Coca-Cola FEMSA (NYSE:KOF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “Coca-Cola Femsa S.A., through its subsidiaries, produces, markets and distributes soft drinks throughout the metropolitan area of Mexico City, in Southeastern Mexico and in metropolitan Buenos Aires, Argentina. The Company produces Coca-Cola, Sprite, Fresca, Quatro, Powerade, Extra Poma, Etiqueta Azul and Kin. “

KOF has been the topic of several other reports. UBS Group raised shares of Coca-Cola FEMSA from a “market perform” rating to an “outperform” rating in a research note on Wednesday, June 20th. ValuEngine raised shares of Coca-Cola FEMSA from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. JPMorgan Chase & Co. boosted their price objective on shares of Coca-Cola FEMSA from $66.00 to $73.00 and gave the company a “hold” rating in a research note on Friday, August 24th. Finally, Barclays set a $72.00 price objective on shares of Coca-Cola FEMSA and gave the company a “buy” rating in a research note on Saturday, July 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Coca-Cola FEMSA presently has an average rating of “Hold” and a consensus price target of $91.00.

Shares of KOF opened at $60.87 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.92 and a current ratio of 1.15. The firm has a market capitalization of $12.63 billion, a price-to-earnings ratio of 17.64 and a beta of 0.99. Coca-Cola FEMSA has a 1 year low of $54.53 and a 1 year high of $79.42.

Coca-Cola FEMSA (NYSE:KOF) last announced its quarterly earnings data on Friday, July 27th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.59 billion. Coca-Cola FEMSA had a negative net margin of 7.51% and a positive return on equity of 9.33%. equities research analysts expect that Coca-Cola FEMSA will post 3.11 EPS for the current year.

Large investors have recently bought and sold shares of the company. GFS Advisors LLC grew its stake in shares of Coca-Cola FEMSA by 77.9% during the 2nd quarter. GFS Advisors LLC now owns 9,480 shares of the company’s stock worth $535,000 after purchasing an additional 4,150 shares during the period. UBS Group AG grew its stake in shares of Coca-Cola FEMSA by 9.5% during the 1st quarter. UBS Group AG now owns 27,747 shares of the company’s stock worth $1,844,000 after purchasing an additional 2,401 shares during the period. Burgundy Asset Management Ltd. grew its stake in shares of Coca-Cola FEMSA by 0.6% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 563,458 shares of the company’s stock worth $31,796,000 after purchasing an additional 3,587 shares during the period. Wells Fargo & Company MN grew its stake in shares of Coca-Cola FEMSA by 280.5% during the 1st quarter. Wells Fargo & Company MN now owns 14,122 shares of the company’s stock worth $938,000 after purchasing an additional 10,411 shares during the period. Finally, Macquarie Group Ltd. grew its stake in shares of Coca-Cola FEMSA by 6.3% during the 2nd quarter. Macquarie Group Ltd. now owns 2,217,726 shares of the company’s stock worth $125,146,000 after purchasing an additional 131,580 shares during the period. 6.75% of the stock is currently owned by institutional investors and hedge funds.

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 still beverages, such as juice drinks, coffee, teas, milk, value-added dairy, sports drinks, energy drinks, and plant-based drinks.

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