Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

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. “

KOF has been the topic of several other research reports. BidaskClub upgraded shares of Coca Cola Femsa S.A.B. de C.V. from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Scotiabank upgraded shares of Coca Cola Femsa S.A.B. de C.V. from a “sector perform” rating to an “outperform” rating in a report on Wednesday, July 5th. Finally, Citigroup Inc. lowered shares of Coca Cola Femsa S.A.B. de C.V. from a “buy” rating to a “neutral” rating in a report on Tuesday, June 13th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Coca Cola Femsa S.A.B. de C.V. presently has an average rating of “Buy” and an average price target of $85.50.

Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE KOF) opened at 77.06 on Tuesday. Coca Cola Femsa S.A.B. de C.V. has a 1-year low of $59.44 and a 1-year high of $91.85. The stock has a 50 day moving average of $82.52 and a 200-day moving average of $79.42. The stock has a market capitalization of $16.19 billion, a P/E ratio of 20.18 and a beta of 0.95.

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) last posted its quarterly earnings results on Monday, July 24th. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.05). Coca Cola Femsa S.A.B. de C.V. had a net margin of 7.09% and a return on equity of 10.72%. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Equities research analysts predict that Coca Cola Femsa S.A.B. de C.V. will post $3.81 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its stake in shares of Coca Cola Femsa S.A.B. de C.V. by 153.3% in the first quarter. BNP Paribas Arbitrage SA now owns 1,520 shares of the company’s stock worth $109,000 after buying an additional 920 shares during the last quarter. Comerica Bank bought a new stake in shares of Coca Cola Femsa S.A.B. de C.V. in the first quarter worth $208,000. Stifel Financial Corp bought a new stake in shares of Coca Cola Femsa S.A.B. de C.V. in the second quarter worth $212,000. Neuberger Berman Group LLC bought a new stake in shares of Coca Cola Femsa S.A.B. de C.V. in the first quarter worth $215,000. Finally, World Asset Management Inc bought a new stake in shares of Coca Cola Femsa S.A.B. de C.V. in the first quarter worth $222,000. Institutional investors and hedge funds own 6.67% of the company’s stock.

Coca Cola Femsa S.A.B. de C.V. 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.

Analyst Recommendations for Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

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