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 note issued to investors on Sunday.

KOF has been the subject of several other reports. UBS Group boosted their price objective on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Morgan Stanley upgraded shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Coca Cola Femsa from $107.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $107.50.

Coca Cola Femsa Price Performance

KOF opened at $89.63 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.21 and a debt-to-equity ratio of 0.44. Coca Cola Femsa has a 52-week low of $72.68 and a 52-week high of $101.74. The company has a 50 day moving average of $94.78 and a two-hundred day moving average of $88.92. The company has a market cap of $150.64 billion, a P/E ratio of 15.04, a P/E/G ratio of 0.86 and a beta of 0.60.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.19. Coca Cola Femsa had a net margin of 8.38% and a return on equity of 16.29%. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.44 billion. On average, analysts expect that Coca Cola Femsa will post 5.7 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in shares of Coca Cola Femsa by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 16,834 shares of the company's stock valued at $1,537,000 after purchasing an additional 149 shares during the period. TD Private Client Wealth LLC raised its holdings in Coca Cola Femsa by 5.0% in the fourth quarter. TD Private Client Wealth LLC now owns 3,257 shares of the company's stock valued at $254,000 after acquiring an additional 155 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in Coca Cola Femsa by 1.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company's stock valued at $933,000 after acquiring an additional 212 shares in the last quarter. ORG Wealth Partners LLC raised its holdings in Coca Cola Femsa by 36.3% in the first quarter. ORG Wealth Partners LLC now owns 992 shares of the company's stock valued at $93,000 after acquiring an additional 264 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its holdings in Coca Cola Femsa by 9.7% in the first quarter. Cornerstone Wealth Management LLC now owns 3,531 shares of the company's stock valued at $322,000 after acquiring an additional 312 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.

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