Coca Cola Femsa (NYSE:KOF) Lowered to Strong Sell Rating by Zacks Research

Zacks Research cut shares of Coca Cola Femsa (NYSE:KOF) from a hold rating to a strong sell rating in a research note published on Wednesday,Zacks.com reports.

A number of other brokerages have also recently weighed in on KOF. JPMorgan Chase & Co. lowered their price target on Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Morgan Stanley upgraded Coca Cola Femsa from an “equal weight” rating to an “overweight” rating in a report on Monday, June 2nd. Wall Street Zen cut Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Sunday, July 13th. Barclays set a $100.00 price target on Coca Cola Femsa and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, UBS Group upped their price target on Coca Cola Femsa from $109.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Coca Cola Femsa presently has a consensus rating of “Moderate Buy” and an average price target of $105.00.

Coca Cola Femsa Stock Performance

Shares of NYSE:KOF opened at $83.70 on Wednesday. The business’s fifty day moving average price is $84.94 and its two-hundred day moving average price is $90.66. Coca Cola Femsa has a fifty-two week low of $72.68 and a fifty-two week high of $101.74. The stock has a market capitalization of $140.67 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 1.07 and a beta of 0.64. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.12 and a quick ratio of 0.90.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.22). Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.89 billion. As a group, analysts predict that Coca Cola Femsa will post 5.7 EPS for the current fiscal year.

Coca Cola Femsa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Tuesday, July 15th were paid a $0.874 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $3.50 annualized dividend and a yield of 4.2%. Coca Cola Femsa’s dividend payout ratio is presently 60.42%.

Institutional Investors Weigh In On Coca Cola Femsa

A number of hedge funds and other institutional investors have recently bought and sold shares of KOF. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Coca Cola Femsa during the 1st quarter worth approximately $8,782,000. GAMMA Investing LLC lifted its holdings in Coca Cola Femsa by 936.0% during the 1st quarter. GAMMA Investing LLC now owns 5,843 shares of the company’s stock worth $533,000 after purchasing an additional 5,279 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Coca Cola Femsa by 90.1% during the 1st quarter. HighTower Advisors LLC now owns 8,229 shares of the company’s stock worth $751,000 after purchasing an additional 3,900 shares during the last quarter. Ninety One UK Ltd bought a new stake in shares of Coca Cola Femsa during the 1st quarter valued at $3,979,000. Finally, Leo Wealth LLC lifted its position in shares of Coca Cola Femsa by 26.3% during the 1st quarter. Leo Wealth LLC now owns 17,220 shares of the company’s stock valued at $1,572,000 after acquiring an additional 3,590 shares during the period.

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.