Coca Cola Femsa (NYSE:KOF) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of Coca Cola Femsa (NYSE:KOF) from a buy rating to a hold rating in a research report report published on Sunday morning.

Several other research firms have also issued reports on KOF. JPMorgan Chase & Co. reduced their price target on shares of Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Weiss Ratings cut Coca Cola Femsa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Zacks Research downgraded Coca Cola Femsa from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 24th. Finally, Barclays lowered their price target on Coca Cola Femsa from $100.00 to $98.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $105.33.

Coca Cola Femsa Stock Performance

Shares of KOF stock traded down $1.35 on Friday, hitting $88.83. The company’s stock had a trading volume of 107,628 shares, compared to its average volume of 222,559. Coca Cola Femsa has a fifty-two week low of $72.68 and a fifty-two week high of $101.74. The company has a market capitalization of $149.29 billion, a PE ratio of 15.48, a PEG ratio of 1.08 and a beta of 0.61. The stock’s 50 day moving average is $84.58 and its 200-day moving average is $88.97. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.90 and a current ratio of 1.10.

Coca Cola Femsa (NYSE:KOF) last posted its quarterly earnings data on Friday, October 24th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. Coca Cola Femsa had a net margin of 8.13% and a return on equity of 15.79%. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.96 billion. Equities research analysts expect that Coca Cola Femsa will post 5.7 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Tuesday, October 14th were issued a dividend of $1.0006 per share. This represents a $4.00 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Tuesday, October 14th. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $0.87. Coca Cola Femsa’s dividend payout ratio (DPR) is 62.54%.

Institutional Investors Weigh In On Coca Cola Femsa

Several institutional investors and hedge funds have recently made changes to their positions in KOF. Boston Partners increased its holdings in Coca Cola Femsa by 4,404.3% in the second quarter. Boston Partners now owns 1,681,955 shares of the company’s stock worth $162,665,000 after purchasing an additional 1,644,614 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Coca Cola Femsa in the 1st quarter valued at $88,634,000. Auto Owners Insurance Co lifted its position in shares of Coca Cola Femsa by 5,257.1% during the 2nd quarter. Auto Owners Insurance Co now owns 300,000 shares of the company’s stock valued at $29,019,000 after acquiring an additional 294,400 shares during the period. Bank of America Corp DE lifted its position in shares of Coca Cola Femsa by 87.4% during the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock valued at $57,024,000 after acquiring an additional 274,894 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in Coca Cola Femsa during the first quarter worth $8,782,000.

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.