Coca Cola Femsa (NYSE:KOF) Downgraded by Wall Street Zen to Buy

Wall Street Zen downgraded shares of Coca Cola Femsa (NYSE:KOF) from a strong-buy rating to a buy rating in a research note released on Saturday,Wall Street Zen reports.

KOF has been the subject of several other research reports. Barclays upped their price objective on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. raised their price target on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Weiss Ratings restated a “buy (b)” rating on shares of Coca Cola Femsa in a report on Wednesday, August 26th. UBS Group boosted their target price on Coca Cola Femsa from $110.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Finally, HSBC reiterated a “hold” rating and set a $116.00 price target on shares of Coca Cola Femsa in a research note on Tuesday, July 28th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Coca Cola Femsa presently has an average rating of “Hold” and an average price target of $118.83.

Coca Cola Femsa Stock Performance

Shares of KOF stock opened at $110.49 on Friday. Coca Cola Femsa has a 52-week low of $80.22 and a 52-week high of $117.09. The stock has a market cap of $185.70 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 1.49 and a beta of 0.52. The business has a 50-day simple moving average of $108.61 and a 200-day simple moving average of $105.61. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.48.

Coca Cola Femsa (NYSE:KOF) last posted its earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. The business had revenue of $4.36 billion for the quarter. On average, equities analysts expect that Coca Cola Femsa will post 7.03 EPS for the current year.

Coca Cola Femsa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were paid a $1.1248 dividend. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.09. This represents a $4.50 annualized dividend and a yield of 4.1%. The ex-dividend date was Monday, July 13th. Coca Cola Femsa’s payout ratio is currently 62.15%.

Institutional Trading of Coca Cola Femsa

Several institutional investors have recently modified their holdings of KOF. Caitong International Asset Management Co. Ltd grew its position in shares of Coca Cola Femsa by 482.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock valued at $28,000 after buying an additional 275 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Coca Cola Femsa by 79.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock valued at $33,000 after acquiring an additional 153 shares during the last quarter. Whipplewood Advisors LLC lifted its position in Coca Cola Femsa by 862.2% in the first quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock valued at $42,000 after acquiring an additional 388 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Coca Cola Femsa by 138.9% in the fourth quarter. Global Retirement Partners LLC now owns 516 shares of the company’s stock valued at $49,000 after acquiring an additional 300 shares in the last quarter. Finally, Triumph Capital Management acquired a new position in Coca Cola Femsa in the third quarter valued at $49,000.

About Coca Cola Femsa

Coca-Cola FEMSA, SAB. de C.V. is a Latin American beverage company and the largest franchise bottler of Coca-Cola products by sales volume. The company manufactures, markets, sells and distributes beverages under brands owned or licensed by The Coca-Cola Company, including Coca-Cola, Sprite, Fanta, Powerade and Dasani, along with local soft-drink, water, juice and other beverage brands.

The company serves consumers through a broad distribution network spanning Mexico, Central and South America, with operations in markets including Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina and Uruguay.