Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Short Interest Down 24.5% in April

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 176,712 shares, a drop of 24.5% from the March 31st total of 234,052 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 144,591 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On Coca Cola Femsa

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Boston Partners increased its holdings in Coca Cola Femsa by 1.9% in the 4th quarter. Boston Partners now owns 1,681,676 shares of the company’s stock worth $159,287,000 after buying an additional 31,499 shares during the period. Bank of America Corp DE grew its stake in shares of Coca Cola Femsa by 87.4% during the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock worth $57,024,000 after purchasing an additional 274,894 shares during the period. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Coca Cola Femsa by 0.4% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 496,822 shares of the company’s stock worth $48,465,000 after purchasing an additional 1,915 shares during the period. Invesco Ltd. grew its stake in shares of Coca Cola Femsa by 3.6% during the 4th quarter. Invesco Ltd. now owns 311,979 shares of the company’s stock worth $29,547,000 after purchasing an additional 10,713 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Coca Cola Femsa by 7.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock worth $18,750,000 after purchasing an additional 14,687 shares during the period.

Wall Street Analyst Weigh In

KOF has been the subject of several research analyst reports. 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 reaffirmed a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Wednesday, March 25th. UBS Group lowered shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Thursday, March 12th. The Goldman Sachs Group increased their price objective on shares of Coca Cola Femsa from $97.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Bank of America reaffirmed a “buy” rating on shares of Coca Cola Femsa in a research report on Monday, March 2nd. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $113.60.

Coca Cola Femsa Stock Performance

NYSE:KOF traded down $2.07 during midday trading on Wednesday, hitting $99.02. The company’s stock had a trading volume of 306,630 shares, compared to its average volume of 198,272. Coca Cola Femsa has a fifty-two week low of $80.22 and a fifty-two week high of $116.36. The firm’s 50 day moving average is $102.27 and its 200-day moving average is $97.32. 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 firm has a market cap of $166.41 billion, a P/E ratio of 16.61, a P/E/G ratio of 1.08 and a beta of 0.54.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $1.16 earnings per share for the quarter. Coca Cola Femsa had a net margin of 8.18% and a return on equity of 15.72%. The company had revenue of $3.96 billion for the quarter. Equities analysts anticipate that Coca Cola Femsa will post 6.84 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Monday, April 20th will be issued a $1.0873 dividend. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, April 20th. This represents a $4.35 annualized dividend and a yield of 4.4%. Coca Cola Femsa’s dividend payout ratio is currently 66.44%.

About Coca Cola Femsa

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.