Zacks Investment Research lowered shares of Coca-Cola FEMSA (NYSE:KOF) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday, Zacks.com reports.

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 downgraded Coca-Cola FEMSA from a buy rating to a hold rating in a 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 stock currently has an average rating of Hold and an average price target of $71.67.

Shares of NYSE:KOF opened at $61.52 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.95 and a quick ratio of 0.76. Coca-Cola FEMSA has a twelve month low of $56.19 and a twelve month high of $69.00. The stock’s 50 day moving average price is $62.92. The firm has a market capitalization of $12.92 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 1.92 and a beta of 0.66.

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

A number of institutional investors have recently made changes to their positions in the stock. SPX Equities Gestao de Recursos Ltda grew its holdings 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 worth $1,733,000 after buying an additional 1,090 shares in the last quarter. FMR LLC grew its stake in Coca-Cola FEMSA by 3.8% in the 1st quarter. FMR LLC now owns 143,100 shares of the company’s stock valued at $9,445,000 after purchasing an additional 5,300 shares during the period. Marshall Wace LLP bought a new position in Coca-Cola FEMSA in the 1st quarter valued at $26,000. Bremer Bank National Association bought a new position in Coca-Cola FEMSA in the 1st quarter valued at $31,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Coca-Cola FEMSA by 12.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,350 shares of the company’s stock valued at $683,000 after purchasing an additional 1,150 shares during the period. Institutional investors and hedge funds 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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