Coca-Cola FEMSA (NYSE:KOF) Rating Lowered to "Buy" at StockNews.com

StockNews.com downgraded shares of Coca-Cola FEMSA (NYSE:KOF - Free Report) from a strong-buy rating to a buy rating in a report published on Wednesday morning.

Separately, Barclays lifted their target price on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $104.00.

Coca-Cola FEMSA Trading Down 4.0 %

Shares of NYSE:KOF traded down $3.87 during midday trading on Wednesday, reaching $93.01. The company's stock had a trading volume of 181,766 shares, compared to its average volume of 173,078. Coca-Cola FEMSA has a fifty-two week low of $72.68 and a fifty-two week high of $102.28. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. The firm has a 50 day moving average price of $86.00 and a two-hundred day moving average price of $83.29. The firm has a market capitalization of $156.32 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 0.62 and a beta of 0.58.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.22. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.49 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. As a group, analysts forecast that Coca-Cola FEMSA will post 5.7 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in Coca-Cola FEMSA in the 4th quarter worth about $29,000. Steward Partners Investment Advisory LLC increased its stake in shares of Coca-Cola FEMSA by 1,388.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company's stock worth $31,000 after purchasing an additional 375 shares in the last quarter. Banque de Luxembourg S.A. purchased a new position in shares of Coca-Cola FEMSA in the fourth quarter worth about $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Coca-Cola FEMSA in the fourth quarter valued at approximately $43,000. Finally, Parvin Asset Management LLC purchased a new stake in shares of Coca-Cola FEMSA during the 4th quarter valued at approximately $56,000.

Coca-Cola FEMSA Company Profile

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.