Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Short Interest Down 5.3% in November

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Get Free Report) was the target of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 2,140,000 shares, a decrease of 5.3% from the October 31st total of 2,260,000 shares. Approximately 1.0% of the company's shares are sold short. Based on an average daily volume of 674,600 shares, the short-interest ratio is currently 3.2 days.

Analyst Upgrades and Downgrades

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

Fomento Económico Mexicano Trading Up 2.0 %

FMX stock traded up $1.71 during mid-day trading on Tuesday, reaching $89.23. The company's stock had a trading volume of 428,224 shares, compared to its average volume of 684,474. Fomento Económico Mexicano has a 12 month low of $85.30 and a 12 month high of $143.43. The company has a current ratio of 1.72, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. The business's 50 day moving average price is $95.03 and its 200 day moving average price is $104.20. The company has a market cap of $31.93 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 5.13 and a beta of 0.90.

Fomento Económico Mexicano Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Fomento Económico Mexicano during the 2nd quarter worth about $51,000. Banque Cantonale Vaudoise acquired a new stake in Fomento Económico Mexicano in the third quarter valued at approximately $55,000. Van ECK Associates Corp increased its holdings in shares of Fomento Económico Mexicano by 61.7% during the third quarter. Van ECK Associates Corp now owns 802 shares of the company's stock valued at $78,000 after acquiring an additional 306 shares in the last quarter. CWM LLC increased its holdings in shares of Fomento Económico Mexicano by 28.7% during the second quarter. CWM LLC now owns 956 shares of the company's stock valued at $103,000 after acquiring an additional 213 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new position in shares of Fomento Económico Mexicano during the second quarter worth approximately $163,000.

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.