Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Sees Large Decline in Short Interest

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 294,300 shares, a drop of 14.4% from the December 31st total of 343,700 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 157,800 shares, the short-interest ratio is currently 1.9 days.

Analysts Set New Price Targets

KOF has been the topic of a number of recent analyst reports. Barclays cut their price target on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $104.75.

Coca-Cola FEMSA Price Performance

Shares of NYSE KOF traded down $0.45 during mid-day trading on Friday, reaching $79.32. The company’s stock had a trading volume of 71,125 shares, compared to its average volume of 185,877. The firm has a market capitalization of $133.30 billion, a PE ratio of 13.47, a P/E/G ratio of 0.57 and a beta of 0.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. The stock has a fifty day moving average of $78.57 and a two-hundred day moving average of $83.60. Coca-Cola FEMSA has a 52 week low of $72.68 and a 52 week high of $104.38.

Coca-Cola FEMSA Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, December 6th were paid a $0.7433 dividend. This represents a dividend yield of 3.7%. The ex-dividend date was Friday, December 6th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is 11.71%.

Hedge Funds Weigh In On Coca-Cola FEMSA

A number of hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC increased its stake in Coca-Cola FEMSA by 17.4% during the fourth quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company’s stock worth $1,562,000 after acquiring an additional 2,902 shares during the last quarter. Americana Partners LLC increased its stake in shares of Coca-Cola FEMSA by 23.6% during the fourth quarter. Americana Partners LLC now owns 5,131 shares of the company’s stock valued at $400,000 after buying an additional 981 shares during the period. Kestra Private Wealth Services LLC increased its stake in shares of Coca-Cola FEMSA by 15.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 8,517 shares of the company’s stock valued at $663,000 after buying an additional 1,170 shares during the period. WCM Investment Management LLC grew its stake in Coca-Cola FEMSA by 161.6% in the fourth quarter. WCM Investment Management LLC now owns 36,551 shares of the company’s stock valued at $2,842,000 after purchasing an additional 22,577 shares during the last quarter. Finally, Leo Wealth LLC grew its stake in Coca-Cola FEMSA by 3.0% in the fourth quarter. Leo Wealth LLC now owns 13,630 shares of the company’s stock valued at $1,062,000 after purchasing an additional 394 shares during the last quarter.

Coca-Cola FEMSA Company Profile

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.