Coca-Cola FEMSA (NYSE:KOF) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Coca-Cola FEMSA (NYSE:KOF) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

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. “

Separately, Santander downgraded Coca-Cola FEMSA from a buy rating to a hold rating in a research report on Wednesday, April 3rd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $71.50.

NYSE:KOF opened at $62.07 on Wednesday. Coca-Cola FEMSA has a 52 week low of $56.19 and a 52 week high of $69.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.95 and a quick ratio of 0.76. The stock has a market capitalization of $13.04 billion, a P/E ratio of 22.57, a P/E/G ratio of 1.95 and a beta of 0.66. The company has a fifty day simple moving average of $63.09.

Coca-Cola FEMSA (NYSE:KOF) last posted its earnings results on Friday, April 26th. The company reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.09). Coca-Cola FEMSA had a net margin of 7.33% and a return on equity of 8.41%. The business had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Equities analysts expect that Coca-Cola FEMSA will post 3.29 EPS for the current year.

Large investors have recently bought and sold shares of the business. Macquarie Group Ltd. raised its position in Coca-Cola FEMSA by 2.5% in the fourth quarter. Macquarie Group Ltd. now owns 2,335,504 shares of the company’s stock valued at $142,092,000 after purchasing an additional 56,100 shares during the period. Jane Street Group LLC acquired a new stake in shares of Coca-Cola FEMSA in the fourth quarter valued at $274,000. Gotham Asset Management LLC grew its stake in shares of Coca-Cola FEMSA by 5.0% in the fourth quarter. Gotham Asset Management LLC now owns 13,002 shares of the company’s stock valued at $791,000 after buying an additional 621 shares in the last quarter. APG Asset Management N.V. grew its stake in shares of Coca-Cola FEMSA by 23.4% in the fourth quarter. APG Asset Management N.V. now owns 21,653 shares of the company’s stock valued at $1,152,000 after buying an additional 4,100 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Coca-Cola FEMSA by 12.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,350 shares of the company’s stock valued at $683,000 after buying an additional 1,150 shares in the last quarter. Institutional investors own 7.15% of the company’s stock.

Coca-Cola FEMSA Company Profile

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

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