Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Short Interest Down 13.1% in February

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 347,900 shares, a decline 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 trading volume of 174,100 shares, the days-to-cover ratio is currently 2.0 days.

Hedge Funds Weigh In On Coca-Cola FEMSA

Several hedge funds have recently modified their holdings of KOF. Corvex Management LP lifted its holdings in shares of Coca-Cola FEMSA by 138.9% in the fourth quarter. Corvex Management LP now owns 1,066,108 shares of the company’s stock worth $83,039,000 after buying an additional 619,931 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Coca-Cola FEMSA by 90.5% in the third quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock worth $70,672,000 after buying an additional 378,325 shares in the last quarter. Itau Unibanco Holding S.A. lifted its holdings in shares of Coca-Cola FEMSA by 59.8% in the third quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock worth $68,297,000 after buying an additional 304,197 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Coca-Cola FEMSA by 14.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock worth $95,496,000 after buying an additional 157,530 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Coca-Cola FEMSA by 73.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company’s stock valued at $23,160,000 after purchasing an additional 110,926 shares in the last quarter.

Coca-Cola FEMSA Stock Performance

Shares of NYSE KOF opened at $89.46 on Wednesday. The firm has a 50 day moving average of $81.91 and a 200 day moving average of $82.84. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $150.36 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 0.62 and a beta of 0.79. Coca-Cola FEMSA has a 12-month low of $72.68 and a 12-month high of $102.28.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings results on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.22. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.49 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. On average, research analysts anticipate that Coca-Cola FEMSA will post 5.7 earnings per share for the current year.

Wall Street Analyst Weigh In

KOF has been the subject of a number of recent research reports. StockNews.com lowered Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 13th. Barclays boosted their price objective on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target 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.