Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Shares Sold by Janney Capital Management LLC

Janney Capital Management LLC reduced its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,785 shares of the company’s stock after selling 2,900 shares during the period. Janney Capital Management LLC’s holdings in Fomento Económico Mexicano were worth $7,077,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FMX. Dimensional Fund Advisors LP grew its stake in Fomento Económico Mexicano by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 260,476 shares of the company’s stock valued at $28,035,000 after acquiring an additional 1,773 shares during the period. Hsbc Holdings PLC lifted its holdings in Fomento Económico Mexicano by 10.9% during the second quarter. Hsbc Holdings PLC now owns 15,408 shares of the company’s stock valued at $1,659,000 after purchasing an additional 1,513 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of Fomento Económico Mexicano by 279.8% in the second quarter. Canada Pension Plan Investment Board now owns 146,600 shares of the company’s stock valued at $15,781,000 after purchasing an additional 108,000 shares during the period. Pacer Advisors Inc. purchased a new stake in shares of Fomento Económico Mexicano during the second quarter worth about $1,578,000. Finally, Profund Advisors LLC raised its position in shares of Fomento Económico Mexicano by 3.2% during the 2nd quarter. Profund Advisors LLC now owns 7,243 shares of the company’s stock worth $780,000 after purchasing an additional 226 shares during the last quarter. 61.00% of the stock is currently owned by hedge funds and other institutional investors.

Fomento Económico Mexicano Stock Performance

NYSE:FMX opened at $84.21 on Wednesday. The company has a market cap of $30.13 billion, a P/E ratio of 21.62, a P/E/G ratio of 4.76 and a beta of 0.90. Fomento Económico Mexicano, S.A.B. de C.V. has a twelve month low of $81.07 and a twelve month high of $143.43. The company’s 50-day moving average price is $86.86 and its 200-day moving average price is $98.16. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37.

Fomento Económico Mexicano Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were issued a dividend of $0.9201 per share. This is a boost from Fomento Económico Mexicano’s previous dividend of $0.74. The ex-dividend date of this dividend was Friday, January 17th. Fomento Económico Mexicano’s payout ratio is currently 12.05%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FMX. StockNews.com upgraded Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Barclays lowered Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $126.33.

Fomento Económico Mexicano Company Profile

Fomento Económico Mexicano, SAB. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay.