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) saw a large increase in short interest in September. As of September 30th, there was short interest totalling 741,000 shares, an increase of 18.9% from the September 15th total of 623,300 shares. Based on an average daily volume of 189,300 shares, the short-interest ratio is presently 3.9 days. Approximately 1.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC acquired a new position in shares of Coca-Cola FEMSA in the 2nd quarter valued at $32,000. Blue Trust Inc. lifted its holdings in shares of Coca-Cola FEMSA by 490.1% during the second quarter. Blue Trust Inc. now owns 478 shares of the company’s stock worth $41,000 after purchasing an additional 397 shares during the period. GAMMA Investing LLC increased its holdings in Coca-Cola FEMSA by 56.2% in the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after buying an additional 196 shares during the period. ORG Partners LLC purchased a new position in Coca-Cola FEMSA during the 1st quarter worth approximately $63,000. Finally, CWM LLC lifted its stake in Coca-Cola FEMSA by 49.9% during the 2nd quarter. CWM LLC now owns 853 shares of the company’s stock valued at $73,000 after acquiring an additional 284 shares during the period.

Coca-Cola FEMSA Trading Down 0.3 %

Shares of Coca-Cola FEMSA stock traded down $0.30 during trading on Monday, hitting $86.89. The stock had a trading volume of 87,032 shares, compared to its average volume of 169,105. The stock has a market cap of $146.03 billion, a PE ratio of 15.29, a PEG ratio of 0.71 and a beta of 0.86. Coca-Cola FEMSA has a 12 month low of $69.33 and a 12 month high of $104.38. The firm’s fifty day simple moving average is $87.89 and its 200-day simple moving average is $90.33. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings data on Monday, July 22nd. The company reported $1.55 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.55. The company had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.76 billion. Coca-Cola FEMSA had a net margin of 8.16% and a return on equity of 16.23%. During the same period in the prior year, the firm earned $1.32 earnings per share. As a group, sell-side analysts expect that Coca-Cola FEMSA will post 6.28 EPS for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, October 25th. Investors of record on Monday, October 14th will be paid a $0.7811 dividend. This represents a yield of 2.6%. The ex-dividend date is Monday, October 14th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is presently 12.32%.

Analyst Ratings Changes

A number of research firms have recently commented on KOF. UBS Group cut their price target on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. The Goldman Sachs Group upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. Finally, Barclays boosted their target price on shares of Coca-Cola FEMSA from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $101.91.

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.