Wall Street Zen Downgrades Coca-Cola FEMSA (NYSE:KOF) to Hold

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday.

A number of other equities research analysts also recently issued reports on the stock. Barclays lifted their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. lifted their price target on shares of Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Morgan Stanley raised shares of Coca-Cola FEMSA from an "equal weight" rating to an "overweight" rating in a research note on Monday. Finally, UBS Group raised their price objective on shares of Coca-Cola FEMSA from $106.00 to $109.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $106.50.

Coca-Cola FEMSA Stock Performance

NYSE:KOF traded up $0.10 during mid-day trading on Friday, reaching $97.00. The stock had a trading volume of 240,924 shares, compared to its average volume of 193,392. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. The firm has a market capitalization of $163.03 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 0.62 and a beta of 0.60. Coca-Cola FEMSA has a twelve month low of $72.68 and a twelve month high of $101.74. The business has a 50 day simple moving average of $94.52 and a 200 day simple moving average of $86.28.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.19. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.44 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. On average, analysts expect that Coca-Cola FEMSA will post 5.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of KOF. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Coca-Cola FEMSA by 570.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,953 shares of the company's stock worth $386,000 after purchasing an additional 4,214 shares in the last quarter. Leo Wealth LLC grew its stake in Coca-Cola FEMSA by 3.0% in the 4th quarter. Leo Wealth LLC now owns 13,630 shares of the company's stock worth $1,062,000 after acquiring an additional 394 shares during the period. WCM Investment Management LLC grew its stake in Coca-Cola FEMSA by 161.6% in the 4th quarter. WCM Investment Management LLC now owns 36,551 shares of the company's stock worth $2,842,000 after acquiring an additional 22,577 shares during the period. Kestra Private Wealth Services LLC grew its stake in Coca-Cola FEMSA by 15.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 8,517 shares of the company's stock worth $663,000 after acquiring an additional 1,170 shares during the period. Finally, Americana Partners LLC grew its stake in Coca-Cola FEMSA by 23.6% in the 4th quarter. Americana Partners LLC now owns 5,131 shares of the company's stock worth $400,000 after acquiring an additional 981 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 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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