Coca Cola Femsa S.A.B. de C.V. (KOF) Rating Lowered to Strong Sell at Zacks Investment Research

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday.

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. “

A number of other analysts have also weighed in on KOF. BidaskClub lowered Coca Cola Femsa S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Citigroup Inc. raised Coca Cola Femsa S.A.B. de C.V. from a “sell” rating to a “neutral” rating in a research note on Thursday, October 26th. Finally, Scotiabank raised Coca Cola Femsa S.A.B. de C.V. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $85.50.

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Several institutional investors have recently made changes to their positions in the stock. Stevens Capital Management LP bought a new position in shares of Coca Cola Femsa S.A.B. de C.V. during the third quarter valued at approximately $501,000. Aperio Group LLC raised its holdings in shares of Coca Cola Femsa S.A.B. de C.V. by 14.1% during the third quarter. Aperio Group LLC now owns 67,149 shares of the company’s stock valued at $5,179,000 after acquiring an additional 8,294 shares in the last quarter. Burgundy Asset Management Ltd. raised its holdings in shares of Coca Cola Femsa S.A.B. de C.V. by 1.3% during the second quarter. Burgundy Asset Management Ltd. now owns 396,042 shares of the company’s stock valued at $33,533,000 after acquiring an additional 5,103 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Coca Cola Femsa S.A.B. de C.V. by 8.0% during the second quarter. Macquarie Group Ltd. now owns 2,153,610 shares of the company’s stock valued at $182,354,000 after acquiring an additional 159,484 shares in the last quarter. Finally, Stifel Financial Corp bought a new position in shares of Coca Cola Femsa S.A.B. de C.V. during the second quarter valued at approximately $212,000. Institutional investors own 6.65% of the company’s stock.

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

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.

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