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 significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 694,700 shares, a drop of 6.2% from the September 30th total of 741,000 shares. Based on an average daily trading volume, of 180,500 shares, the short-interest ratio is currently 3.8 days. Approximately 1.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. D Orazio & Associates Inc. boosted its position in Coca-Cola FEMSA by 5.4% during the 2nd quarter. D Orazio & Associates Inc. now owns 2,680 shares of the company’s stock valued at $230,000 after buying an additional 138 shares during the period. Hartford Financial Management Inc. boosted its holdings in shares of Coca-Cola FEMSA by 42.2% during the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock worth $42,000 after purchasing an additional 140 shares during the period. Chase Investment Counsel Corp grew its stake in shares of Coca-Cola FEMSA by 3.6% in the first quarter. Chase Investment Counsel Corp now owns 4,403 shares of the company’s stock worth $427,000 after purchasing an additional 154 shares during the last quarter. GAMMA Investing LLC raised its position in Coca-Cola FEMSA by 56.2% during the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $48,000 after purchasing an additional 196 shares during the last quarter. Finally, Americana Partners LLC lifted its holdings in Coca-Cola FEMSA by 5.4% in the 3rd quarter. Americana Partners LLC now owns 4,150 shares of the company’s stock worth $368,000 after buying an additional 213 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KOF. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and upped their target price for the stock from $93.00 to $102.00 in a research note on Tuesday. The Goldman Sachs Group upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. UBS Group dropped their target price on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. StockNews.com lowered shares of Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Monday, October 28th. Finally, Barclays dropped their price objective on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a report on Wednesday. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $103.91.

Coca-Cola FEMSA Trading Down 2.4 %

KOF opened at $81.38 on Friday. Coca-Cola FEMSA has a 12 month low of $76.74 and a 12 month high of $104.38. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. The business’s 50-day moving average price is $87.08 and its 200-day moving average price is $89.34.

Coca-Cola FEMSA Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, October 25th. Shareholders of record on Monday, October 14th were given a $0.7811 dividend. The ex-dividend date of this dividend was Monday, October 14th. This represents a yield of 2.6%. Coca-Cola FEMSA’s payout ratio is currently 11.55%.

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.