Short Interest in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Drops By 6.2%

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Get Free Report) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 694,700 shares, a decrease of 6.2% from the September 30th total of 741,000 shares. Based on an average daily trading volume, of 180,500 shares, the days-to-cover ratio is presently 3.8 days. Approximately 1.4% of the company's stock are short sold.

Coca-Cola FEMSA Stock Down 1.8 %

Shares of KOF traded down $1.55 during midday trading on Thursday, hitting $83.37. 178,824 shares of the company's stock traded hands, compared to its average volume of 168,131. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $140.12 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 0.70 and a beta of 0.86. The firm's fifty day moving average is $87.32 and its 200-day moving average is $89.47. Coca-Cola FEMSA has a 1 year low of $75.42 and a 1 year high of $104.38.

Coca-Cola FEMSA Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 14th were paid a $0.7811 dividend. This represents a yield of 2.6%. The ex-dividend date was Monday, October 14th. Coca-Cola FEMSA's dividend payout ratio (DPR) is presently 11.54%.

Analyst Upgrades and Downgrades

KOF has been the topic of several recent research reports. Citigroup upgraded shares of Coca-Cola FEMSA from a "neutral" rating to a "buy" rating and increased their target price for the stock from $93.00 to $102.00 in a report on Tuesday. Barclays cut their price objective on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an "overweight" rating on the stock in a report on Wednesday. UBS Group lowered their target price on Coca-Cola FEMSA from $112.00 to $102.00 and set a "buy" rating for the company in a report on Wednesday, July 10th. The Goldman Sachs Group upgraded Coca-Cola FEMSA from a "neutral" rating to a "buy" rating in a report on Tuesday, September 3rd. Finally, StockNews.com cut Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research note on Monday. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $103.91.

Institutional Trading of Coca-Cola FEMSA

Large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of Coca-Cola FEMSA during the third quarter worth $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in Coca-Cola FEMSA during the 2nd quarter worth about $32,000. Blue Trust Inc. grew 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 during the last quarter. Hartford Financial Management Inc. increased its holdings in shares of Coca-Cola FEMSA by 42.2% in the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company's stock valued at $42,000 after purchasing an additional 140 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Coca-Cola FEMSA by 56.2% in the third quarter. GAMMA Investing LLC now owns 545 shares of the company's stock worth $48,000 after purchasing an additional 196 shares during 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.