Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Short Interest Up 34.0% in February

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 400,200 shares, an increase of 34.0% from the January 31st total of 298,600 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 174,200 shares, the short-interest ratio is presently 2.3 days.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KOF shares. Barclays increased their price objective on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday. StockNews.com cut shares of Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Coca-Cola FEMSA currently has a consensus rating of “Buy” and an average price target of $104.00.

Hedge Funds Weigh In On Coca-Cola FEMSA

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of Coca-Cola FEMSA by 90.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock worth $70,672,000 after purchasing an additional 378,325 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of Coca-Cola FEMSA by 17.4% in the 4th quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company’s stock worth $1,562,000 after purchasing an additional 2,902 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Coca-Cola FEMSA by 570.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,953 shares of the company’s stock worth $386,000 after purchasing an additional 4,214 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Coca-Cola FEMSA in the third quarter worth about $31,000. Finally, Robeco Institutional Asset Management B.V. boosted 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 during the period.

Coca-Cola FEMSA Stock Down 0.5 %

Coca-Cola FEMSA stock opened at $87.26 on Thursday. The stock has a market cap of $146.65 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 0.62 and a beta of 0.83. 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 company’s 50-day moving average price is $79.94 and its two-hundred day moving average price is $82.84. 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 released its earnings results on Friday, February 21st. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.51 by $0.22. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.49 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. On average, analysts expect that Coca-Cola FEMSA will post 5.7 EPS for the current fiscal year.

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.