Coca-Cola FEMSA (KOF) Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Coca-Cola FEMSA (NYSE:KOF) from a hold rating to a sell rating in a research note published on Thursday, December 28th.

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. “

Other research analysts have also recently issued reports about the stock. Credit Suisse Group cut shares of Coca-Cola FEMSA from an outperform rating to a neutral rating and set a $128.00 target price on the stock. in a report on Friday, November 17th. Morgan Stanley raised shares of Coca-Cola FEMSA from an underweight rating to an equal weight rating in a report on Wednesday, December 13th. UBS Group raised shares of Coca-Cola FEMSA from an underperform rating to a market perform rating in a research note on Thursday, November 9th. Finally, Citigroup raised shares of Coca-Cola FEMSA from a sell rating to a neutral rating in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $99.67.

Shares of Coca-Cola FEMSA (KOF) opened at $71.66 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.01 and a debt-to-equity ratio of 0.56. The stock has a market cap of $5,100.00, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 1.05 and a beta of 0.94. Coca-Cola FEMSA has a 1 year low of $59.44 and a 1 year high of $91.85.

A number of institutional investors have recently modified their holdings of KOF. Principal Financial Group Inc. acquired a new stake in Coca-Cola FEMSA in the second quarter valued at approximately $18,016,000. Macquarie Group Ltd. boosted its position in Coca-Cola FEMSA by 8.0% in the second quarter. Macquarie Group Ltd. now owns 2,153,610 shares of the company’s stock valued at $182,354,000 after buying an additional 159,484 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Coca-Cola FEMSA by 105.9% in the third quarter. Russell Investments Group Ltd. now owns 167,027 shares of the company’s stock valued at $12,881,000 after buying an additional 85,893 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Coca-Cola FEMSA in the second quarter valued at approximately $4,480,000. Finally, Schroder Investment Management Group acquired a new stake in Coca-Cola FEMSA in the second quarter valued at approximately $3,533,000. Hedge funds and other institutional investors own 6.72% of the company’s stock.

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Coca-Cola FEMSA Company Profile

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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