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) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 347,900 shares, a decline of 13.1% from the February 13th total of 400,200 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 174,100 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Trading of Coca-Cola FEMSA

Several institutional investors have recently modified their holdings of the stock. Vise Technologies Inc. lifted its position in shares of Coca-Cola FEMSA by 260.3% during the 4th quarter. Vise Technologies Inc. now owns 16,406 shares of the company’s stock worth $1,278,000 after buying an additional 11,853 shares during the last quarter. Vident Advisory LLC raised its position in Coca-Cola FEMSA by 37.1% in the 4th quarter. Vident Advisory LLC now owns 9,322 shares of the company’s stock valued at $726,000 after purchasing an additional 2,523 shares during the last quarter. Wexford Capital LP raised its position in Coca-Cola FEMSA by 11.1% in the 4th quarter. Wexford Capital LP now owns 136,618 shares of the company’s stock valued at $10,641,000 after purchasing an additional 13,688 shares during the last quarter. Quantinno Capital Management LP increased its stake in Coca-Cola FEMSA by 15.4% in the 4th quarter. Quantinno Capital Management LP now owns 3,641 shares of the company’s stock valued at $284,000 after buying an additional 486 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Coca-Cola FEMSA by 2.0% during the 4th quarter. Millennium Management LLC now owns 93,645 shares of the company’s stock worth $7,294,000 after purchasing an additional 1,860 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on KOF shares. StockNews.com downgraded shares of Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 13th. Barclays lifted their target price on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $104.00.

Coca-Cola FEMSA Stock Up 1.2 %

Coca-Cola FEMSA stock traded up $1.08 during trading on Thursday, reaching $90.20. The stock had a trading volume of 68,270 shares, compared to its average volume of 169,347. Coca-Cola FEMSA has a 52-week low of $72.68 and a 52-week high of $102.28. The business has a 50 day moving average price of $82.18 and a 200 day moving average price of $82.89. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The stock has a market cap of $151.59 billion, a PE ratio of 15.31, a P/E/G ratio of 0.62 and a beta of 0.79.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings results on Friday, February 21st. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.22. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.49 billion. On average, analysts predict that Coca-Cola FEMSA will post 5.7 EPS for the current year.

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.