Short Interest in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) Expands By 62.8%

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Get Free Report) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 1,268,478 shares, a growth of 62.8% from the November 30th total of 779,076 shares. Currently, 0.4% of the company's shares are short sold. Based on an average daily volume of 503,549 shares, the short-interest ratio is presently 2.5 days. Based on an average daily volume of 503,549 shares, the short-interest ratio is presently 2.5 days. Currently, 0.4% of the company's shares are short sold.Fomento Economico Mexicano Stock Up 0.4%Coca-Cola EuroPacific Partners is a tasty play on CokeFMX stock traded up $0.39 during mid-day trading on Friday, hitting $103.23. The stock had a trading volume of 170,012 shares, compared to its average volume of 491,947. Fomento Economico Mexicano has a 1-year low of $81.07 and a 1-year high of $108.74. The company has a fifty day moving average of $97.56 and a 200 day moving average of $95.71. The company has a current ratio of 1.10, a quick ratio of 0.90 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $36.94 billion, a price-to-earnings ratio of 41.63, a PEG ratio of 5.30 and a beta of 0.47. Fomento Economico Mexicano (NYSE:FMX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.18). Fomento Economico Mexicano had a return on equity of 5.01% and a net margin of 2.09%.The business had revenue of $11.72 billion during the quarter, compared to the consensus estimate of $215.60 billion. On average, equities analysts expect that Fomento Economico Mexicano will post 5.32 EPS for the current fiscal year. Fomento Economico Mexicano Increases DividendThe business also recently announced a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Thursday, October 16th were paid a $1.9982 dividend. The ex-dividend date was Thursday, October 16th. This is a boost from Fomento Economico Mexicano's previous quarterly dividend of $1.36. This represents a $7.99 annualized dividend and a dividend yield of 7.7%. Fomento Economico Mexicano's dividend payout ratio is 90.32%. Institutional Trading of Fomento Economico MexicanoA number of institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its stake in Fomento Economico Mexicano by 1.9% in the first quarter. Royal Bank of Canada now owns 5,369,981 shares of the company's stock valued at $524,003,000 after acquiring an additional 100,898 shares during the period. Citigroup Inc. boosted its holdings in Fomento Economico Mexicano by 309.6% during the second quarter. Citigroup Inc. now owns 1,714,895 shares of the company's stock valued at $176,600,000 after purchasing an additional 1,296,194 shares in the last quarter. Aberdeen Group plc grew its stake in shares of Fomento Economico Mexicano by 10.8% in the 2nd quarter. Aberdeen Group plc now owns 1,155,766 shares of the company's stock valued at $119,414,000 after purchasing an additional 112,813 shares during the period. ANTIPODES PARTNERS Ltd grew its stake in shares of Fomento Economico Mexicano by 24.1% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,144,880 shares of the company's stock valued at $112,928,000 after purchasing an additional 222,064 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Fomento Economico Mexicano by 67.8% in the 3rd quarter. Invesco Ltd. now owns 1,046,906 shares of the company's stock worth $103,256,000 after buying an additional 423,073 shares in the last quarter. 61.00% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast GrowthA number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Fomento Economico Mexicano from $96.00 to $102.00 and gave the stock a "neutral" rating in a research note on Monday, October 20th. Citigroup upgraded shares of Fomento Economico Mexicano from a "neutral" rating to a "buy" rating and raised their target price for the stock from $93.00 to $97.00 in a report on Tuesday, September 9th. Barclays dropped their target price on shares of Fomento Economico Mexicano from $107.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Monday, November 3rd. UBS Group upgraded shares of Fomento Economico Mexicano from a "neutral" rating to a "buy" rating and reduced their price target for the company from $115.00 to $111.00 in a research report on Friday, September 19th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Fomento Economico Mexicano in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $101.63.Get Our Latest Stock Analysis on Fomento Economico MexicanoFomento Economico Mexicano Company Profile (Get Free Report)Fomento Económico Mexicano, SAB. de C.V. (FEMSA) is a Mexican multinational company active primarily in the retail and beverage sectors. Headquartered in Monterrey, Mexico, FEMSA's operations span convenience store retailing, beverage bottling and distribution, and related logistics and consumer services. The company's business model combines high-frequency retail outlets with large-scale beverage production and a regional supply chain network. FEMSA Comercio, the company's retail arm, operates a large chain of convenience stores under the OXXO brand and has expanded its retail footprint with complementary formats and services.Recommended StoriesFive stocks we like better than Fomento Economico MexicanoWall Street Stockpicker Names #1 Stock of 2026Turn your "dead money" into $306+ monthly (starting this month)“$6.6 Trillion Of Customer Bank Deposits At Risk”A month before the crashYour “birthright claim” just got activatedThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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