Coca-Cola FEMSA (KOF) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Coca-Cola FEMSA (NYSE:KOF) from a sell rating to a hold rating in a research note released on Thursday.

According to Zacks, “Coca-Cola Femsa S.A., through its subsidiaries, produces, markets and distributes soft drinks throughout the metropolitan area of Mexico City, in Southeastern Mexico and in metropolitan Buenos Aires, Argentina. The Company produces Coca-Cola, Sprite, Fresca, Quatro, Powerade, Extra Poma, Etiqueta Azul and Kin. “

Several other brokerages have also recently weighed in on KOF. Santander raised Coca-Cola FEMSA from a hold rating to a buy rating in a report on Tuesday, October 23rd. UBS Group raised Coca-Cola FEMSA from a neutral rating to a buy rating in a report on Tuesday, October 2nd. ValuEngine raised Coca-Cola FEMSA from a sell rating to a hold rating in a report on Tuesday, September 4th. JPMorgan Chase & Co. lifted their price objective on Coca-Cola FEMSA from $66.00 to $73.00 and gave the company a hold rating in a report on Friday, August 24th. Finally, Barclays set a $72.00 price objective on Coca-Cola FEMSA and gave the company a buy rating in a report on Saturday, July 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $91.00.



NYSE:KOF opened at $59.73 on Thursday. The company has a market cap of $12.55 billion, a P/E ratio of 18.32 and a beta of 0.97. The company has a quick ratio of 0.92, a current ratio of 1.15 and a debt-to-equity ratio of 0.61. Coca-Cola FEMSA has a 1-year low of $54.53 and a 1-year high of $79.42.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings results on Friday, July 27th. The company reported $0.69 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.01). The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.59 billion. Coca-Cola FEMSA had a positive return on equity of 9.33% and a negative net margin of 7.51%. As a group, equities research analysts forecast that Coca-Cola FEMSA will post 3.05 earnings per share for the current year.

The business also recently disclosed a dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 31st will be issued a $0.872 dividend. The ex-dividend date is Tuesday, October 30th. Coca-Cola FEMSA’s dividend payout ratio is presently 53.68%.

A number of hedge funds and other institutional investors have recently made changes to their positions in KOF. PNC Financial Services Group Inc. increased its stake in shares of Coca-Cola FEMSA by 126.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,350 shares of the company’s stock valued at $133,000 after purchasing an additional 1,313 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Coca-Cola FEMSA in the 2nd quarter valued at $264,000. Citadel Advisors LLC bought a new position in shares of Coca-Cola FEMSA in the 2nd quarter valued at $388,000. GFS Advisors LLC increased its stake in shares of Coca-Cola FEMSA by 77.9% in the 2nd quarter. GFS Advisors LLC now owns 9,480 shares of the company’s stock valued at $535,000 after purchasing an additional 4,150 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of Coca-Cola FEMSA by 73.4% in the 2nd quarter. BlackRock Inc. now owns 10,619 shares of the company’s stock valued at $599,000 after purchasing an additional 4,494 shares during the last quarter. 6.75% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and still beverages, such as juice drinks, coffee, teas, milk, value-added dairy, sports drinks, energy drinks, and plant-based drinks.

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