Coca-Cola FEMSA (KOF) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Coca-Cola FEMSA (NYSE:KOF) from an underweight rating to an equal weight rating in a report released on Wednesday, MarketBeat reports.

A number of other brokerages have also recently issued reports on KOF. BidaskClub raised Coca-Cola FEMSA from a hold rating to a buy rating in a research report on Thursday, August 17th. Zacks Investment Research cut Coca-Cola FEMSA from a buy rating to a hold rating in a research report on Wednesday, September 13th. Citigroup raised Coca-Cola FEMSA from a sell rating to a neutral rating in a research report on Thursday, October 26th. UBS raised Coca-Cola FEMSA from an underperform rating to a market perform rating in a research report on Thursday, November 9th. Finally, Credit Suisse Group cut Coca-Cola FEMSA from an outperform rating to a neutral rating and set a $128.00 target price for the company. in a research report on Friday, November 17th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $99.67.

Shares of Coca-Cola FEMSA (NYSE KOF) opened at $69.28 on Wednesday. The stock has a market capitalization of $14,361.05, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 1.02 and a beta of 0.93. The company has a current ratio of 1.28, a quick ratio of 1.01 and a debt-to-equity ratio of 0.56. Coca-Cola FEMSA has a 12-month low of $59.44 and a 12-month high of $91.85.

A number of institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its position in shares of Coca-Cola FEMSA by 4.0% in the second quarter. Wells Fargo & Company MN now owns 9,827 shares of the company’s stock valued at $832,000 after acquiring an additional 378 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Coca-Cola FEMSA by 35.3% in the second quarter. BNP Paribas Arbitrage SA now owns 2,056 shares of the company’s stock valued at $174,000 after acquiring an additional 536 shares during the period. TD Asset Management Inc. boosted its position in shares of Coca-Cola FEMSA by 7.4% in the second quarter. TD Asset Management Inc. now owns 8,496 shares of the company’s stock valued at $721,000 after acquiring an additional 583 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Coca-Cola FEMSA by 8.3% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,759 shares of the company’s stock valued at $911,000 after acquiring an additional 828 shares during the period. Finally, Quantbot Technologies LP boosted its position in shares of Coca-Cola FEMSA by 147.1% in the third quarter. Quantbot Technologies LP now owns 1,485 shares of the company’s stock valued at $114,000 after acquiring an additional 884 shares during the period. 6.72% of the stock is owned by hedge funds and other institutional investors.

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About Coca-Cola FEMSA

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 (NYSE:KOF)

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