,099 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Coca Cola Femsa in the 4th quarter worth approximately $201,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Coca Cola Femsa by 10.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 87,800 shares of the company's stock worth $6,839,000 after acquiring an additional 8,500 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Coca Cola Femsa by 113.8% in the 4th quarter. Northern Trust Corp now owns 166,994 shares of the company's stock worth $13,007,000 after acquiring an additional 88,873 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in shares of Coca Cola Femsa by 15.6% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 6,900 shares of the company's stock worth $537,000 after acquiring an additional 933 shares in the last quarter.

About Coca Cola Femsa

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.