Coca Cola Femsa (NYSE:KOF) Rating Lowered to “Hold” at UBS Group

Coca Cola Femsa (NYSE:KOF) was downgraded by analysts at UBS Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, MarketBeat reports.

Several other equities analysts have also commented on KOF. Bradesco Corretora raised shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 target price on the stock in a report on Wednesday, February 11th. Barclays boosted their price target on shares of Coca Cola Femsa from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Bank of America reaffirmed a “buy” rating on shares of Coca Cola Femsa in a research note on Monday, March 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Coca Cola Femsa in a report on Friday, December 26th. Finally, Wall Street Zen raised Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $111.60.

Coca Cola Femsa Trading Down 2.4%

Shares of KOF opened at $97.02 on Thursday. The stock has a 50 day simple moving average of $105.44 and a two-hundred day simple moving average of $93.69. The company has a quick ratio of 0.91, a current ratio of 1.12 and a debt-to-equity ratio of 0.47. Coca Cola Femsa has a 1 year low of $80.22 and a 1 year high of $116.36.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.04). The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.42 billion. Coca Cola Femsa had a net margin of 8.18% and a return on equity of 15.97%. On average, equities analysts anticipate that Coca Cola Femsa will post 5.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Coca Cola Femsa

Several institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its position in shares of Coca Cola Femsa by 482.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock valued at $28,000 after acquiring an additional 275 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Coca Cola Femsa by 79.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock worth $33,000 after purchasing an additional 153 shares during the period. Huntington National Bank purchased a new stake in shares of Coca Cola Femsa during the third quarter worth about $37,000. MAI Capital Management grew its stake in shares of Coca Cola Femsa by 103.6% in the second quarter. MAI Capital Management now owns 395 shares of the company’s stock worth $38,000 after purchasing an additional 201 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Coca Cola Femsa by 490.7% in the fourth quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock worth $48,000 after purchasing an additional 422 shares during the last quarter.

About Coca Cola Femsa

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.