UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 607 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 2.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,335 shares of the company’s stock after purchasing an additional 607 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Fomento Económico Mexicano were worth $2,994,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC grew its holdings in Fomento Económico Mexicano by 28.7% during the 2nd quarter. CWM LLC now owns 956 shares of the company’s stock worth $103,000 after acquiring an additional 213 shares in the last quarter. SG Americas Securities LLC increased its holdings in Fomento Económico Mexicano by 67.3% during the second quarter. SG Americas Securities LLC now owns 2,862 shares of the company’s stock valued at $308,000 after buying an additional 1,151 shares during the period. Blue Trust Inc. increased its holdings in Fomento Económico Mexicano by 49.5% during the second quarter. Blue Trust Inc. now owns 3,937 shares of the company’s stock valued at $424,000 after buying an additional 1,304 shares during the period. Easterly Investment Partners LLC bought a new position in Fomento Económico Mexicano in the second quarter worth approximately $1,873,000. Finally, Klein Pavlis & Peasley Financial Inc. lifted its holdings in Fomento Económico Mexicano by 29.6% during the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 24,105 shares of the company’s stock worth $2,595,000 after buying an additional 5,505 shares during the period. 61.00% of the stock is owned by hedge funds and other institutional investors.

Fomento Económico Mexicano Trading Up 0.1 %

FMX stock opened at $88.65 on Friday. Fomento Económico Mexicano, S.A.B. de C.V. has a 52-week low of $85.30 and a 52-week high of $143.43. The company has a quick ratio of 1.44, a current ratio of 1.72 and a debt-to-equity ratio of 0.36. The firm has a market cap of $31.72 billion, a P/E ratio of 22.73, a PEG ratio of 5.23 and a beta of 0.90. The company’s 50-day simple moving average is $93.52 and its 200-day simple moving average is $102.86.

Fomento Económico Mexicano Cuts Dividend

The business also recently announced an annual dividend, which was paid on Monday, October 28th. Stockholders of record on Wednesday, October 16th were paid a dividend of $0.864 per share. The ex-dividend date was Wednesday, October 16th. This represents a dividend yield of 0.87%. Fomento Económico Mexicano’s dividend payout ratio is currently 12.82%.

Analyst Ratings Changes

FMX has been the subject of several recent research reports. JPMorgan Chase & Co. lowered Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $104.00 to $109.00 in a research report on Monday, September 23rd. StockNews.com upgraded shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, Barclays lowered their price target on shares of Fomento Económico Mexicano from $125.00 to $118.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $126.33.

About Fomento Económico Mexicano

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.