Itau BBA Securities Begins Coverage on Coca Cola FEMSA (NYSE:KOF)

Itau BBA Securities began coverage on shares of Coca Cola FEMSA (NYSE:KOF) in a note issued to investors on Monday, Zacks reports. The brokerage set a “hold” rating on the stock.

Several other equities research analysts have also issued reports on the stock. Wall Street Zen lowered shares of Coca Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th. The Goldman Sachs Group restated a “buy” rating and set a $129.00 target price on shares of Coca Cola FEMSA in a report on Wednesday, October 28th. UBS Group upped their price target on shares of Coca Cola FEMSA from $110.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. HSBC downgraded Coca Cola FEMSA from a “buy” rating to a “hold” rating and lowered their price target for the company from $120.00 to $116.00 in a report on Tuesday, July 28th. Finally, Weiss Ratings lowered Coca Cola FEMSA from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, October 29th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $121.43.

Coca Cola FEMSA Stock Down 0.0%

Shares of NYSE:KOF opened at $116.39 on Monday. The stock has a 50-day simple moving average of $112.57 and a 200-day simple moving average of $107.24. The stock has a market capitalization of $195.62 billion, a P/E ratio of 17.77, a PEG ratio of 1.58 and a beta of 0.54. Coca Cola FEMSA has a 1 year low of $85.38 and a 1 year high of $122.14. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.96 and a current ratio of 1.14.

Coca Cola FEMSA (NYSE:KOF) last posted its quarterly earnings results on Monday, October 26th. The company reported $1.72 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.17). The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Coca Cola FEMSA had a net margin of 7.95% and a return on equity of 15.76%. Equities analysts forecast that Coca Cola FEMSA will post 6.98 earnings per share for the current year.

Institutional Trading of Coca Cola FEMSA

Hedge funds and other institutional investors have recently modified their holdings of the business. Cornerstone Wealth Management LLC acquired a new stake in Coca Cola FEMSA during the 3rd quarter valued at approximately $201,000. D Orazio & Associates Inc. raised its position in shares of Coca Cola FEMSA by 11.2% in the 3rd quarter. D Orazio & Associates Inc. now owns 2,900 shares of the company’s stock valued at $313,000 after purchasing an additional 292 shares in the last quarter. Point Nemo Capital LLC raised its position in shares of Coca Cola FEMSA by 2.2% in the 3rd quarter. Point Nemo Capital LLC now owns 12,682 shares of the company’s stock valued at $1,370,000 after purchasing an additional 274 shares in the last quarter. Ascent Group LLC raised its position in shares of Coca Cola FEMSA by 23.2% in the 3rd quarter. Ascent Group LLC now owns 2,504 shares of the company’s stock valued at $271,000 after purchasing an additional 472 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Coca Cola FEMSA during the 3rd quarter valued at approximately $85,000.

Coca Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V. is the world’s largest Coca-Cola franchise bottler by sales volume. The company produces, markets, sells and distributes beverages under The Coca-Cola Company’s brands, including Coca-Cola, Sprite, Fanta and Powerade, as well as bottled water, juices, dairy products, sports drinks, energy drinks and other beverage products.

The company serves consumers through a broad distribution network that includes traditional retail stores, supermarkets, convenience stores, restaurants, food-service businesses and other commercial channels.