Crossmark Global Holdings Inc. Sells 1,249 Shares of Fomento Economico Mexicano SAB (FMX)

Crossmark Global Holdings Inc. reduced its holdings in Fomento Economico Mexicano SAB (NYSE:FMX) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,066 shares of the company’s stock after selling 1,249 shares during the period. Crossmark Global Holdings Inc.’s holdings in Fomento Economico Mexicano SAB were worth $3,273,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. ClariVest Asset Management LLC boosted its holdings in Fomento Economico Mexicano SAB by 8.5% in the 3rd quarter. ClariVest Asset Management LLC now owns 112,193 shares of the company’s stock valued at $11,103,000 after purchasing an additional 8,800 shares during the period. AGF Investments Inc. boosted its holdings in Fomento Economico Mexicano SAB by 1.6% in the 3rd quarter. AGF Investments Inc. now owns 177,169 shares of the company’s stock valued at $17,534,000 after purchasing an additional 2,715 shares during the period. Wetherby Asset Management Inc. boosted its holdings in Fomento Economico Mexicano SAB by 17.6% in the 3rd quarter. Wetherby Asset Management Inc. now owns 3,744 shares of the company’s stock valued at $371,000 after purchasing an additional 561 shares during the period. Cidel Asset Management Inc. bought a new stake in Fomento Economico Mexicano SAB in the 3rd quarter valued at about $212,000. Finally, Columbia Asset Management bought a new stake in Fomento Economico Mexicano SAB in the 3rd quarter valued at about $144,000. Hedge funds and other institutional investors own 19.84% of the company’s stock.

Shares of Fomento Economico Mexicano SAB stock opened at $86.80 on Friday. Fomento Economico Mexicano SAB has a 1-year low of $80.86 and a 1-year high of $101.12. The company has a quick ratio of 1.34, a current ratio of 1.63 and a debt-to-equity ratio of 0.36. The company has a market cap of $31.06 billion, a PE ratio of 38.92, a PEG ratio of 1.47 and a beta of 0.73.

The company also recently declared a special dividend, which was paid on Friday, November 16th. Stockholders of record on Monday, November 5th were issued a dividend of $0.7352 per share. This represents a dividend yield of 1.47%. The ex-dividend date was Friday, November 2nd. Fomento Economico Mexicano SAB’s dividend payout ratio (DPR) is presently 22.55%.

A number of analysts have issued reports on the stock. ValuEngine downgraded shares of Fomento Economico Mexicano SAB from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. JPMorgan Chase & Co. assumed coverage on shares of Fomento Economico Mexicano SAB in a report on Monday, August 6th. They issued an “overweight” rating for the company. UBS Group raised shares of Fomento Economico Mexicano SAB from a “neutral” rating to a “buy” rating in a report on Monday, October 1st. Gabelli reissued a “buy” rating on shares of Fomento Economico Mexicano SAB in a report on Monday, July 30th. Finally, Zacks Investment Research downgraded shares of Fomento Economico Mexicano SAB from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Fomento Economico Mexicano SAB has a consensus rating of “Hold”.

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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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