Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Short Interest Down 14.4% in December

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 294,300 shares, a decrease of 14.4% from the December 15th total of 343,700 shares. Based on an average daily trading volume, of 157,800 shares, the short-interest ratio is currently 1.9 days. Approximately 0.6% of the company’s shares are short sold.

Coca-Cola FEMSA Trading Down 0.3 %

NYSE KOF traded down $0.24 during trading on Friday, hitting $76.09. The stock had a trading volume of 130,635 shares, compared to its average volume of 105,072. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $127.88 billion, a PE ratio of 12.92, a PEG ratio of 0.54 and a beta of 0.83. The firm has a 50 day moving average price of $78.87 and a 200 day moving average price of $84.07. Coca-Cola FEMSA has a twelve month low of $73.90 and a twelve month high of $104.38.

Coca-Cola FEMSA Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were issued a $0.7433 dividend. This represents a dividend yield of 3.7%. The ex-dividend date was Friday, December 6th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is currently 11.71%.

Institutional Investors Weigh In On Coca-Cola FEMSA

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its stake in shares of Coca-Cola FEMSA by 3.0% during the second quarter. Bank of New York Mellon Corp now owns 16,460 shares of the company’s stock worth $1,413,000 after buying an additional 476 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Coca-Cola FEMSA in the 2nd quarter valued at approximately $327,000. Envestnet Asset Management Inc. raised its holdings in shares of Coca-Cola FEMSA by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 221,697 shares of the company’s stock valued at $19,030,000 after purchasing an additional 5,166 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Coca-Cola FEMSA by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 145,059 shares of the company’s stock worth $12,447,000 after purchasing an additional 4,742 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Coca-Cola FEMSA by 8.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,747 shares of the company’s stock worth $665,000 after purchasing an additional 582 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently commented on KOF. Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and lifted their price target for the company from $93.00 to $102.00 in a research report on Tuesday, October 29th. Barclays lowered their price target on Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Finally, StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $104.75.

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.