Janus Henderson Group PLC Grows Holdings in Fomento Economico Mexicano SAB (FMX)

Janus Henderson Group PLC raised its position in Fomento Economico Mexicano SAB (NYSE:FMX) by 41.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,431,752 shares of the company’s stock after acquiring an additional 716,802 shares during the quarter. Janus Henderson Group PLC owned approximately 0.68% of Fomento Economico Mexicano SAB worth $240,751,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bank of Montreal Can acquired a new position in shares of Fomento Economico Mexicano SAB during the second quarter worth $3,568,000. Acadian Asset Management LLC acquired a new position in Fomento Economico Mexicano SAB in the second quarter valued at $22,449,000. Massachusetts Financial Services Co. MA lifted its holdings in Fomento Economico Mexicano SAB by 26.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 71,980 shares of the company’s stock valued at $6,319,000 after buying an additional 14,924 shares during the period. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in Fomento Economico Mexicano SAB by 9.2% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 82,483 shares of the company’s stock valued at $7,241,000 after buying an additional 6,948 shares during the period. Finally, TD Asset Management Inc. lifted its holdings in Fomento Economico Mexicano SAB by 7.0% in the second quarter. TD Asset Management Inc. now owns 31,697 shares of the company’s stock valued at $2,783,000 after buying an additional 2,060 shares during the period. 19.84% of the stock is owned by institutional investors.

Several equities analysts recently issued reports on the stock. ValuEngine upgraded shares of Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a report on Wednesday, November 7th. Zacks Investment Research lowered shares of Fomento Economico Mexicano SAB from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. Gabelli restated a “buy” rating on shares of Fomento Economico Mexicano SAB in a report on Monday, July 30th. UBS Group upgraded shares of Fomento Economico Mexicano SAB from a “neutral” rating to a “buy” rating in a report on Monday, October 1st. Finally, JPMorgan Chase & Co. assumed coverage on shares of Fomento Economico Mexicano SAB in a report on Monday, August 6th. They issued an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold”.

FMX stock opened at $86.80 on Friday. The firm has a market capitalization of $31.06 billion, a P/E ratio of 14.39, a PEG ratio of 1.47 and a beta of 0.73. The company has a current ratio of 1.63, a quick ratio of 1.34 and a debt-to-equity ratio of 0.36. Fomento Economico Mexicano SAB has a 12-month low of $80.86 and a 12-month high of $101.12.

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

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Fomento Economico Mexicano SAB Company Profile

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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