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

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

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

Coca-Cola FEMSA Stock Performance

Shares of KOF stock opened at $87.30 on Tuesday. The company’s fifty day simple moving average is $80.11 and its 200-day simple moving average is $82.88. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The firm has a market cap of $146.71 billion, a PE ratio of 14.82, a P/E/G ratio of 0.62 and a beta of 0.83. Coca-Cola FEMSA has a 12 month low of $72.68 and a 12 month high of $102.28.

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

Hedge Funds Weigh In On Coca-Cola FEMSA

Hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in Coca-Cola FEMSA in the 4th quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC bought a new stake in Coca-Cola FEMSA in the third quarter worth $31,000. Steward Partners Investment Advisory LLC raised its stake in shares of Coca-Cola FEMSA by 1,388.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company’s stock valued at $31,000 after acquiring an additional 375 shares during the last quarter. Banque de Luxembourg S.A. bought a new position in shares of Coca-Cola FEMSA during the fourth quarter valued at about $43,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Coca-Cola FEMSA during the fourth quarter valued at about $43,000.

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.