Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Short Interest Update

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 2,320,000 shares, an increase of 45.0% from the June 15th total of 1,600,000 shares. Based on an average daily trading volume, of 721,200 shares, the days-to-cover ratio is currently 3.2 days. Approximately 1.1% of the shares of the company are short sold.

Institutional Trading of Fomento Económico Mexicano

Institutional investors and hedge funds have recently modified their holdings of the business. Headlands Technologies LLC boosted its holdings in shares of Fomento Económico Mexicano by 448.6% in the 4th quarter. Headlands Technologies LLC now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 166 shares in the last quarter. Park Place Capital Corp raised its stake in shares of Fomento Económico Mexicano by 78.2% during the first quarter. Park Place Capital Corp now owns 221 shares of the company’s stock worth $29,000 after acquiring an additional 97 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Fomento Económico Mexicano during the first quarter worth approximately $34,000. Van ECK Associates Corp boosted its stake in shares of Fomento Económico Mexicano by 48.6% in the 4th quarter. Van ECK Associates Corp now owns 318 shares of the company’s stock valued at $41,000 after purchasing an additional 104 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Fomento Económico Mexicano by 22.1% during the 4th quarter. Parallel Advisors LLC now owns 741 shares of the company’s stock valued at $97,000 after purchasing an additional 134 shares during the last quarter.

Fomento Económico Mexicano Stock Performance

Shares of NYSE FMX traded up $1.90 during trading on Friday, reaching $117.50. 1,223,132 shares of the stock traded hands, compared to its average volume of 587,157. The stock has a market capitalization of $42.04 billion, a P/E ratio of 31.84, a price-to-earnings-growth ratio of 4.33 and a beta of 0.94. Fomento Económico Mexicano has a 52-week low of $99.24 and a 52-week high of $143.43. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.95 and a quick ratio of 1.63. The company has a 50-day moving average of $112.97 and a 200-day moving average of $122.94.

Fomento Económico Mexicano (NYSE:FMX) last announced its quarterly earnings results on Friday, April 26th. The company reported $0.47 earnings per share for the quarter. The company had revenue of $10.76 billion during the quarter. Fomento Económico Mexicano had a return on equity of 8.20% and a net margin of 2.91%. Analysts forecast that Fomento Económico Mexicano will post 5.33 EPS for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 17th will be issued a $1.0206 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a dividend yield of 1.5%. This is a boost from Fomento Económico Mexicano’s previous semi-annual dividend of $0.74. Fomento Económico Mexicano’s dividend payout ratio is presently 16.80%.

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.