77,720 Shares in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Bought by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 77,720 shares of the company's stock, valued at approximately $7,672,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Fomento Económico Mexicano during the second quarter worth approximately $51,000. Banque Cantonale Vaudoise acquired a new stake in Fomento Económico Mexicano during the third quarter worth approximately $55,000. Van ECK Associates Corp grew its position in Fomento Económico Mexicano by 61.7% during the third quarter. Van ECK Associates Corp now owns 802 shares of the company's stock worth $78,000 after buying an additional 306 shares in the last quarter. CWM LLC grew its position in Fomento Económico Mexicano by 28.7% during the second quarter. CWM LLC now owns 956 shares of the company's stock worth $103,000 after buying an additional 213 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new stake in Fomento Económico Mexicano during the second quarter worth approximately $163,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. downgraded Fomento Económico Mexicano from an "overweight" rating to a "neutral" rating and increased their price target for the stock from $104.00 to $109.00 in a research report on Monday, September 23rd. StockNews.com upgraded Fomento Económico Mexicano from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. Finally, Barclays cut their target price on Fomento Económico Mexicano from $125.00 to $118.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Four 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 "Hold" and an average price target of $128.25.

Fomento Económico Mexicano Price Performance

Shares of FMX traded down $2.35 during trading hours on Wednesday, reaching $86.95. The stock had a trading volume of 1,045,703 shares, compared to its average volume of 682,600. Fomento Económico Mexicano, S.A.B. de C.V. has a 12 month low of $86.41 and a 12 month high of $143.43. The stock has a market capitalization of $31.11 billion, a PE ratio of 22.29, a PEG ratio of 5.28 and a beta of 0.94. 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's 50-day moving average is $97.68 and its two-hundred day moving average is $106.40.

Fomento Económico Mexicano Cuts Dividend

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

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.