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

StockNews.com lowered shares of Coca-Cola FEMSA (NYSE:KOF) from a strong-buy rating to a buy rating in a research note published on Thursday morning.

Separately, Barclays increased their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Coca-Cola FEMSA currently has a consensus rating of “Buy” and a consensus target price of $104.00.

Coca-Cola FEMSA Stock Performance

Shares of NYSE KOF opened at $88.95 on Thursday. 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 company has a market capitalization of $149.50 billion, a P/E ratio of 15.10, a P/E/G ratio of 0.62 and a beta of 0.79. Coca-Cola FEMSA has a 12 month low of $72.68 and a 12 month high of $102.28. The stock has a 50 day moving average of $81.39 and a 200-day moving average of $82.81.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings data on Friday, February 21st. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.22. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.49 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. As a group, equities research analysts predict that Coca-Cola FEMSA will post 5.7 EPS for the current year.

Hedge Funds Weigh In On Coca-Cola FEMSA

A number of hedge funds have recently bought and sold shares of the business. Corvex Management LP boosted its holdings in Coca-Cola FEMSA by 138.9% in the 4th quarter. Corvex Management LP now owns 1,066,108 shares of the company’s stock valued at $83,039,000 after purchasing an additional 619,931 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Coca-Cola FEMSA by 90.5% in the third quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock valued at $70,672,000 after buying an additional 378,325 shares during the period. Itau Unibanco Holding S.A. grew its position in Coca-Cola FEMSA by 59.8% during the third quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock worth $68,297,000 after buying an additional 304,197 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Coca-Cola FEMSA by 14.7% during 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 buying an additional 157,530 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Coca-Cola FEMSA by 73.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company’s stock valued at $23,160,000 after acquiring an additional 110,926 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.