Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Short Interest Down 39.8% in May

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 146,600 shares, a drop of 39.8% from the April 30th total of 243,500 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 223,000 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On Coca-Cola FEMSA

Several hedge funds have recently bought and sold shares of the company. Strs Ohio purchased a new stake in shares of Coca-Cola FEMSA during the 1st quarter valued at $1,455,000. Ascent Group LLC bought a new stake in Coca-Cola FEMSA during the 1st quarter valued at $249,000. Jones Financial Companies Lllp increased its position in Coca-Cola FEMSA by 211.4% during the 1st quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company's stock valued at $451,000 after purchasing an additional 3,351 shares during the period. NewEdge Advisors LLC increased its position in Coca-Cola FEMSA by 230,700.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,308 shares of the company's stock valued at $211,000 after purchasing an additional 2,307 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new position in Coca-Cola FEMSA during the 1st quarter valued at $88,634,000.

Coca-Cola FEMSA Stock Up 2.2%

Shares of Coca-Cola FEMSA stock traded up $2.10 during trading on Monday, reaching $97.10. 113,478 shares of the company traded hands, compared to its average volume of 192,146. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. Coca-Cola FEMSA has a 1-year low of $72.68 and a 1-year high of $101.74. The company has a 50 day moving average price of $94.00 and a 200-day moving average price of $85.73. The firm has a market capitalization of $163.19 billion, a PE ratio of 16.48, a P/E/G ratio of 0.62 and a beta of 0.63.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.19. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.44 billion. As a group, equities research analysts expect that Coca-Cola FEMSA will post 5.7 earnings per share for the current fiscal year.

Coca-Cola FEMSA Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, May 5th. Shareholders of record on Tuesday, April 22nd were given a dividend of $0.8839 per share. This represents a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, April 22nd. This is a positive change from Coca-Cola FEMSA's previous semi-annual dividend of $0.74. Coca-Cola FEMSA's dividend payout ratio (DPR) is currently 13.76%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KOF. Wall Street Zen upgraded shares of Coca-Cola FEMSA from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. UBS Group raised their price objective on shares of Coca-Cola FEMSA from $106.00 to $109.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Barclays raised 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 report on Tuesday, March 4th. Morgan Stanley raised shares of Coca-Cola FEMSA from an "equal weight" rating to an "overweight" rating in a report on Monday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Coca-Cola FEMSA from $107.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $106.50.

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.