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) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 234,052 shares, a decrease of 43.1% from the March 15th total of 411,142 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 191,389 shares, the short-interest ratio is presently 1.2 days.

Coca Cola Femsa Trading Up 0.4%

Coca Cola Femsa stock traded up $0.44 during mid-day trading on Wednesday, hitting $103.28. The company’s stock had a trading volume of 151,801 shares, compared to its average volume of 205,225. The firm has a market capitalization of $173.58 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 1.12 and a beta of 0.54. Coca Cola Femsa has a 1 year low of $80.22 and a 1 year high of $116.36. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The stock’s fifty day moving average is $104.17 and its two-hundred day moving average is $95.96.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Saturday, February 14th. The company reported $2.00 earnings per share for the quarter. The company had revenue of $4.31 billion during the quarter. Coca Cola Femsa had a return on equity of 15.97% and a net margin of 8.18%. On average, analysts anticipate that Coca Cola Femsa will post 5.7 EPS for the current year.

Coca Cola Femsa Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Monday, April 20th will be paid a dividend of $1.0873 per share. This represents a $4.35 dividend on an annualized basis and a yield of 4.2%. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, April 20th. Coca Cola Femsa’s payout ratio is currently 61.91%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KOF shares. The Goldman Sachs Group upped their price target on Coca Cola Femsa from $97.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Bradesco Corretora upgraded Coca Cola Femsa to an “outperform” rating and set a $124.00 price target for the company in a research report on Wednesday, February 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Wednesday, March 25th. UBS Group lowered Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Thursday, March 12th. Finally, JPMorgan Chase & Co. lowered Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research report on Wednesday, January 28th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $111.60.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Seafarer Capital Partners LLC lifted its stake in Coca Cola Femsa by 31.8% during the third quarter. Seafarer Capital Partners LLC now owns 29,000 shares of the company’s stock worth $2,410,000 after purchasing an additional 7,000 shares in the last quarter. Cullen Capital Management LLC lifted its stake in Coca Cola Femsa by 2.4% during the second quarter. Cullen Capital Management LLC now owns 531,055 shares of the company’s stock worth $51,369,000 after purchasing an additional 12,312 shares in the last quarter. ABS Direct Equity Fund LLC lifted its stake in Coca Cola Femsa by 146.9% during the third quarter. ABS Direct Equity Fund LLC now owns 18,900 shares of the company’s stock worth $1,571,000 after purchasing an additional 11,246 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Coca Cola Femsa by 7.0% during the third quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock worth $18,750,000 after purchasing an additional 14,687 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in Coca Cola Femsa by 23.0% during the third quarter. Federated Hermes Inc. now owns 189,650 shares of the company’s stock worth $15,760,000 after purchasing an additional 35,477 shares in the last quarter.

Coca Cola Femsa Company Profile

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.