Coca-Cola FEMSA (NYSE:KOF) Downgraded to Buy Rating by StockNews.com

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued on Tuesday.

Separately, Barclays raised their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $104.00.

Coca-Cola FEMSA Stock Down 1.3 %

Shares of KOF traded down $1.15 during midday trading on Tuesday, hitting $86.34. The stock had a trading volume of 99,066 shares, compared to its average volume of 200,956. The firm has a market cap of $145.11 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 0.62 and a beta of 0.79. The company has a 50 day simple moving average of $80.28 and a two-hundred day simple moving average of $82.91. Coca-Cola FEMSA has a twelve month low of $72.68 and a twelve month high of $102.28. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94.

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Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.22. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.49 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. On average, analysts anticipate that Coca-Cola FEMSA will post 5.7 EPS for the current year.

Institutional Investors Weigh In On Coca-Cola FEMSA

Institutional investors and hedge funds have recently bought and sold shares of the company. TD Private Client Wealth LLC raised its position in shares of Coca-Cola FEMSA by 5.0% in the 4th quarter. TD Private Client Wealth LLC now owns 3,257 shares of the company's stock valued at $254,000 after buying an additional 155 shares in the last quarter. Kathmere Capital Management LLC raised its position in Coca-Cola FEMSA by 3.0% during the fourth quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company's stock valued at $545,000 after purchasing an additional 206 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in Coca-Cola FEMSA by 1.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company's stock worth $933,000 after purchasing an additional 212 shares during the last quarter. D Orazio & Associates Inc. lifted its stake in Coca-Cola FEMSA by 8.5% during the third quarter. D Orazio & Associates Inc. now owns 2,908 shares of the company's stock worth $258,000 after purchasing an additional 228 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in shares of Coca-Cola FEMSA by 7.1% in the 4th quarter. Park Avenue Securities LLC now owns 3,493 shares of the company's stock valued at $272,000 after purchasing an additional 233 shares in the last quarter.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.