Coca-Cola FEMSA (NYSE:KOF) Cut to Buy at StockNews.com

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report issued on Tuesday.

A number of other research analysts have also issued reports on KOF. UBS Group upgraded shares of Coca-Cola FEMSA from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $83.00 to $109.00 in a research note on Friday, January 12th. JPMorgan Chase & Co. raised Coca-Cola FEMSA from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $89.00 to $102.00 in a research note on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Coca-Cola FEMSA has an average rating of "Moderate Buy" and an average target price of $99.61.

Coca-Cola FEMSA Stock Performance

KOF stock traded down $0.93 during trading on Tuesday, hitting $94.87. The company had a trading volume of 87,523 shares, compared to its average volume of 164,762. Coca-Cola FEMSA has a 1-year low of $69.33 and a 1-year high of $104.38. The firm has a 50-day moving average price of $97.60 and a 200-day moving average price of $89.49. The company has a quick ratio of 1.02, a current ratio of 1.24 and a debt-to-equity ratio of 0.49. The firm has a market cap of $159.45 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.02 and a beta of 0.87.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last released its earnings results on Friday, February 23rd. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.76 by ($0.30). Coca-Cola FEMSA had a net margin of 7.94% and a return on equity of 15.49%. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period in the previous year, the firm posted $1.73 EPS. On average, analysts expect that Coca-Cola FEMSA will post 6.59 earnings per share for the current year.

Institutional Investors Weigh In On Coca-Cola FEMSA

Several institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its stake in Coca-Cola FEMSA by 7.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,328,045 shares of the company's stock valued at $125,686,000 after purchasing an additional 97,238 shares during the last quarter. BlackRock Inc. raised its position in shares of Coca-Cola FEMSA by 3.2% in the first quarter. BlackRock Inc. now owns 1,029,052 shares of the company's stock valued at $56,547,000 after buying an additional 31,937 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Coca-Cola FEMSA by 53.2% during the first quarter. Bank of America Corp DE now owns 696,964 shares of the company's stock valued at $56,085,000 after buying an additional 241,948 shares during the period. Lazard Asset Management LLC boosted its position in Coca-Cola FEMSA by 22.8% during the fourth quarter. Lazard Asset Management LLC now owns 629,310 shares of the company's stock worth $42,717,000 after acquiring an additional 116,723 shares during the last quarter. Finally, Morgan Stanley grew its stake in Coca-Cola FEMSA by 48.7% in the 4th quarter. Morgan Stanley now owns 537,866 shares of the company's stock worth $36,510,000 after acquiring an additional 176,095 shares during the period.

Coca-Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.

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