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 - Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 602,100 shares, a decline of 23.6% from the February 28th total of 787,800 shares. Currently, 0.3% of the company's shares are short sold. Based on an average daily volume of 491,900 shares, the short-interest ratio is presently 1.2 days.

Fomento Económico Mexicano Trading Down 3.0 %

Shares of NYSE:FMX traded down $3.02 during trading on Friday, reaching $98.44. 347,909 shares of the company were exchanged, compared to its average volume of 624,790. The business's fifty day simple moving average is $93.04 and its 200-day simple moving average is $92.36. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32. Fomento Económico Mexicano has a 12-month low of $81.08 and a 12-month high of $130.00. The firm has a market capitalization of $35.22 billion, a PE ratio of 25.23, a P/E/G ratio of 5.26 and a beta of 0.87.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $1.51 by ($1.05). Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. The firm had revenue of $9.99 billion for the quarter, compared to analysts' expectations of $201.67 billion. On average, research analysts anticipate that Fomento Económico Mexicano will post 5.32 EPS for the current year.

Fomento Económico Mexicano Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were issued a $0.9201 dividend. This is an increase 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 presently 11.03%.

Institutional Trading of Fomento Económico Mexicano

A number of hedge funds have recently added to or reduced their stakes in the business. Brooklyn Investment Group increased its position in Fomento Económico Mexicano by 82.8% during the 4th quarter. Brooklyn Investment Group now owns 340 shares of the company's stock valued at $29,000 after purchasing an additional 154 shares during the period. Banque Transatlantique SA purchased a new position in Fomento Económico Mexicano during the fourth quarter valued at approximately $44,000. Mather Group LLC. increased its holdings in Fomento Económico Mexicano by 179.1% during the fourth 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 bought a new position in Fomento Económico Mexicano in the fourth quarter worth approximately $51,000. Finally, Rosenberg Matthew Hamilton lifted its holdings in Fomento Económico Mexicano by 30.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock worth $65,000 after buying an additional 176 shares during the period. 61.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FMX has been the topic of a number of recent analyst reports. UBS Group increased their price objective on shares of Fomento Económico Mexicano from $94.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, March 14th. The Goldman Sachs Group reduced their price target on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating on the stock in a report on Tuesday, January 28th. Finally, Barclays boosted their price objective on Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an "equal weight" rating in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Fomento Económico Mexicano has a consensus rating of "Hold" and an average target price of $103.95.

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.