Fomento Economico Mexicano SAB (FMX) Shares Sold by NN Investment Partners Holdings N.V.

NN Investment Partners Holdings N.V. trimmed its stake in Fomento Economico Mexicano SAB (NYSE:FMX) by 20.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,000 shares of the company’s stock after selling 12,500 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Fomento Economico Mexicano SAB were worth $4,949,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Engineers Gate Manager LP bought a new position in shares of Fomento Economico Mexicano SAB in the second quarter worth approximately $202,000. Oppenheimer & Co. Inc. bought a new position in shares of Fomento Economico Mexicano SAB in the third quarter worth approximately $247,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Fomento Economico Mexicano SAB in the second quarter worth approximately $255,000. Advisors Asset Management Inc. increased its position in shares of Fomento Economico Mexicano SAB by 18.2% in the second quarter. Advisors Asset Management Inc. now owns 4,168 shares of the company’s stock worth $366,000 after purchasing an additional 643 shares during the last quarter. Finally, Stevens Capital Management LP bought a new position in shares of Fomento Economico Mexicano SAB in the second quarter worth approximately $393,000. Institutional investors own 19.84% of the company’s stock.

Shares of NYSE FMX opened at $87.55 on Friday. Fomento Economico Mexicano SAB has a one year low of $80.86 and a one year high of $101.12. The company has a current ratio of 1.63, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36. The company has a market cap of $30.44 billion, a price-to-earnings ratio of 38.15, a price-to-earnings-growth ratio of 1.44 and a beta of 0.73.

The firm also recently declared a special dividend, which will be paid on Friday, November 16th. Shareholders of record on Monday, November 5th will be given a dividend of $0.7352 per share. This represents a yield of 1.47%. The ex-dividend date is Friday, November 2nd. Fomento Economico Mexicano SAB’s payout ratio is currently 23.55%.

Several research analysts recently weighed in on the stock. ValuEngine cut shares of Fomento Economico Mexicano SAB from a “buy” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. assumed coverage on shares of Fomento Economico Mexicano SAB in a research report on Monday, August 6th. They issued an “overweight” rating on the stock. UBS Group upgraded shares of Fomento Economico Mexicano SAB from a “neutral” rating to a “buy” rating in a research report on Monday, October 1st. Gabelli reiterated a “buy” rating on shares of Fomento Economico Mexicano SAB in a research report on Monday, July 30th. Finally, Zacks Investment Research cut shares of Fomento Economico Mexicano SAB from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold”.

About Fomento Economico Mexicano SAB

Fomento Económico Mexicano, SAB. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages and a chain of small-format stores. The company produces, markets, distributes, and sells Coca-Cola trademark beverages, including sparkling beverages, such as colas and flavored sparkling beverages; and waters and still beverages comprising juice, coffee, tea, milk, value-added dairy, sports, energy, and plant-based drinks.

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Institutional Ownership by Quarter for Fomento Economico Mexicano SAB (NYSE:FMX)

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