Report
Adam Fleck
EUR 147.86 For Business Accounts Only

Coca-Cola Femsa Continues to See South American Challenges in Q3; Shares Fairly Valued

We do not expect substantial changes to our long-term assumptions for Coca-Cola Femsa following third-quarter results, though the stronger Mexican peso versus the U.S. dollar since our last update will lead us to increase our $74 per ADR fair value estimate roughly 5%-10%. As expected, the company continues to face challenges in South America (volumes declined more than 9% on a comparable basis) as a result of difficult economic environments in Brazil, Argentina, and Colombia, although performan...
Underlying
Coca-Cola Femsa SAB de CV (ADR)

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Adam Fleck

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