Zacks Investment Research Lowers Coca-Cola FEMSA SAB (KOF) to Sell
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. “
A number of other equities research analysts have also recently commented on the stock. Citigroup Inc. cut shares of Coca-Cola FEMSA SAB from a neutral rating to a sell rating and lowered their price target for the stock from $76.50 to $73.00 in a report on Sunday, July 24th. Credit Suisse Group AG raised shares of Coca-Cola FEMSA SAB from a neutral rating to an outperform rating in a report on Thursday, September 8th. Scotiabank reaffirmed a sector perform rating and issued a $139.00 price target on shares of Coca-Cola FEMSA SAB in a report on Thursday, August 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Coca-Cola FEMSA SAB from $82.00 to $89.00 and gave the stock a neutral rating in a report on Friday, June 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $88.25.
Coca-Cola FEMSA SAB (NYSE:KOF) opened at 75.00 on Wednesday. The firm has a market cap of $15.55 billion, a P/E ratio of 30.89 and a beta of 0.80. Coca-Cola FEMSA SAB has a 12 month low of $61.17 and a 12 month high of $87.58. The firm’s 50-day moving average price is $76.26 and its 200-day moving average price is $79.68.
Coca-Cola FEMSA SAB (NYSE:KOF) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by $0.71. Coca-Cola FEMSA SAB had a return on equity of 8.77% and a net margin of 6.15%. On average, equities research analysts expect that Coca-Cola FEMSA SAB will post $2.92 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in Coca-Cola FEMSA SAB during the second quarter valued at $120,000. Stevens Capital Management LP purchased a new position in Coca-Cola FEMSA SAB during the second quarter valued at $210,000. World Asset Management Inc boosted its position in Coca-Cola FEMSA SAB by 8.2% in the second quarter. World Asset Management Inc now owns 3,077 shares of the company’s stock valued at $255,000 after buying an additional 233 shares during the last quarter. AMP Capital Investors Ltd purchased a new position in Coca-Cola FEMSA SAB during the first quarter valued at $266,000. Finally, Americafirst Capital Management LLC purchased a new position in Coca-Cola FEMSA SAB during the second quarter valued at $315,000. 5.61% of the stock is currently owned by hedge funds and other institutional investors.
Coca-Cola FEMSA SAB Company Profile
Coca-Cola FEMSA, SAB. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities.
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