Coca Cola Femsa (NYSE:KOF) Downgraded to "Strong Sell" Rating by Zacks Research

Key Points

• Coca Cola Femsa has been downgraded by Zacks Research from a "hold" to a "strong sell" rating, indicating a significant shift in analyst sentiment.
• Despite the downgrade, the company currently holds a consensus rating of "Moderate Buy" with a price target of $105.00, as reported by MarketBeat.com.
• The firm's recent earnings fell short of expectations, reporting $1.30 EPS against a consensus estimate of $1.52, alongside lower-than-expected revenue of $3.74 billion.

Coca Cola Femsa (NYSE:KOF - Get Free Report) was downgraded by Zacks Research from a "hold" rating to a "strong sell" rating in a report issued on Wednesday,Zacks.com reports.

KOF has been the subject of a number of other reports. Wall Street Zen downgraded shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a research 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 report on Monday, June 2nd. Barclays set a $100.00 price objective on shares of Coca Cola Femsa and gave the company an "overweight" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. cut their price objective on shares of Coca Cola Femsa from $110.00 to $105.00 and set a "neutral" rating for the company in a report on Monday, September 15th. Finally, UBS Group lifted their price objective on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $105.00.

Coca Cola Femsa Trading Down 0.2%

NYSE:KOF opened at $83.70 on Wednesday. Coca Cola Femsa has a 12 month low of $72.68 and a 12 month high of $101.74. The firm has a fifty day simple moving average of $84.94 and a 200-day simple moving average of $90.66. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $140.67 billion, a P/E ratio of 14.66, a PEG ratio of 1.07 and a beta of 0.64.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last posted its quarterly earnings data 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 return on equity of 15.81% and a net margin of 8.19%.The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.89 billion. On average, equities research analysts anticipate that Coca Cola Femsa will post 5.7 earnings per share for the current year.

Hedge Funds Weigh In On Coca Cola Femsa

Large investors have recently made changes to their positions in the stock. MAI Capital Management boosted its position in Coca Cola Femsa by 103.6% in the 2nd quarter. MAI Capital Management now owns 395 shares of the company's stock valued at $38,000 after buying an additional 201 shares during the period. Bruce G. Allen Investments LLC acquired a new stake in shares of Coca Cola Femsa in the 2nd quarter valued at $44,000. Wayfinding Financial LLC acquired a new stake in shares of Coca Cola Femsa in the 1st quarter valued at $41,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Coca Cola Femsa during the 4th quarter worth $43,000. Finally, CWM LLC raised its stake in Coca Cola Femsa by 19.7% during the 2nd quarter. CWM LLC now owns 722 shares of the company's stock worth $70,000 after acquiring an additional 119 shares in 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.

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