Coca Cola Femsa (NYSE:KOF) Rating Lowered to "Hold (C+)" at Weiss Ratings

Key Points

• Coca Cola Femsa has been downgraded from a "buy" to a "hold" rating by Weiss Ratings, reflecting concerns about the company's recent performance.
• Analysts have mixed opinions on Coca Cola Femsa, with ratings ranging from "strong sell" to "buy," and an average target price set at $105.00.
• Despite the downgrade, Coca Cola Femsa's stock increased by 2.5%, reaching a trading price of $84.28.

Coca Cola Femsa (NYSE:KOF - Get Free Report) was downgraded by equities researchers at Weiss Ratings from a "buy (b-)" rating to a "hold (c+)" rating in a research note issued on Wednesday,Weiss Ratings reports.

Several other research analysts have also weighed in on the company. Zacks Research lowered Coca Cola Femsa from a "hold" rating to a "strong sell" rating in a research report on Wednesday, September 24th. UBS Group lifted their target price on Coca Cola Femsa from $109.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. reduced their target price on Coca Cola Femsa from $110.00 to $105.00 and set a "neutral" rating for the company in a research note on Monday, September 15th. 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. Finally, Wall Street Zen downgraded Coca Cola Femsa from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $105.00.

Coca Cola Femsa Stock Up 2.5%

Coca Cola Femsa stock traded up $2.08 during midday trading on Wednesday, reaching $84.28. The stock had a trading volume of 204,344 shares, compared to its average volume of 222,525. The firm's fifty day simple moving average is $84.28 and its 200-day simple moving average is $90.33. Coca Cola Femsa has a 1-year low of $72.68 and a 1-year high of $101.74. The stock has a market capitalization of $141.65 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 1.05 and a beta of 0.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.90 and a current ratio of 1.12.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.52 by ($0.22). The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.89 billion. Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. As a group, analysts expect that Coca Cola Femsa will post 5.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Coca Cola Femsa

Institutional investors and hedge funds have recently made changes to their positions in the business. Boston Partners raised its stake in shares of Coca Cola Femsa by 4,404.3% in the second quarter. Boston Partners now owns 1,681,955 shares of the company's stock worth $162,665,000 after purchasing an additional 1,644,614 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Coca Cola Femsa in the first quarter worth approximately $88,634,000. Auto Owners Insurance Co raised its stake in shares of Coca Cola Femsa by 5,257.1% in the second quarter. Auto Owners Insurance Co now owns 300,000 shares of the company's stock worth $29,019,000 after purchasing an additional 294,400 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Coca Cola Femsa by 87.4% in the second quarter. Bank of America Corp DE now owns 589,519 shares of the company's stock worth $57,024,000 after purchasing an additional 274,894 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Coca Cola Femsa in the first quarter worth approximately $8,782,000.

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.

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