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

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 411,142 shares, a drop of 16.5% from the February 26th total of 492,251 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 201,926 shares, the short-interest ratio is presently 2.0 days.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. The Goldman Sachs Group boosted their target price on Coca Cola Femsa from $97.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. UBS Group lowered Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Thursday, March 12th. Wall Street Zen upgraded Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Bradesco Corretora raised Coca Cola Femsa to an “outperform” rating and set a $124.00 price objective for the company in a research report on Wednesday, February 11th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Coca Cola Femsa in a research note on Wednesday, March 25th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $111.60.

Institutional Trading of Coca Cola Femsa

A number of large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its stake in shares of Coca Cola Femsa by 482.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock worth $28,000 after purchasing an additional 275 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Coca Cola Femsa by 79.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock valued at $33,000 after buying an additional 153 shares during the period. MAI Capital Management raised its position in Coca Cola Femsa by 103.6% during the 2nd quarter. MAI Capital Management now owns 395 shares of the company’s stock worth $38,000 after buying an additional 201 shares during the last quarter. Huntington National Bank purchased a new position in Coca Cola Femsa during the 3rd quarter worth $37,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Coca Cola Femsa by 490.7% in the 4th quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock worth $48,000 after acquiring an additional 422 shares during the period.

Coca Cola Femsa Stock Up 1.5%

KOF traded up $1.46 on Wednesday, reaching $99.01. The company’s stock had a trading volume of 108,639 shares, compared to its average volume of 213,269. The company has a market capitalization of $166.41 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 1.02 and a beta of 0.49. Coca Cola Femsa has a fifty-two week low of $80.22 and a fifty-two week high of $116.36. The company has a quick ratio of 0.91, a current ratio of 1.12 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average of $104.93 and a two-hundred day moving average of $94.76.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings data on Saturday, February 14th. The company reported $2.00 earnings per share for the quarter. Coca Cola Femsa had a net margin of 8.18% and a return on equity of 15.97%. The company had revenue of $4.31 billion for the quarter. As a group, analysts forecast that Coca Cola Femsa will post 5.7 EPS for the current fiscal year.

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.