Short Interest in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Declines By 14.4%

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

Institutional Trading of Coca-Cola FEMSA

Institutional investors have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. raised its holdings in shares of Coca-Cola FEMSA by 14.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock valued at $95,496,000 after purchasing an additional 157,530 shares during the last quarter. Itau Unibanco Holding S.A. raised its stake in Coca-Cola FEMSA by 59.8% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock valued at $68,297,000 after buying an additional 304,197 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Coca-Cola FEMSA by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock valued at $70,672,000 after buying an additional 378,325 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Coca-Cola FEMSA by 73.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company’s stock worth $23,160,000 after buying an additional 110,926 shares during the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of Coca-Cola FEMSA by 4.4% in the third quarter. Natixis Advisors LLC now owns 237,148 shares of the company’s stock worth $21,040,000 after acquiring an additional 9,911 shares during the period.

Coca-Cola FEMSA Stock Down 1.7 %

Coca-Cola FEMSA stock traded down $1.32 during trading hours on Friday, hitting $78.44. The stock had a trading volume of 177,665 shares, compared to its average volume of 172,587. The stock’s 50-day moving average price is $78.56 and its 200-day moving average price is $83.51. The stock has a market capitalization of $131.83 billion, a P/E ratio of 13.32, a price-to-earnings-growth ratio of 0.57 and a beta of 0.83. Coca-Cola FEMSA has a 12-month low of $72.68 and a 12-month high of $104.38. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

Coca-Cola FEMSA Cuts Dividend

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

Analysts Set New Price Targets

KOF has been the subject of several research reports. Citigroup upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and increased their price target for the stock from $93.00 to $102.00 in a research note on Tuesday, October 29th. Barclays decreased their target price on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola FEMSA currently has an average rating of “Buy” and an average price target of $104.75.

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.