Coca Cola Femsa (NYSE:KOF) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Coca Cola Femsa (NYSE:KOF) from a buy rating to a hold rating in a research note released on Saturday.

Other analysts have also recently issued reports about the company. UBS Group boosted their price objective on Coca Cola Femsa from $109.00 to $111.00 and gave the company a “buy” rating in a research report on Friday, January 9th. Zacks Research raised shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Friday, December 26th. JPMorgan Chase & Co. downgraded shares of Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a report on Wednesday, January 28th. Finally, Barclays reiterated an “equal weight” rating and issued a $98.00 target price on shares of Coca Cola Femsa in a research report on Tuesday, December 2nd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.00.

Coca Cola Femsa Stock Up 0.7%

KOF opened at $104.99 on Friday. The company has a fifty day moving average of $96.03 and a two-hundred day moving average of $89.02. The stock has a market capitalization of $175.28 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.34 and a beta of 0.49. Coca Cola Femsa has a fifty-two week low of $76.36 and a fifty-two week high of $109.06. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.90 and a current ratio of 1.10.

Coca Cola Femsa Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Monday, December 8th were paid a $0.9979 dividend. This represents a $3.99 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, December 8th. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 64.29%.

Institutional Trading of Coca Cola Femsa

Large investors have recently bought and sold shares of the business. Boston Partners grew its position in Coca Cola Femsa by 4,404.3% in the second quarter. Boston Partners now owns 1,681,955 shares of the company’s stock worth $162,665,000 after acquiring an additional 1,644,614 shares during the period. Auto Owners Insurance Co lifted its stake in shares of Coca Cola Femsa by 5,257.1% in the 2nd quarter. Auto Owners Insurance Co now owns 300,000 shares of the company’s stock valued at $29,019,000 after purchasing an additional 294,400 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Coca Cola Femsa by 87.4% during the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock worth $57,024,000 after purchasing an additional 274,894 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of Coca Cola Femsa during the 3rd quarter worth about $12,584,000. Finally, Lakewood Capital Management LP purchased a new stake in Coca Cola Femsa in the 3rd quarter valued at about $10,953,000.

About Coca Cola Femsa

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.