Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Short Interest Down 13.1% in February

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) was the recipient of a large decline in short interest during the month of 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. Currently, 0.7% of the company’s shares are short sold. Based on an average trading volume of 174,100 shares, the days-to-cover ratio is presently 2.0 days.

Coca-Cola FEMSA Stock Performance

Shares of KOF stock opened at $89.46 on Wednesday. The firm has a 50-day moving average of $81.91 and a 200-day moving average of $82.84. The company has a market cap of $150.36 billion, a P/E ratio of 15.19, a P/E/G ratio of 0.62 and a beta of 0.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. Coca-Cola FEMSA has a one year low of $72.68 and a one year high of $102.28.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Coca-Cola FEMSA

Institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new position in Coca-Cola FEMSA during the fourth quarter worth about $29,000. Steward Partners Investment Advisory LLC boosted its position in Coca-Cola FEMSA by 1,388.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company’s stock worth $31,000 after purchasing an additional 375 shares during the period. Banque de Luxembourg S.A. bought a new position in shares of Coca-Cola FEMSA in the fourth quarter valued at approximately $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Coca-Cola FEMSA in the fourth quarter valued at approximately $43,000. Finally, Parvin Asset Management LLC bought a new position in shares of Coca-Cola FEMSA in the fourth quarter valued at approximately $56,000.

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.