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) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 347,900 shares, a drop of 13.1% from the February 13th total of 400,200 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 174,100 shares, the short-interest ratio is presently 2.0 days.

Coca-Cola FEMSA Price Performance

NYSE KOF opened at $90.63 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. The stock has a market cap of $152.31 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 0.62 and a beta of 0.79. The business has a 50 day simple moving average of $82.47 and a 200 day simple moving average of $82.94. Coca-Cola FEMSA has a 52-week low of $72.68 and a 52-week high of $102.28.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings data on Friday, February 21st. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.22. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.49 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. Analysts anticipate that Coca-Cola FEMSA will post 5.7 earnings per share for the current fiscal year.

Institutional Trading of Coca-Cola FEMSA

Several hedge funds and other institutional investors have recently modified their holdings of the company. TD Private Client Wealth LLC boosted its position in shares of Coca-Cola FEMSA by 5.0% during the fourth quarter. TD Private Client Wealth LLC now owns 3,257 shares of the company’s stock worth $254,000 after buying an additional 155 shares during the period. Kathmere Capital Management LLC lifted its stake in Coca-Cola FEMSA by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company’s stock valued at $545,000 after acquiring an additional 206 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in Coca-Cola FEMSA by 1.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company’s stock worth $933,000 after acquiring an additional 212 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Coca-Cola FEMSA by 7.1% during the 4th quarter. Park Avenue Securities LLC now owns 3,493 shares of the company’s stock worth $272,000 after acquiring an additional 233 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Coca-Cola FEMSA in the fourth quarter valued at approximately $29,000.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KOF shares. StockNews.com downgraded shares of Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 13th. Barclays increased their target price on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Coca-Cola FEMSA has a consensus rating of “Buy” and a consensus target price of $104.00.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.