Janney Capital Management LLC Trims Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Janney Capital Management LLC lowered its position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,785 shares of the company’s stock after selling 2,900 shares during the quarter. Janney Capital Management LLC’s holdings in Fomento Económico Mexicano were worth $7,077,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FMX. Brooklyn Investment Group boosted its holdings in Fomento Económico Mexicano by 82.8% in 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 last quarter. Banque Cantonale Vaudoise purchased a new stake in Fomento Económico Mexicano in the third quarter valued at $55,000. Rosenberg Matthew Hamilton raised its position in Fomento Económico Mexicano by 30.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company’s stock valued at $65,000 after purchasing an additional 176 shares during the period. UMB Bank n.a. lifted its stake in shares of Fomento Económico Mexicano by 29.7% in the 4th quarter. UMB Bank n.a. now owns 887 shares of the company’s stock valued at $76,000 after purchasing an additional 203 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Fomento Económico Mexicano by 61.7% during the 3rd quarter. Van ECK Associates Corp now owns 802 shares of the company’s stock worth $78,000 after purchasing an additional 306 shares during the period. 61.00% of the stock is currently owned by institutional investors and hedge funds.

Fomento Económico Mexicano Stock Performance

NYSE FMX opened at $84.21 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32. The company has a market cap of $30.13 billion, a P/E ratio of 21.62, a P/E/G ratio of 4.76 and a beta of 0.90. The stock has a 50-day moving average of $86.86 and a two-hundred day moving average of $98.16. Fomento Económico Mexicano, S.A.B. de C.V. has a 1-year low of $81.07 and a 1-year high of $143.43.

Fomento Económico Mexicano Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were given a dividend of $0.9201 per share. The ex-dividend date of this dividend was Friday, January 17th. This is a positive change from Fomento Económico Mexicano’s previous dividend of $0.74. Fomento Económico Mexicano’s dividend payout ratio is currently 12.05%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FMX. Barclays lowered shares of Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a report on Tuesday. StockNews.com upgraded shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $126.33.

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.