Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Short Interest Down 53.2% in November

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) was the recipient of a significant drop in short interest in November. As of November 30th, there was short interest totalling 318,900 shares, a drop of 53.2% from the November 15th total of 681,400 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 184,200 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of KOF. Allspring Global Investments Holdings LLC bought a new stake in shares of Coca-Cola FEMSA in the 3rd quarter valued at $31,000. Ashton Thomas Private Wealth LLC bought a new stake in Coca-Cola FEMSA during the 2nd quarter valued at $32,000. Hartford Financial Management Inc. increased its stake in Coca-Cola FEMSA by 42.2% during the 3rd quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock valued at $42,000 after purchasing an additional 140 shares in the last quarter. Blue Trust Inc. increased its stake in Coca-Cola FEMSA by 490.1% during the 2nd quarter. Blue Trust Inc. now owns 478 shares of the company’s stock valued at $41,000 after purchasing an additional 397 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Coca-Cola FEMSA by 56.2% during the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $48,000 after purchasing an additional 196 shares in the last quarter.

Coca-Cola FEMSA Stock Up 0.2 %

NYSE:KOF traded up $0.19 during mid-day trading on Friday, hitting $81.30. 100,191 shares of the company’s stock were exchanged, compared to its average volume of 169,629. The company has a 50 day simple moving average of $82.54 and a 200-day simple moving average of $85.81. 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 has a fifty-two week low of $77.02 and a fifty-two week high of $104.38.

Coca-Cola FEMSA Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be given a $0.7433 dividend. The ex-dividend date is Friday, December 6th. This represents a dividend yield of 3.7%. Coca-Cola FEMSA’s dividend payout ratio (DPR) is currently 11.38%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KOF. Barclays cut their price target on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Citigroup upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and increased their price target for the company from $93.00 to $102.00 in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 3rd. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola FEMSA presently has a consensus rating of “Buy” and a consensus price target of $104.75.

Coca-Cola FEMSA Company Profile

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.