Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Short Interest Up 34.0% in February

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Get Free Report) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 400,200 shares, an increase of 34.0% from the January 31st total of 298,600 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 174,200 shares, the days-to-cover ratio is presently 2.3 days.

Hedge Funds Weigh In On Coca-Cola FEMSA

Several large investors have recently modified their holdings of the stock. Corvex Management LP lifted its holdings in Coca-Cola FEMSA by 138.9% during the 4th quarter. Corvex Management LP now owns 1,066,108 shares of the company's stock worth $83,039,000 after buying an additional 619,931 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Coca-Cola FEMSA by 90.5% during the third quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company's stock worth $70,672,000 after purchasing an additional 378,325 shares during the last quarter. Itau Unibanco Holding S.A. lifted its stake in Coca-Cola FEMSA by 59.8% during the third quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company's stock worth $68,297,000 after purchasing an additional 304,197 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Coca-Cola FEMSA by 14.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company's stock worth $95,496,000 after purchasing an additional 157,530 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Coca-Cola FEMSA by 73.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company's stock valued at $23,160,000 after purchasing an additional 110,926 shares during the last quarter.

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Analysts Set New Price Targets

A number of analysts recently commented on the company. StockNews.com cut Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research report on Tuesday. Barclays upped their price objective on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $104.00.

Coca-Cola FEMSA Stock Down 1.3 %

KOF traded down $1.15 during trading hours on Friday, reaching $86.34. 99,066 shares of the stock traded hands, compared to its average volume of 200,956. The firm's fifty day simple moving average is $80.28 and its two-hundred day simple moving average is $82.91. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. The company has a market cap of $145.11 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 0.62 and a beta of 0.83. Coca-Cola FEMSA has a fifty-two week low of $72.68 and a fifty-two week high of $102.28.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.22. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.49 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. As a group, analysts forecast that Coca-Cola FEMSA will post 5.7 earnings per share for the current fiscal year.

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.