Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Shares Acquired by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. boosted its position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,507 shares of the company’s stock after purchasing an additional 1,402 shares during the quarter. Fomento Económico Mexicano makes up 2.0% of Klein Pavlis & Peasley Financial Inc.’s portfolio, making the stock its 16th biggest holding. Klein Pavlis & Peasley Financial Inc.’s holdings in Fomento Económico Mexicano were worth $2,518,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Claro Advisors LLC grew its stake in Fomento Económico Mexicano by 17.4% in the 1st quarter. Claro Advisors LLC now owns 2,149 shares of the company’s stock valued at $280,000 after acquiring an additional 318 shares during the last quarter. Park Place Capital Corp grew its position in shares of Fomento Económico Mexicano by 78.2% in the first quarter. Park Place Capital Corp now owns 221 shares of the company’s stock valued at $29,000 after purchasing an additional 97 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Fomento Económico Mexicano by 30.6% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,350 shares of the company’s stock worth $306,000 after purchasing an additional 550 shares in the last quarter. Norden Group LLC acquired a new position in shares of Fomento Económico Mexicano during the 1st quarter worth approximately $404,000. Finally, Diversify Advisory Services LLC purchased a new stake in Fomento Económico Mexicano in the 1st quarter valued at approximately $809,000.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on FMX shares. Barclays dropped their price target on Fomento Económico Mexicano from $145.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, October 14th. StockNews.com upgraded Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research report on Saturday, October 19th. Finally, JPMorgan Chase & Co. lowered shares of Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and upped their target price for the company from $104.00 to $109.00 in a report on Monday, September 23rd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Fomento Económico Mexicano currently has a consensus rating of “Hold” and a consensus target price of $129.40.

Fomento Económico Mexicano Stock Performance

NYSE FMX opened at $96.75 on Monday. The business’s 50-day moving average price is $101.32 and its 200 day moving average price is $109.44. The company has a current ratio of 1.72, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. Fomento Económico Mexicano, S.A.B. de C.V. has a twelve month low of $95.84 and a twelve month high of $143.43. The company has a market capitalization of $34.62 billion, a PE ratio of 26.22, a price-to-earnings-growth ratio of 5.59 and a beta of 0.94.

Fomento Económico Mexicano Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Monday, October 28th. Investors of record on Wednesday, October 16th will be given a $0.864 dividend. The ex-dividend date is Wednesday, October 16th. This represents a dividend yield of 0.87%. Fomento Económico Mexicano’s dividend payout ratio is presently 13.55%.

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.