Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Short Interest Update

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

Institutional Trading of Coca-Cola FEMSA

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Coca-Cola FEMSA by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 145,059 shares of the company's stock worth $12,447,000 after buying an additional 4,742 shares in the last quarter. Creative Planning boosted its stake in Coca-Cola FEMSA by 13.7% during the 2nd quarter. Creative Planning now owns 9,842 shares of the company's stock valued at $845,000 after purchasing an additional 1,184 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Coca-Cola FEMSA by 5.7% in the 2nd quarter. Cetera Investment Advisers now owns 11,599 shares of the company's stock worth $996,000 after purchasing an additional 629 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Coca-Cola FEMSA in the 2nd quarter worth about $1,317,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Coca-Cola FEMSA during the second quarter valued at approximately $1,528,000.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on KOF shares. Barclays reduced their price objective on 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. StockNews.com raised Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 5th. Finally, Citigroup upgraded shares of Coca-Cola FEMSA from a "neutral" rating to a "buy" rating and raised their target price for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $104.75.

Coca-Cola FEMSA Trading Up 0.5 %

Shares of KOF stock traded up $0.42 during trading hours on Tuesday, reaching $77.70. The company's stock had a trading volume of 183,371 shares, compared to its average volume of 189,390. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. Coca-Cola FEMSA has a one year low of $72.68 and a one year high of $104.38. The stock has a market capitalization of $130.58 billion, a P/E ratio of 13.19, a P/E/G ratio of 0.57 and a beta of 0.83. The firm's fifty day simple moving average is $78.48 and its 200 day simple moving average is $83.35.

Coca-Cola FEMSA Cuts Dividend

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

About Coca-Cola FEMSA

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.