Shares of Coca-Cola FEMSA SAB (NYSE:KOF) dropped 3.2% on Tuesday . The stock traded as low as $78.48 and last traded at $78.85, with a volume of 56,680 shares changing hands. The stock had previously closed at $81.49.

KOF has been the topic of several recent research reports. Citigroup Inc. lowered Coca-Cola FEMSA SAB from a “neutral” rating to a “sell” rating and decreased their price target for the company from $76.50 to $73.00 in a report on Sunday. Zacks Investment Research raised Coca-Cola FEMSA SAB from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th. Finally, JPMorgan Chase & Co. upped their price objective on Coca-Cola FEMSA SAB from $82.00 to $89.00 and gave the company a “neutral” rating in a research report on Friday, June 3rd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Coca-Cola FEMSA SAB currently has a consensus rating of “Hold” and an average price target of $94.88.

The stock has a 50-day moving average price of $80.43 and a 200-day moving average price of $77.90. The stock has a market cap of $16.34 billion and a price-to-earnings ratio of 29.06.

Coca-Cola FEMSA, SAB. de C.V. is a beverage company. The Company produces and distributes Coca-Cola, Fanta, Sprite, del Valle and other beverages of The Coca-Cola Company. Its operating segments include Mexico and Central America division, which includes Mexico, Guatemala, Nicaragua, Costa Rica and Panama, and the South America division, which includes Brazil, Argentina, Colombia and Venezuela.

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