Coca-Cola FEMSA (NYSE:KOF) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Coca-Cola FEMSA (NYSE:KOF) from a strong-buy rating to a buy rating in a research note issued to investors on Monday morning.

Other equities analysts have also recently issued research reports about the company. UBS Group lowered their target price on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. The Goldman Sachs Group raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. Finally, Barclays increased their target price on shares of Coca-Cola FEMSA from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $103.91.

Coca-Cola FEMSA Stock Performance

Shares of KOF stock opened at $83.37 on Monday. The company has a market capitalization of $140.12 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 0.70 and a beta of 0.86. Coca-Cola FEMSA has a 1-year low of $75.42 and a 1-year high of $104.38. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $87.32 and its 200-day simple moving average is $89.47.

Coca-Cola FEMSA Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 14th were given a dividend of $0.7811 per share. This represents a yield of 2.6%. The ex-dividend date was Monday, October 14th. Coca-Cola FEMSA’s payout ratio is presently 11.54%.

Institutional Trading of Coca-Cola FEMSA

Institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new position in shares of Coca-Cola FEMSA during the 3rd quarter valued at $31,000. Ashton Thomas Private Wealth LLC acquired a new position in Coca-Cola FEMSA during the second quarter worth $32,000. Hartford Financial Management Inc. raised its holdings in Coca-Cola FEMSA by 42.2% during the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock valued at $42,000 after buying an additional 140 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Coca-Cola FEMSA by 490.1% in the second quarter. Blue Trust Inc. now owns 478 shares of the company’s stock worth $41,000 after buying an additional 397 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Coca-Cola FEMSA by 56.2% during the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after acquiring an additional 196 shares in the last quarter.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.