Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Sees Large Decrease in Short Interest

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 347,900 shares, a decrease 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.

Institutional Trading of Coca-Cola FEMSA

Institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Coca-Cola FEMSA in the 4th quarter valued at $29,000. Steward Partners Investment Advisory LLC grew 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 buying an additional 375 shares in the last quarter. Banque de Luxembourg S.A. bought a new stake in Coca-Cola FEMSA during the fourth quarter worth $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Coca-Cola FEMSA during the fourth quarter worth $43,000. Finally, Parvin Asset Management LLC bought a new position in shares of Coca-Cola FEMSA in the 4th quarter valued at $56,000.

Coca-Cola FEMSA Trading Up 1.2 %

Shares of KOF stock traded up $1.08 during mid-day trading on Thursday, reaching $90.20. The company’s stock had a trading volume of 68,270 shares, compared to its average volume of 169,347. The company’s 50 day simple moving average is $82.18 and its 200-day simple moving average is $82.89. The firm has a market capitalization of $151.59 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 0.62 and a beta of 0.79. Coca-Cola FEMSA has a 12-month low of $72.68 and a 12-month high of $102.28. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

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

Wall Street Analyst Weigh In

KOF has been the subject of several recent research reports. Barclays boosted their price target on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. StockNews.com cut Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 13th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $104.00.

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.