ValuEngine Upgrades Coca-Cola FEMSA (KOF) to Hold
ValuEngine upgraded shares of Coca-Cola FEMSA (NYSE:KOF) from a sell rating to a hold rating in a research report released on Tuesday morning.
Other equities analysts have also issued reports about the company. Barclays set a $72.00 price objective on Coca-Cola FEMSA and gave the company a buy rating in a research report on Saturday, July 28th. JPMorgan Chase & Co. cut Coca-Cola FEMSA from an overweight rating to a neutral rating in a report on Monday, June 18th. Zacks Investment Research upgraded Coca-Cola FEMSA from a sell rating to a hold rating in a report on Friday, June 15th. Finally, UBS Group upgraded Coca-Cola FEMSA from a market perform rating to an outperform rating in a report on Wednesday, June 20th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $90.00.
Shares of Coca-Cola FEMSA stock opened at $59.04 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.92 and a current ratio of 1.15. The stock has a market cap of $12.24 billion, a PE ratio of 18.11 and a beta of 0.99. Coca-Cola FEMSA has a 12 month low of $54.53 and a 12 month high of $83.41.
A number of hedge funds have recently modified their holdings of the stock. Macquarie Group Ltd. boosted its holdings in Coca-Cola FEMSA by 6.3% during the 2nd quarter. Macquarie Group Ltd. now owns 2,217,726 shares of the company’s stock valued at $125,146,000 after acquiring an additional 131,580 shares during the period. Renaissance Technologies LLC boosted its holdings in Coca-Cola FEMSA by 18.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,165,900 shares of the company’s stock valued at $65,792,000 after acquiring an additional 182,300 shares during the period. Burgundy Asset Management Ltd. boosted its holdings in Coca-Cola FEMSA by 0.6% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 563,458 shares of the company’s stock valued at $31,796,000 after acquiring an additional 3,587 shares during the period. Millennium Management LLC boosted its holdings in Coca-Cola FEMSA by 29.5% during the 2nd quarter. Millennium Management LLC now owns 379,588 shares of the company’s stock valued at $21,420,000 after acquiring an additional 86,558 shares during the period. Finally, FMR LLC boosted its holdings in Coca-Cola FEMSA by 20.7% during the 2nd quarter. FMR LLC now owns 132,900 shares of the company’s stock valued at $7,500,000 after acquiring an additional 22,800 shares during the period. Institutional investors own 6.75% of the company’s stock.
About Coca-Cola FEMSA
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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