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

Coca-Cola FEMSA (NYSE:KOF) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.

KOF has been the subject of several other reports. JPMorgan Chase & Co. upgraded shares of Coca-Cola FEMSA from a “neutral” rating to an “overweight” rating and raised their target price for the company from $89.00 to $102.00 in a research note on Friday, February 2nd. UBS Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $83.00 to $109.00 in a research note on Friday, January 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $99.61.

Coca-Cola FEMSA Price Performance

KOF opened at $93.66 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.24 and a quick ratio of 1.02. Coca-Cola FEMSA has a 12 month low of $69.33 and a 12 month high of $104.38. The stock has a fifty day moving average price of $97.57 and a 200-day moving average price of $89.52.

Coca-Cola FEMSA (NYSE:KOF) last posted its earnings results on Friday, February 23rd. The company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.30). Coca-Cola FEMSA had a net margin of 7.94% and a return on equity of 15.49%. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter last year, the firm earned $1.73 EPS. As a group, equities research analysts expect that Coca-Cola FEMSA will post 6.59 earnings per share for the current year.

Hedge Funds Weigh In On Coca-Cola FEMSA

Several hedge funds and other institutional investors have recently made changes to their positions in KOF. Clearbridge Investments LLC increased its position in shares of Coca-Cola FEMSA by 0.8% during the third quarter. Clearbridge Investments LLC now owns 96,111 shares of the company’s stock valued at $7,539,000 after acquiring an additional 734 shares during the last quarter. Sei Investments Co. grew its stake in Coca-Cola FEMSA by 17.3% during the 3rd quarter. Sei Investments Co. now owns 163,082 shares of the company’s stock worth $12,792,000 after purchasing an additional 24,017 shares in the last quarter. Dfpg Investments LLC increased its holdings in Coca-Cola FEMSA by 11.2% during the 4th quarter. Dfpg Investments LLC now owns 6,709 shares of the company’s stock worth $616,000 after purchasing an additional 678 shares during the period. Causeway Capital Management LLC increased its holdings in Coca-Cola FEMSA by 13.1% during the 3rd quarter. Causeway Capital Management LLC now owns 126,594 shares of the company’s stock worth $9,930,000 after purchasing an additional 14,657 shares during the period. Finally, Portside Wealth Group LLC acquired a new stake in Coca-Cola FEMSA in the 2nd quarter valued at about $2,059,000.

About Coca-Cola FEMSA

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, alcoholic beverages, and plant-based drinks.