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

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

Other analysts also recently issued research reports about the company. UBS Group dropped their price target on Coca-Cola FEMSA from $112.00 to $102.00 and set a "buy" rating on the stock in a research note on Wednesday, July 10th. The Goldman Sachs Group raised Coca-Cola FEMSA from a "neutral" rating to a "buy" rating in a report on Tuesday, September 3rd. Finally, Barclays increased their price target on shares of Coca-Cola FEMSA from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $101.91.

Coca-Cola FEMSA Stock Performance

Shares of NYSE:KOF traded down $1.46 on Monday, hitting $84.40. 110,618 shares of the company were exchanged, compared to its average volume of 167,882. The firm has a market capitalization of $141.85 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 0.70 and a beta of 0.86. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. Coca-Cola FEMSA has a 1-year low of $75.42 and a 1-year high of $104.38. The stock's 50 day moving average price is $87.50 and its 200 day moving average price is $89.60.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new position in shares of Coca-Cola FEMSA during the 3rd quarter valued at approximately $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in Coca-Cola FEMSA during the second quarter valued at $32,000. Blue Trust Inc. increased its holdings in Coca-Cola FEMSA by 490.1% in the second quarter. Blue Trust Inc. now owns 478 shares of the company's stock valued at $41,000 after buying an additional 397 shares in the last quarter. Hartford Financial Management Inc. raised its position in shares of Coca-Cola FEMSA by 42.2% in the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company's stock worth $42,000 after acquiring an additional 140 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Coca-Cola FEMSA by 56.2% during the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company's stock worth $48,000 after acquiring an additional 196 shares in the last quarter.

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.

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