Dynamic Technology Lab Private Ltd Purchases 15,296 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Dynamic Technology Lab Private Ltd increased its stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 274.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 20,872 shares of the company's stock after buying an additional 15,296 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Fomento Económico Mexicano were worth $2,060,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Dynasty Wealth Management LLC acquired a new position in Fomento Económico Mexicano in the 1st quarter valued at $1,059,000. Zimmer Partners LP grew its stake in shares of Fomento Económico Mexicano by 377.8% in the first quarter. Zimmer Partners LP now owns 215,000 shares of the company's stock valued at $28,008,000 after acquiring an additional 170,000 shares in the last quarter. Virtu Financial LLC increased its position in Fomento Económico Mexicano by 41.6% during the first quarter. Virtu Financial LLC now owns 6,865 shares of the company's stock worth $894,000 after acquiring an additional 2,018 shares during the period. EverSource Wealth Advisors LLC raised its stake in Fomento Económico Mexicano by 8.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,279 shares of the company's stock worth $167,000 after purchasing an additional 105 shares in the last quarter. Finally, Baker Ellis Asset Management LLC boosted its holdings in Fomento Económico Mexicano by 0.3% in the 2nd quarter. Baker Ellis Asset Management LLC now owns 43,446 shares of the company's stock valued at $4,677,000 after purchasing an additional 140 shares during the period.

Analyst Ratings Changes

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

Fomento Económico Mexicano Price Performance

Shares of Fomento Económico Mexicano stock traded down $0.93 during trading on Tuesday, reaching $87.57. 476,063 shares of the company's stock were exchanged, compared to its average volume of 683,858. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 1.72. Fomento Económico Mexicano, S.A.B. de C.V. has a 1-year low of $86.13 and a 1-year high of $143.43. The company has a market cap of $31.33 billion, a P/E ratio of 22.45, a PEG ratio of 5.10 and a beta of 0.94. The firm's 50-day moving average price is $96.39 and its 200 day moving average price is $105.38.

Fomento Económico Mexicano Cuts Dividend

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