Coca-Cola FEMSA (NYSE:KOF) Stock Rating Lowered by StockNews.com

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) was downgraded by StockNews.com from a "strong-buy" rating to a "buy" rating in a report released on Thursday.

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 note on Tuesday, March 4th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Coca-Cola FEMSA has a consensus rating of "Buy" and a consensus target price of $104.00.

Coca-Cola FEMSA Trading Up 1.5 %

Shares of Coca-Cola FEMSA stock traded up $1.31 during mid-day trading on Thursday, hitting $88.95. 125,265 shares of the stock were exchanged, compared to its average volume of 194,830. Coca-Cola FEMSA has a twelve month low of $72.68 and a twelve month high of $102.28. The stock has a market capitalization of $149.50 billion, a price-to-earnings ratio of 15.10, 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 $81.39 and a 200 day simple moving average of $82.81. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47.

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, topping the consensus estimate of $1.51 by $0.22. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The company had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.49 billion. Research analysts forecast that Coca-Cola FEMSA will post 5.7 EPS for the current year.

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Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Coca-Cola FEMSA by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company's stock worth $70,672,000 after acquiring an additional 378,325 shares during the period. Sanctuary Advisors LLC raised its holdings in Coca-Cola FEMSA by 17.4% in the fourth quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company's stock valued at $1,562,000 after buying an additional 2,902 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Coca-Cola FEMSA by 570.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,953 shares of the company's stock valued at $386,000 after buying an additional 4,214 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Coca-Cola FEMSA by 14.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company's stock valued at $95,496,000 after buying an additional 157,530 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Coca-Cola FEMSA by 73.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company's stock valued at $23,160,000 after buying an additional 110,926 shares during the period.

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.