Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Short Interest Update

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 515,800 shares, a decline of 7.0% from the August 15th total of 554,800 shares. Based on an average daily volume of 178,900 shares, the days-to-cover ratio is currently 2.9 days. Currently, 1.0% of the company’s stock are sold short.

Analyst Ratings Changes

KOF has been the topic of a number of research reports. Barclays boosted their target price on shares of Coca-Cola FEMSA from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 3rd. Finally, UBS Group dropped their price target on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $101.91.

Institutional Investors Weigh In On Coca-Cola FEMSA

Several institutional investors and hedge funds have recently modified their holdings of KOF. Ashton Thomas Private Wealth LLC purchased a new position in shares of Coca-Cola FEMSA during the second quarter valued at about $32,000. Blue Trust Inc. raised its holdings in Coca-Cola FEMSA by 490.1% during the 2nd quarter. Blue Trust Inc. now owns 478 shares of the company’s stock valued at $41,000 after buying an additional 397 shares during the period. Parallel Advisors LLC raised its stake in shares of Coca-Cola FEMSA by 74.9% in the fourth quarter. Parallel Advisors LLC now owns 579 shares of the company’s stock valued at $55,000 after acquiring an additional 248 shares during the period. ORG Partners LLC bought a new stake in Coca-Cola FEMSA in the first quarter worth about $63,000. Finally, CWM LLC lifted its stake in shares of Coca-Cola FEMSA by 49.9% during the 2nd quarter. CWM LLC now owns 853 shares of the company’s stock worth $73,000 after acquiring an additional 284 shares during the last quarter.

Coca-Cola FEMSA Stock Performance

Shares of Coca-Cola FEMSA stock opened at $91.00 on Thursday. Coca-Cola FEMSA has a 1-year low of $69.33 and a 1-year high of $104.38. The company’s fifty day simple moving average is $87.31 and its 200-day simple moving average is $91.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87. The stock has a market capitalization of $152.94 billion, a PE ratio of 16.02, a P/E/G ratio of 0.70 and a beta of 0.85.

Coca-Cola FEMSA (NYSE:KOF) last announced its quarterly earnings data on Monday, July 22nd. The company reported $1.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.55. The company had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.76 billion. Coca-Cola FEMSA had a return on equity of 16.23% and a net margin of 8.16%. During the same period in the previous year, the company posted $1.32 EPS. As a group, equities analysts anticipate that Coca-Cola FEMSA will post 6.28 earnings per share for the current year.

Coca-Cola FEMSA Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, July 26th. Investors of record on Monday, July 15th were given a dividend of $0.8325 per share. This represents a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, July 15th. Coca-Cola FEMSA’s dividend payout ratio is currently 13.20%.

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 other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.