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:KOFGet Free Report) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 355,300 shares, a decline of 9.8% from the December 15th total of 393,700 shares. Based on an average trading volume of 151,300 shares, the short-interest ratio is currently 2.3 days. Approximately 0.7% of the company’s shares are short sold.

Institutional Investors Weigh In On Coca-Cola FEMSA

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Capital Advisors Group LLC. purchased a new stake in Coca-Cola FEMSA during the 2nd quarter worth approximately $51,000. Signaturefd LLC grew its position in shares of Coca-Cola FEMSA by 48.7% in the 3rd quarter. Signaturefd LLC now owns 898 shares of the company’s stock worth $70,000 after acquiring an additional 294 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Coca-Cola FEMSA in the 3rd quarter worth approximately $105,000. Wellington Shields Capital Management LLC acquired a new position in shares of Coca-Cola FEMSA in the 4th quarter worth approximately $102,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Coca-Cola FEMSA by 16.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,820 shares of the company’s stock worth $106,000 after acquiring an additional 257 shares in the last quarter.

Coca-Cola FEMSA Stock Down 0.5 %

Shares of NYSE:KOF opened at $90.90 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.04 and a debt-to-equity ratio of 0.51. Coca-Cola FEMSA has a one year low of $69.33 and a one year high of $99.34. The business’s 50-day simple moving average is $89.83 and its 200 day simple moving average is $83.90.

Coca-Cola FEMSA (NYSE:KOFGet Free Report) last announced its earnings results on Tuesday, October 24th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.34 by $0.16. The business had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.51 billion. Coca-Cola FEMSA had a return on equity of 16.72% and a net margin of 8.75%. As a group, equities research analysts forecast that Coca-Cola FEMSA will post 5.77 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Jefferies Financial Group assumed coverage on Coca-Cola FEMSA in a report on Monday, December 4th. They set a “buy” rating and a $100.57 price objective for the company. Citigroup assumed coverage on Coca-Cola FEMSA in a report on Thursday, December 7th. They set a “neutral” rating and a $90.00 price objective for the company. StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Friday, January 5th. Finally, UBS Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $83.00 to $109.00 in a report on Friday, January 12th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $105.28.

View Our Latest Stock Analysis on KOF

About Coca-Cola FEMSA

(Get Free Report)

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.

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