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

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

Analyst Ratings Changes

A number of analysts have recently commented on KOF shares. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $93.00 to $102.00 in a research report on Tuesday, October 29th. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, Barclays decreased their price objective on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $104.75.

Institutional Investors Weigh In On Coca-Cola FEMSA

Large investors have recently modified their holdings of the stock. Hartford Financial Management Inc. increased its stake in Coca-Cola FEMSA by 42.2% in the 3rd quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock valued at $42,000 after buying an additional 140 shares during the period. Chase Investment Counsel Corp boosted its holdings in shares of Coca-Cola FEMSA by 4.4% in the second quarter. Chase Investment Counsel Corp now owns 4,595 shares of the company’s stock valued at $394,000 after acquiring an additional 192 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Coca-Cola FEMSA by 56.2% during the third quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after acquiring an additional 196 shares during the period. Kathmere Capital Management LLC raised its holdings in Coca-Cola FEMSA by 3.0% during the fourth quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company’s stock worth $545,000 after purchasing an additional 206 shares in the last quarter. Finally, Americana Partners LLC lifted its position in Coca-Cola FEMSA by 5.4% in the third quarter. Americana Partners LLC now owns 4,150 shares of the company’s stock valued at $368,000 after purchasing an additional 213 shares during the period.

Coca-Cola FEMSA Stock Performance

Shares of NYSE KOF traded down $0.24 during midday trading on Friday, reaching $76.09. 130,635 shares of the company were exchanged, compared to its average volume of 150,476. Coca-Cola FEMSA has a 1 year low of $73.90 and a 1 year high of $104.38. The stock has a fifty day simple moving average of $79.00 and a 200 day simple moving average of $84.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14.

Coca-Cola FEMSA Cuts Dividend

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

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.