Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Sees Significant Decrease in Short Interest

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) saw a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 492,251 shares, a drop of 24.2% from the February 12th total of 649,623 shares. Based on an average daily trading volume, of 289,348 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily trading volume, of 289,348 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Trading of Coca Cola Femsa

Several institutional investors and hedge funds have recently bought and sold shares of KOF. Boston Partners boosted its holdings in shares of Coca Cola Femsa by 4,404.3% in the 2nd quarter. Boston Partners now owns 1,681,955 shares of the company’s stock valued at $162,665,000 after acquiring an additional 1,644,614 shares during the last quarter. Bank of America Corp DE lifted its position in Coca Cola Femsa by 87.4% during the second quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock valued at $57,024,000 after purchasing an additional 274,894 shares during the period. Cullen Capital Management LLC lifted its position in Coca Cola Femsa by 2.4% during the second quarter. Cullen Capital Management LLC now owns 531,055 shares of the company’s stock valued at $51,369,000 after purchasing an additional 12,312 shares during the period. Invesco Ltd. boosted its holdings in Coca Cola Femsa by 3.6% in the fourth quarter. Invesco Ltd. now owns 311,979 shares of the company’s stock valued at $29,547,000 after purchasing an additional 10,713 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Coca Cola Femsa by 7.0% in the third quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock valued at $18,750,000 after purchasing an additional 14,687 shares during the last quarter.

Coca Cola Femsa Stock Performance

Coca Cola Femsa stock traded up $0.65 during trading hours on Monday, hitting $97.81. 94,744 shares of the stock traded hands, compared to its average volume of 231,170. The firm’s 50 day moving average price is $105.51 and its 200-day moving average price is $93.87. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.12 and a quick ratio of 0.91. The stock has a market capitalization of $164.38 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 1.04 and a beta of 0.49. Coca Cola Femsa has a 1 year low of $80.22 and a 1 year high of $116.36.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.04). Coca Cola Femsa had a return on equity of 15.97% and a net margin of 8.18%.The firm had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.42 billion. As a group, equities analysts expect that Coca Cola Femsa will post 5.7 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on KOF shares. Barclays raised their price target on Coca Cola Femsa from $110.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Wall Street Zen raised shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Coca Cola Femsa in a research note on Friday, December 26th. The Goldman Sachs Group boosted their target price on shares of Coca Cola Femsa from $97.00 to $111.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Bradesco Corretora upgraded shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 price target on the stock in a research note on Wednesday, February 11th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $111.60.

Coca Cola Femsa Company Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.