Zacks Investment Research upgraded shares of Coca-Cola FEMSA (NYSE:KOF) from a hold rating to a strong-buy rating in a report released on Wednesday, Zacks.com reports. Zacks Investment Research currently has $72.00 target price on the stock.

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. “

Separately, Santander lowered Coca-Cola FEMSA from a buy rating to a hold rating in a research report on Wednesday, April 3rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $71.67.

Shares of NYSE KOF opened at $61.52 on Wednesday. Coca-Cola FEMSA has a fifty-two week low of $56.19 and a fifty-two week high of $69.00. The company’s 50 day simple moving average is $62.92. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.48. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 1.93 and a beta of 0.66.

Coca-Cola FEMSA (NYSE:KOF) last issued its earnings results on Friday, April 26th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.09). The firm had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.30 billion. Coca-Cola FEMSA had a return on equity of 8.41% and a net margin of 7.33%. As a group, equities analysts anticipate that Coca-Cola FEMSA will post 3.31 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. SPX Equities Gestao de Recursos Ltda increased its stake in Coca-Cola FEMSA by 4.1% during the second quarter. SPX Equities Gestao de Recursos Ltda now owns 27,890 shares of the company’s stock valued at $1,733,000 after acquiring an additional 1,090 shares during the period. FMR LLC increased its stake in Coca-Cola FEMSA by 3.8% during the first quarter. FMR LLC now owns 143,100 shares of the company’s stock valued at $9,445,000 after acquiring an additional 5,300 shares during the period. Marshall Wace LLP bought a new position in Coca-Cola FEMSA during the first quarter valued at about $26,000. Bremer Bank National Association bought a new position in Coca-Cola FEMSA during the first quarter valued at about $31,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Coca-Cola FEMSA by 12.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,350 shares of the company’s stock valued at $683,000 after acquiring an additional 1,150 shares during the period. Institutional investors own 7.15% 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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