Gamco Investors INC. ET AL decreased its position in shares of Fomento Economico Mexicano SAB (NYSE:FMX) by 18.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,535 shares of the company’s stock after selling 22,450 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Fomento Economico Mexicano SAB were worth $9,851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in FMX. NN Investment Partners Holdings N.V. boosted its position in shares of Fomento Economico Mexicano SAB by 13.6% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 62,500 shares of the company’s stock valued at $5,487,000 after acquiring an additional 7,500 shares during the last quarter. Hartwell J M Limited Partnership boosted its position in shares of Fomento Economico Mexicano SAB by 14.8% during the 2nd quarter. Hartwell J M Limited Partnership now owns 5,050 shares of the company’s stock valued at $443,000 after acquiring an additional 650 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Fomento Economico Mexicano SAB during the 2nd quarter valued at about $3,568,000. Deprince Race & Zollo Inc. boosted its position in shares of Fomento Economico Mexicano SAB by 111.6% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 47,910 shares of the company’s stock valued at $4,206,000 after acquiring an additional 25,270 shares during the last quarter. Finally, Baltimore Capital Management Inc. acquired a new position in shares of Fomento Economico Mexicano SAB during the 2nd quarter valued at about $1,051,000. 19.85% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the stock. ValuEngine raised shares of Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research cut shares of Fomento Economico Mexicano SAB from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Gabelli reaffirmed a “buy” rating on shares of Fomento Economico Mexicano SAB in a research report on Monday, July 30th. UBS Group raised shares of Fomento Economico Mexicano SAB from a “neutral” rating to a “buy” rating in a research report on Monday, October 1st. Finally, JPMorgan Chase & Co. assumed coverage on shares of Fomento Economico Mexicano SAB in a research report on Monday, August 6th. They issued an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy”.

Shares of FMX opened at $90.17 on Friday. The stock has a market cap of $33.29 billion, a PE ratio of 41.72, a price-to-earnings-growth ratio of 1.58 and a beta of 0.73. Fomento Economico Mexicano SAB has a 1 year low of $80.86 and a 1 year high of $101.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.34 and a current ratio of 1.63.

The firm also recently declared a special dividend, which will be paid on Friday, November 16th. Stockholders of record on Monday, November 5th will be given a dividend of $0.7352 per share. The ex-dividend date of this dividend is Friday, November 2nd. This represents a dividend yield of 1.47%. Fomento Economico Mexicano SAB’s dividend payout ratio is presently 24.38%.

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Fomento Economico Mexicano SAB Company Profile

Fomento Económico Mexicano, SAB. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages and a chain of small-format stores. The company produces, markets, distributes, and sells Coca-Cola trademark beverages, including sparkling beverages, such as colas and flavored sparkling beverages; and waters and still beverages comprising juice, coffee, tea, milk, value-added dairy, sports, energy, and plant-based drinks.

Further Reading: Market Capitalization – What it Means for Investors

Institutional Ownership by Quarter for Fomento Economico Mexicano SAB (NYSE:FMX)

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