UBS AG Upgrades Coca Cola Femsa S.A.B. de C.V. (KOF) to Market Perform

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) was upgraded by UBS AG from an “underperform” rating to a “market perform” rating in a report issued on Thursday.

KOF has been the subject of several other reports. Zacks Investment Research raised Coca Cola Femsa S.A.B. de C.V. from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Saturday, September 23rd. BidaskClub downgraded Coca Cola Femsa S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Citigroup Inc. raised Coca Cola Femsa S.A.B. de C.V. from a “sell” rating to a “neutral” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $85.50.

Coca Cola Femsa S.A.B. de C.V. (NYSE KOF) traded down $0.08 during midday trading on Thursday, reaching $68.73. The company’s stock had a trading volume of 110,000 shares, compared to its average volume of 92,567. The firm has a market cap of $14,263.62, a P/E ratio of 20.18, a P/E/G ratio of 1.00 and a beta of 0.91. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.28. Coca Cola Femsa S.A.B. de C.V. has a 52 week low of $59.44 and a 52 week high of $91.85.

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Several institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. grew its position in shares of Coca Cola Femsa S.A.B. de C.V. by 8.0% during the second quarter. Macquarie Group Ltd. now owns 2,153,610 shares of the company’s stock worth $182,354,000 after buying an additional 159,484 shares in the last quarter. Burgundy Asset Management Ltd. grew its position in shares of Coca Cola Femsa S.A.B. de C.V. by 1.3% during the second quarter. Burgundy Asset Management Ltd. now owns 396,042 shares of the company’s stock worth $33,533,000 after buying an additional 5,103 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Coca Cola Femsa S.A.B. de C.V. by 14.6% during the third quarter. Principal Financial Group Inc. now owns 243,752 shares of the company’s stock worth $18,801,000 after buying an additional 30,975 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Coca Cola Femsa S.A.B. de C.V. by 105.9% during the third quarter. Russell Investments Group Ltd. now owns 167,027 shares of the company’s stock worth $12,881,000 after buying an additional 85,893 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Coca Cola Femsa S.A.B. de C.V. by 10.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 114,400 shares of the company’s stock worth $9,544,000 after buying an additional 11,170 shares in the last quarter. 6.66% of the stock is owned by institutional investors and hedge funds.

About Coca Cola Femsa S.A.B. de C.V.

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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