7/102 sources · 2 publishersUpdated Nov 3, 09:57 UTC
Itau BBA cuts Coca‑Cola Femsa rating to Market Perform and keeps $116 price target
Itau BBA downgraded Coca‑Cola Femsa (KOF) from Outperform to Market Perform, maintaining a $116 price target. The analyst cited valuation concerns despite a 10.9% revenue rise to MXN 79.7 billion in Q3 2026. The stock was trading around $117.05, with a P/E multiple of 18.9, the highest among regional bottlers. The firm also noted potential dividend yield of 6‑7% from excess cash in 2027, not yet reflected in its model.
Why it matters
The downgrade and unchanged target suggest limited upside, which could pressure the share price. Investors may reassess valuation expectations given the high P/E and the analyst’s caution.
Key facts
- 1Itau BBA downgraded Coca‑Cola Femsa to Market Perform from Outperform. investing.com
- 2The analyst kept a price target of $116.00. investing.com
- 3The stock was trading at $117.05 at the time of the note. investing.com
- 4Coca‑Cola Femsa reported Q3 2026 revenue of MXN 79.7 billion, a 10.9% increase. investing.com
- 5The company’s P/E ratio was 18.9, the highest among regional Coca‑Cola bottlers. investing.com
- 6Itau BBA expects excess cash in 2027 could generate a dividend yield of 6%‑7%, not yet in its model. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.