Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Shares Sold by Amundi

Amundi lowered its stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 555,331 shares of the company's stock after selling 40,720 shares during the quarter. Amundi owned approximately 0.16% of Fomento Económico Mexicano worth $46,553,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FMX. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Fomento Económico Mexicano during the 4th quarter worth $274,000. Callan Family Office LLC purchased a new position in shares of Fomento Económico Mexicano during the 4th quarter worth $372,000. Raymond James Financial Inc. purchased a new position in shares of Fomento Económico Mexicano during the 4th quarter worth $813,000. Aigen Investment Management LP lifted its stake in shares of Fomento Económico Mexicano by 20.2% during the 4th quarter. Aigen Investment Management LP now owns 20,199 shares of the company's stock worth $1,727,000 after purchasing an additional 3,399 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of Fomento Económico Mexicano by 3,079.5% during the 4th quarter. Assetmark Inc. now owns 4,038 shares of the company's stock worth $345,000 after purchasing an additional 3,911 shares during the period. Hedge funds and other institutional investors own 61.00% of the company's stock.

Analysts Set New Price Targets

FMX has been the topic of a number of recent analyst reports. Barclays increased their price target on Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. The Goldman Sachs Group reduced their price target on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. Finally, UBS Group increased their price target on Fomento Económico Mexicano from $94.00 to $107.00 and gave the stock a "neutral" rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $103.95.

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Fomento Económico Mexicano Trading Up 1.4 %

Shares of FMX stock traded up $1.33 on Friday, reaching $99.04. 680,980 shares of the stock were exchanged, compared to its average volume of 540,767. The stock has a market cap of $35.43 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 5.26 and a beta of 0.87. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $88.73 and a two-hundred day moving average of $92.63. Fomento Económico Mexicano, S.A.B. de C.V. has a 1-year low of $81.07 and a 1-year high of $131.56.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $1.51 by ($1.05). The firm had revenue of $9.99 billion for the quarter, compared to analyst estimates of $201.67 billion. Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. On average, research analysts anticipate that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 EPS for the current year.

Fomento Económico Mexicano Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were issued a $0.9201 dividend. This is an increase from Fomento Económico Mexicano's previous dividend of $0.74. The ex-dividend date was Friday, January 17th. Fomento Económico Mexicano's dividend payout ratio is currently 11.03%.

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.