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

Institutional Investors Weigh In On Coca-Cola FEMSA

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in Coca-Cola FEMSA in the third quarter valued at about $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Coca-Cola FEMSA during the second quarter worth about $32,000. Blue Trust Inc. increased its stake in Coca-Cola FEMSA by 490.1% during the 2nd quarter. Blue Trust Inc. now owns 478 shares of the company’s stock worth $41,000 after purchasing an additional 397 shares in the last quarter. Hartford Financial Management Inc. raised its holdings in Coca-Cola FEMSA by 42.2% during the 3rd quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock worth $42,000 after buying an additional 140 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Coca-Cola FEMSA by 56.2% in the third quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $48,000 after buying an additional 196 shares during the period.

Analyst Upgrades and Downgrades

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

Coca-Cola FEMSA Price Performance

KOF stock traded up $0.24 during midday trading on Friday, hitting $83.61. The stock had a trading volume of 1,362 shares, compared to its average volume of 167,344. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.51. Coca-Cola FEMSA has a 52 week low of $76.74 and a 52 week high of $104.38. The stock has a 50-day simple moving average of $87.32 and a 200 day simple moving average of $89.47.

Coca-Cola FEMSA Cuts Dividend

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