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

Coca-Cola FEMSA (NYSE:KOF) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Separately, Barclays upped their price objective on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $104.00.

Coca-Cola FEMSA Stock Up 1.0 %

Shares of KOF stock traded up $0.87 during midday trading on Tuesday, reaching $87.88. 244,576 shares of the stock were exchanged, compared to its average volume of 203,238. Coca-Cola FEMSA has a 1 year low of $72.68 and a 1 year high of $102.28. The company’s 50 day moving average is $79.94 and its two-hundred day moving average is $82.84. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The firm has a market cap of $147.70 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 0.62 and a beta of 0.83.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings results on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.22. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.49 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. On average, equities research analysts predict that Coca-Cola FEMSA will post 5.7 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in Coca-Cola FEMSA by 90.5% in the third quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock worth $70,672,000 after purchasing an additional 378,325 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Coca-Cola FEMSA by 17.4% in the fourth quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company’s stock worth $1,562,000 after purchasing an additional 2,902 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Coca-Cola FEMSA by 570.2% in the fourth 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 during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Coca-Cola FEMSA in the third quarter worth about $31,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Coca-Cola FEMSA by 14.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock worth $95,496,000 after purchasing an additional 157,530 shares during 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.