Zacks Investment Research cut shares of Coca-Cola FEMSA (NYSE:KOF) from a buy rating to a hold rating in a report issued 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Coca-Cola FEMSA currently has an average rating of Hold and a consensus target price of $71.50.
KOF opened at $62.07 on Wednesday. The business’s 50-day moving average price is $63.09. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.48. Coca-Cola FEMSA has a 12-month low of $56.19 and a 12-month high of $69.00. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 1.96 and a beta of 0.66.
Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings data on Friday, April 26th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.30 billion. Coca-Cola FEMSA had a return on equity of 8.41% and a net margin of 7.33%. On average, research analysts anticipate that Coca-Cola FEMSA will post 3.29 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP bought a new position in shares of Coca-Cola FEMSA during the first quarter valued at approximately $26,000. Bremer Bank National Association acquired a new stake in shares of Coca-Cola FEMSA during the 1st quarter valued at $31,000. Global Retirement Partners LLC acquired a new stake in Coca-Cola FEMSA during the 1st quarter valued at $42,000. Quadrant Capital Group LLC raised its stake in Coca-Cola FEMSA by 23.8% during the 1st quarter. Quadrant Capital Group LLC now owns 1,258 shares of the company’s stock valued at $82,000 after purchasing an additional 242 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Coca-Cola FEMSA during the 4th quarter valued at $274,000. 7.15% of the stock is owned by hedge funds and other institutional investors.
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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