Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Stock Holdings Increased by Aigen Investment Management LP

Aigen Investment Management LP increased its position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 173.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,800 shares of the company's stock after purchasing an additional 10,667 shares during the quarter. Aigen Investment Management LP's holdings in Fomento Económico Mexicano were worth $1,658,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Councilmark Asset Management LLC acquired a new stake in Fomento Económico Mexicano during the 1st quarter valued at approximately $1,155,000. Manning & Napier Advisors LLC acquired a new stake in shares of Fomento Económico Mexicano during the 2nd quarter worth approximately $2,994,000. Klein Pavlis & Peasley Financial Inc. grew its position in shares of Fomento Económico Mexicano by 29.6% during the 2nd 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. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Fomento Económico Mexicano by 740.2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 472,200 shares of the company's stock worth $50,832,000 after buying an additional 416,000 shares during the period. Finally, Perpetual Ltd grew its position in shares of Fomento Económico Mexicano by 9.4% during the 3rd quarter. Perpetual Ltd now owns 746,826 shares of the company's stock worth $73,719,000 after buying an additional 64,291 shares during the period.

Wall Street Analysts Forecast Growth

FMX has been the subject of several research reports. JPMorgan Chase & Co. downgraded shares of Fomento Económico Mexicano from an "overweight" rating to a "neutral" rating and lifted their price target for the company from $104.00 to $109.00 in a research report on Monday, September 23rd. StockNews.com raised shares of Fomento Económico Mexicano from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. Finally, Barclays lowered their target price on Fomento Económico Mexicano from $125.00 to $118.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Fomento Económico Mexicano presently has an average rating of "Hold" and a consensus target price of $128.25.

Fomento Económico Mexicano Stock Down 3.2 %

NYSE FMX traded down $3.06 on Tuesday, reaching $93.14. 417,118 shares of the stock traded hands, compared to its average volume of 684,853. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 1.72. The company has a fifty day moving average price of $99.23 and a 200-day moving average price of $107.68. The company has a market cap of $33.32 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 5.67 and a beta of 0.94. Fomento Económico Mexicano, S.A.B. de C.V. has a 12 month low of $93.00 and a 12 month high of $143.43.

Fomento Económico Mexicano Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Monday, October 28th. Investors of record on Wednesday, October 16th were issued a $0.864 dividend. The ex-dividend date was Wednesday, October 16th. This represents a yield of 0.87%. Fomento Económico Mexicano's payout ratio is 12.82%.

Fomento Económico Mexicano 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.