Coca-Cola FEMSA SAB (NYSE:KOF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.
According to Zacks, “Coca-Cola Femsa S.A., through its subsidiaries, produces, markets and distributes soft drinks throughout the metropolitan area of Mexico City, in Southeastern Mexico and in metropolitan Buenos Aires, Argentina. The Company produces Coca-Cola, Sprite, Fresca, Quatro, Powerade, Extra Poma, Etiqueta Azul and Kin. “
A number of other research analysts have also commented on KOF. JPMorgan Chase & Co. raised their price objective on shares of Coca-Cola FEMSA SAB from $82.00 to $89.00 and gave the company a “neutral” rating in a research note on Friday, June 3rd. Citigroup Inc. lowered shares of Coca-Cola FEMSA SAB from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $76.50 to $73.00 in a research note on Sunday, July 24th. Scotiabank reiterated a “sector perform” rating and set a $139.00 price objective on shares of Coca-Cola FEMSA SAB in a research note on Thursday, August 25th. Finally, Credit Suisse Group AG upgraded shares of Coca-Cola FEMSA SAB from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $88.25.
Coca-Cola FEMSA SAB (NYSE:KOF) opened at 76.71 on Wednesday. The stock has a market cap of $15.90 billion, a price-to-earnings ratio of 32.34 and a beta of 0.85. The firm’s 50 day moving average price is $76.56 and its 200-day moving average price is $79.73. Coca-Cola FEMSA SAB has a 52 week low of $61.17 and a 52 week high of $87.58.
Coca-Cola FEMSA SAB (NYSE:KOF) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.71. Coca-Cola FEMSA SAB had a net margin of 6.15% and a return on equity of 8.77%. Analysts expect that Coca-Cola FEMSA SAB will post $3.71 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP purchased a new position in Coca-Cola FEMSA SAB during the second quarter worth approximately $120,000. Stevens Capital Management LP purchased a new position in Coca-Cola FEMSA SAB during the second quarter worth approximately $210,000. World Asset Management Inc raised its position in Coca-Cola FEMSA SAB by 8.2% in the second quarter. World Asset Management Inc now owns 3,077 shares of the company’s stock worth $255,000 after buying an additional 233 shares in the last quarter. AMP Capital Investors Ltd purchased a new position in Coca-Cola FEMSA SAB during the first quarter worth approximately $266,000. Finally, Americafirst Capital Management LLC purchased a new position in Coca-Cola FEMSA SAB during the second quarter worth approximately $315,000. 5.61% of the stock is owned by hedge funds and other institutional investors.
Coca-Cola FEMSA SAB Company Profile
Coca-Cola FEMSA, SAB. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities.
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