Healthcare of Ontario Pension Plan Trust Fund Sells 318,900 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 67.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 153,300 shares of the company’s stock after selling 318,900 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Fomento Económico Mexicano were worth $15,132,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Manning & Napier Advisors LLC bought a new position in Fomento Económico Mexicano in the 2nd quarter valued at about $2,994,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Fomento Económico Mexicano during the 3rd quarter worth approximately $7,672,000. Klein Pavlis & Peasley Financial Inc. grew its position in shares of Fomento Económico Mexicano by 29.6% during the 2nd quarter. Klein Pavlis & Peasley Financial Inc. now owns 24,105 shares of the company’s stock worth $2,595,000 after purchasing an additional 5,505 shares in the last quarter. Perpetual Ltd grew its position in shares of Fomento Económico Mexicano by 9.4% during the 3rd quarter. Perpetual Ltd now owns 746,826 shares of the company’s stock worth $73,719,000 after purchasing an additional 64,291 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Fomento Económico Mexicano by 67.3% during the 2nd quarter. SG Americas Securities LLC now owns 2,862 shares of the company’s stock worth $308,000 after purchasing an additional 1,151 shares in the last quarter.

Fomento Económico Mexicano Trading Down 2.0 %

NYSE FMX opened at $85.81 on Friday. The firm has a market capitalization of $30.70 billion, a P/E ratio of 22.00, a PEG ratio of 5.18 and a beta of 0.94. The business has a fifty day simple moving average of $95.73 and a 200 day simple moving average of $105.11. Fomento Económico Mexicano, S.A.B. de C.V. has a 12 month low of $85.47 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.

Fomento Económico Mexicano Cuts Dividend

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

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Barclays decreased their target price on shares of Fomento Económico Mexicano from $125.00 to $118.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. cut 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 research report on Monday, September 23rd. Finally, StockNews.com upgraded Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Fomento Económico Mexicano presently has an average rating of “Hold” and an average target price of $128.25.

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.