Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Short Interest Update
by Jessica Moore · The Cerbat GemCoca Cola Femsa S.A.B. de C.V. (NYSE:KOF – Get Free Report) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 561,734 shares, an increase of 30.9% from the December 15th total of 428,994 shares. Based on an average daily volume of 154,928 shares, the days-to-cover ratio is presently 3.6 days. Based on an average daily volume of 154,928 shares, the days-to-cover ratio is presently 3.6 days.
Coca Cola Femsa Price Performance
Coca Cola Femsa stock traded down $2.00 during mid-day trading on Monday, hitting $99.15. The company’s stock had a trading volume of 450,126 shares, compared to its average volume of 143,321. Coca Cola Femsa has a one year low of $72.68 and a one year high of $102.68. The company has a 50 day moving average of $92.50 and a 200-day moving average of $88.09. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.90 and a current ratio of 1.10.
Coca Cola Femsa (NYSE:KOF – Get Free Report) last posted its quarterly earnings results on Friday, October 24th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.03. Coca Cola Femsa had a net margin of 8.13% and a return on equity of 15.79%. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.96 billion. On average, sell-side analysts forecast that Coca Cola Femsa will post 5.7 earnings per share for the current year.
Coca Cola Femsa Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Monday, December 8th were given a $0.9979 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.99 dividend on an annualized basis and a dividend yield of 4.0%. Coca Cola Femsa’s dividend payout ratio (DPR) is presently 64.29%.
Institutional Investors Weigh In On Coca Cola Femsa
A number of large investors have recently made changes to their positions in KOF. Caitong International Asset Management Co. Ltd increased its stake in shares of Coca Cola Femsa by 482.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock worth $28,000 after acquiring an additional 275 shares during the period. Huntington National Bank acquired a new position in shares of Coca Cola Femsa in the 3rd quarter valued at about $37,000. MAI Capital Management boosted its stake in shares of Coca Cola Femsa by 103.6% in the second 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. Triumph Capital Management acquired a new stake in Coca Cola Femsa during the third quarter worth about $49,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Coca Cola Femsa by 46.8% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 678 shares of the company’s stock valued at $66,000 after acquiring an additional 216 shares in the last quarter.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on KOF shares. UBS Group upped their price target on Coca Cola Femsa from $109.00 to $111.00 and gave the company a “buy” rating in a report on Friday, January 9th. Zacks Research upgraded Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Barclays reiterated an “equal weight” rating and issued a $98.00 price objective on shares of Coca Cola Femsa in a research note on Tuesday, December 2nd. Wall Street Zen upgraded Coca Cola Femsa from a “hold” rating to a “buy” rating in a research report on Saturday, December 27th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Coca Cola Femsa in a report on Friday, December 26th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.67.
Check Out Our Latest Stock Analysis on Coca Cola Femsa
About Coca Cola Femsa
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.