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

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

Coca-Cola FEMSA Price Performance

NYSE:KOF traded down $0.24 during midday trading on Friday, reaching $76.09. The company had a trading volume of 130,635 shares, compared to its average volume of 150,476. Coca-Cola FEMSA has a 12-month low of $73.90 and a 12-month high of $104.38. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The stock’s fifty day simple moving average is $79.00 and its 200-day simple moving average is $84.09.

Coca-Cola FEMSA Cuts Dividend

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

Wall Street Analysts Forecast Growth

KOF has been the subject of several research analyst reports. StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and raised their target price for the company from $93.00 to $102.00 in a report on Tuesday, October 29th. Finally, Barclays cut their price target on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Coca-Cola FEMSA presently has a consensus rating of “Buy” and an average price target of $104.75.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Hartford Financial Management Inc. increased its holdings in shares of Coca-Cola FEMSA by 42.2% in the 3rd quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock valued at $42,000 after acquiring an additional 140 shares during the last quarter. Chase Investment Counsel Corp lifted its stake in Coca-Cola FEMSA by 4.4% during the second quarter. Chase Investment Counsel Corp now owns 4,595 shares of the company’s stock worth $394,000 after purchasing an additional 192 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Coca-Cola FEMSA by 56.2% in the third 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. Kathmere Capital Management LLC increased its stake in Coca-Cola FEMSA by 3.0% in the fourth quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company’s stock valued at $545,000 after purchasing an additional 206 shares during the last quarter. Finally, Americana Partners LLC raised its holdings in Coca-Cola FEMSA by 5.4% during the third quarter. Americana Partners LLC now owns 4,150 shares of the company’s stock worth $368,000 after purchasing an additional 213 shares in the last quarter.

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.