UBS Group Reaffirms Neutral Rating for Coca Cola Femsa (NYSE:KOF)

Coca Cola Femsa (NYSE:KOF)‘s stock had its “neutral” rating restated by UBS Group in a research report issued on Thursday,Benzinga reports.

Several other research firms have also recently issued reports on KOF. Barclays raised their price target on Coca Cola Femsa from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Friday, December 26th. Wall Street Zen raised shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Bradesco Corretora upgraded shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 price target for the company in a research report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. downgraded shares of Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price target for the company. in a research note on Wednesday, January 28th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $111.60.

Coca Cola Femsa Stock Down 2.2%

NYSE KOF traded down $2.30 on Thursday, hitting $100.25. 25,876 shares of the company were exchanged, compared to its average volume of 218,091. The firm has a 50 day moving average of $105.31 and a two-hundred day moving average of $93.57. The company has a quick ratio of 0.91, a current ratio of 1.12 and a debt-to-equity ratio of 0.47. Coca Cola Femsa has a 1-year low of $80.22 and a 1-year high of $116.36.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings results on Tuesday, February 24th. The company reported $1.95 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.04). The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.42 billion. Coca Cola Femsa had a net margin of 8.18% and a return on equity of 15.97%. On average, research analysts expect that Coca Cola Femsa will post 5.7 EPS for the current year.

Institutional Investors Weigh In On Coca Cola Femsa

Large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd raised its position in shares of Coca Cola Femsa by 482.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock worth $28,000 after purchasing an additional 275 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Coca Cola Femsa by 79.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock valued at $33,000 after purchasing an additional 153 shares during the period. MAI Capital Management grew its position in shares of Coca Cola Femsa by 103.6% in the 2nd quarter. MAI Capital Management now owns 395 shares of the company’s stock valued at $38,000 after purchasing an additional 201 shares during the period. Huntington National Bank bought a new stake in Coca Cola Femsa during the 3rd quarter worth approximately $37,000. Finally, Farther Finance Advisors LLC increased its stake in Coca Cola Femsa by 490.7% during the 4th quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock worth $48,000 after purchasing an additional 422 shares in the last quarter.

Coca Cola Femsa Company Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.