UBS Group Downgrades Coca-Cola FEMSA (NYSE:KOF) to Neutral

Coca-Cola FEMSA (NYSE:KOF – Get Rating) was downgraded by stock analysts at UBS Group from a “buy” rating to a “neutral” rating in a report released on Thursday, MarketBeat reports. They presently have a $80.00 price objective on the stock, up from their previous price objective of $76.00. UBS Group’s price objective points to a potential upside of 12.98% from the company’s previous close.

KOF has been the topic of several other research reports. Barclays upped their price objective on Coca-Cola FEMSA from $72.00 to $77.00 and gave the stock an “overweight” rating in a report on Monday, December 19th. StockNews.com began coverage on Coca-Cola FEMSA in a report on Wednesday, October 12th. They set a “strong-buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $72.33.

Coca-Cola FEMSA Stock Performance

NYSE:KOF opened at $70.81 on Thursday. Coca-Cola FEMSA has a 1 year low of $50.21 and a 1 year high of $72.99. The firm has a 50 day moving average of $68.43 and a 200-day moving average of $63.18. The company has a current ratio of 1.24, a quick ratio of 1.03 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $119.01 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 1.64 and a beta of 0.78.

Coca-Cola FEMSA (NYSE:KOF – Get Rating) last posted its earnings results on Monday, October 24th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.24. Coca-Cola FEMSA had a net margin of 8.09% and a return on equity of 14.07%. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.79 billion. As a group, sell-side analysts anticipate that Coca-Cola FEMSA will post 3.91 EPS for the current fiscal year.

Institutional Trading of Coca-Cola FEMSA

Institutional investors and hedge funds have recently made changes to their positions in the business. Meritage Portfolio Management bought a new stake in shares of Coca-Cola FEMSA in the 3rd quarter valued at $3,452,000. Cambiar Investors LLC lifted its stake in Coca-Cola FEMSA by 16.5% in the 3rd quarter. Cambiar Investors LLC now owns 14,328 shares of the company’s stock valued at $837,000 after purchasing an additional 2,029 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Coca-Cola FEMSA in the 2nd quarter valued at about $306,000. Federated Hermes Inc. lifted its stake in Coca-Cola FEMSA by 1.9% in the 2nd quarter. Federated Hermes Inc. now owns 201,750 shares of the company’s stock valued at $11,153,000 after purchasing an additional 3,725 shares during the last quarter. Finally, Alhambra Investment Partners LLC acquired a new stake in Coca-Cola FEMSA during the third quarter worth approximately $207,000. Institutional investors own 1.27% of the company’s stock.

Coca-Cola FEMSA Company Profile

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