Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Short Interest Down 53.2% in November

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 318,900 shares, a drop of 53.2% from the November 15th total of 681,400 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 184,200 shares, the short-interest ratio is currently 1.7 days.

Institutional Trading of Coca-Cola FEMSA

Several institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new stake in Coca-Cola FEMSA during the third quarter valued at $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in Coca-Cola FEMSA during the second quarter worth approximately $32,000. Hartford Financial Management Inc. grew its stake in Coca-Cola FEMSA by 42.2% during the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock worth $42,000 after purchasing an additional 140 shares during the period. Blue Trust Inc. increased its holdings in Coca-Cola FEMSA by 490.1% in the second quarter. Blue Trust Inc. now owns 478 shares of the company’s stock worth $41,000 after purchasing an additional 397 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Coca-Cola FEMSA by 56.2% in the third quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock valued at $48,000 after buying an additional 196 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. The Goldman Sachs Group raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 3rd. Barclays lowered their price objective on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Citigroup raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and raised their target price for the company from $93.00 to $102.00 in a report on Tuesday, October 29th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $104.75.

Coca-Cola FEMSA Price Performance

NYSE:KOF traded up $0.19 during trading hours on Friday, hitting $81.30. 100,191 shares of the company were exchanged, compared to its average volume of 169,629. Coca-Cola FEMSA has a one year low of $77.02 and a one year high of $104.38. The company has a fifty day simple moving average of $82.54 and a 200 day simple moving average of $85.81. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

Coca-Cola FEMSA Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be given a dividend of $0.7433 per share. The ex-dividend date is Friday, December 6th. This represents a dividend yield of 3.7%. Coca-Cola FEMSA’s dividend payout ratio (DPR) is 11.38%.

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.