Short Interest in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Declines By 16.5%

Key Points

• Short interest in Coca‑Cola FEMSA fell by 16.5% in March to 411,142 shares, implying a short‑interest ratio of about 2.0 days based on average daily volume.
• The stock opened at $95.40, has a market capitalization of $160.34 billion and a P/E of 16.01; the company reported $2.00 EPS and $4.31 billion in quarterly revenue, with analysts forecasting about 5.7 EPS for the year.
• Analyst coverage is mixed but leans positive—five Buys and four Holds—resulting in a consensus rating of “Moderate Buy” and an average price target of $111.60.

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Get Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 411,142 shares, a decrease of 16.5% from the February 26th total of 492,251 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 201,926 shares, the short-interest ratio is presently 2.0 days.

Coca Cola Femsa Price Performance

Shares of Coca Cola Femsa stock opened at $95.40 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.12. Coca Cola Femsa has a 52-week low of $80.22 and a 52-week high of $116.36. The company has a fifty day moving average of $105.04 and a 200-day moving average of $94.62. The stock has a market capitalization of $160.34 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 1.02 and a beta of 0.49.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last issued its earnings results on Saturday, February 14th. The company reported $2.00 EPS for the quarter. The company had revenue of $4.31 billion for the quarter. Coca Cola Femsa had a net margin of 8.18% and a return on equity of 15.97%. Equities research analysts expect that Coca Cola Femsa will post 5.7 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of Coca Cola Femsa from an "overweight" rating to a "neutral" rating and set a $100.00 target price for the company. in a research report on Wednesday, January 28th. Bank of America restated a "buy" rating on shares of Coca Cola Femsa in a research report on Monday, March 2nd. Bradesco Corretora raised Coca Cola Femsa to an "outperform" rating and set a $124.00 price target for the company in a research note on Wednesday, February 11th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Coca Cola Femsa in a report on Wednesday. Finally, Wall Street Zen upgraded Coca Cola Femsa from a "hold" rating to a "buy" rating in a research report on Saturday, February 14th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $111.60.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Invesco Ltd. lifted its stake in shares of Coca Cola Femsa by 3.6% in the 4th quarter. Invesco Ltd. now owns 311,979 shares of the company's stock valued at $29,547,000 after acquiring an additional 10,713 shares during the last quarter. Summit Global Investments bought a new position in Coca Cola Femsa during the 4th quarter worth approximately $1,701,000. Vident Advisory LLC increased its stake in Coca Cola Femsa by 2.4% in the 4th quarter. Vident Advisory LLC now owns 6,498 shares of the company's stock worth $615,000 after purchasing an additional 152 shares during the period. NewEdge Advisors LLC increased its stake in Coca Cola Femsa by 2,987.3% in the 4th quarter. NewEdge Advisors LLC now owns 2,192 shares of the company's stock worth $208,000 after purchasing an additional 2,121 shares during the period. Finally, Voloridge Investment Management LLC lifted its position in Coca Cola Femsa by 1.8% in the fourth quarter. Voloridge Investment Management LLC now owns 81,644 shares of the company's stock valued at $7,733,000 after purchasing an additional 1,469 shares during 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.

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