Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 93,700 shares, a drop of 7.9% from the December 15th total of 101,700 shares. Based on an average daily volume of 126,500 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the shares of the company are short sold.

A number of equities analysts have recently weighed in on the company. ValuEngine upgraded Coca-Cola FEMSA from a “sell” rating to a “hold” rating in a research note on Friday, December 13th. Bank of America upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Friday, November 1st. Zacks Investment Research lowered Coca-Cola FEMSA from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, Citigroup upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Coca-Cola FEMSA currently has an average rating of “Buy” and an average target price of $67.75.

Shares of NYSE KOF traded up $0.62 during trading hours on Thursday, reaching $61.04. 146,200 shares of the stock were exchanged, compared to its average volume of 93,482. The firm has a market capitalization of $12.83 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 1.83 and a beta of 0.63. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.93 and a current ratio of 1.10. Coca-Cola FEMSA has a 52 week low of $54.14 and a 52 week high of $69.00. The stock’s fifty day simple moving average is $59.93 and its 200 day simple moving average is $59.92.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings data on Friday, October 25th. The company reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.08. Coca-Cola FEMSA had a return on equity of 9.99% and a net margin of 8.14%. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.51 billion. Research analysts predict that Coca-Cola FEMSA will post 3.47 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Manning & Napier Group LLC increased its stake in Coca-Cola FEMSA by 2.4% during the 4th quarter. Manning & Napier Group LLC now owns 33,826 shares of the company’s stock worth $2,050,000 after acquiring an additional 777 shares during the period. Barclays PLC increased its stake in Coca-Cola FEMSA by 43.0% during the 3rd quarter. Barclays PLC now owns 9,730 shares of the company’s stock worth $590,000 after acquiring an additional 2,924 shares during the period. Virtu Financial LLC increased its stake in Coca-Cola FEMSA by 35.1% during the 3rd quarter. Virtu Financial LLC now owns 26,774 shares of the company’s stock worth $1,623,000 after acquiring an additional 6,959 shares during the period. Tower Research Capital LLC TRC increased its stake in Coca-Cola FEMSA by 160.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,849 shares of the company’s stock worth $112,000 after acquiring an additional 1,140 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Coca-Cola FEMSA by 15.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 11,289 shares of the company’s stock worth $684,000 after acquiring an additional 1,489 shares during the period. Hedge funds and other institutional investors own 6.93% of the company’s stock.

Coca-Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and still beverages, such as juice drinks, coffee, teas, milk, value-added dairy, sports drinks, energy drinks, and plant-based drinks.

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