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) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,070,000 shares, an increase of 41.6% from the January 15th total of 755,700 shares. Based on an average trading volume of 515,200 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.5% of the shares of the stock are short sold.

Fomento Económico Mexicano Trading Up 0.8 %

Fomento Económico Mexicano stock opened at $90.40 on Friday. The stock has a market cap of $32.34 billion, a PE ratio of 23.12, a P/E/G ratio of 5.18 and a beta of 0.90. The stock has a 50-day moving average price of $86.07 and a 200 day moving average price of $95.08. Fomento Económico Mexicano has a 52 week low of $81.07 and a 52 week high of $143.43. 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 firm also recently declared a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were issued a $0.9201 dividend. 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 11.79%.

Institutional Trading of Fomento Económico Mexicano

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brooklyn Investment Group grew its holdings in Fomento Económico Mexicano by 82.8% in the 4th quarter. Brooklyn Investment Group now owns 340 shares of the company’s stock valued at $29,000 after buying an additional 154 shares during the period. Banque Cantonale Vaudoise purchased a new stake in Fomento Económico Mexicano in the 3rd quarter valued at about $55,000. Mather Group LLC. grew its holdings in Fomento Económico Mexicano by 179.1% in the 4th quarter. Mather Group LLC. now owns 575 shares of the company’s stock valued at $49,000 after buying an additional 369 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Fomento Económico Mexicano in the 4th quarter valued at about $51,000. Finally, Rosenberg Matthew Hamilton grew its holdings in Fomento Económico Mexicano by 30.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company’s stock valued at $65,000 after buying an additional 176 shares during the period. Hedge funds and other institutional investors own 61.00% of the company’s stock.

Analyst Ratings Changes

FMX has been the subject of several research reports. StockNews.com raised Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Barclays cut Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group dropped their price objective on Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $108.27.

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.