Thomas J. Herzfeld Advisors Inc. Trims Stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Thomas J. Herzfeld Advisors Inc. cut its position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 50.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,859 shares of the company's stock after selling 7,040 shares during the period. Thomas J. Herzfeld Advisors Inc.'s holdings in Fomento Económico Mexicano were worth $586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group lifted its holdings in Fomento Económico Mexicano by 82.8% in the 4th quarter. Brooklyn Investment Group now owns 340 shares of the company's stock worth $29,000 after purchasing an additional 154 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Fomento Económico Mexicano by 179.1% in the fourth quarter. Mather Group LLC. now owns 575 shares of the company's stock worth $49,000 after buying an additional 369 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Fomento Económico Mexicano during the fourth quarter worth $51,000. Rosenberg Matthew Hamilton grew its stake in Fomento Económico Mexicano by 30.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock valued at $65,000 after acquiring an additional 176 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Fomento Económico Mexicano by 29.7% in the 4th quarter. UMB Bank n.a. now owns 887 shares of the company's stock valued at $76,000 after acquiring an additional 203 shares during the last quarter. 61.00% of the stock is currently owned by institutional investors.

Fomento Económico Mexicano Price Performance

Shares of NYSE:FMX traded down $4.69 on Friday, reaching $96.77. The company's stock had a trading volume of 799,708 shares, compared to its average volume of 628,297. The company has a 50-day simple moving average of $93.27 and a 200 day simple moving average of $92.23. Fomento Económico Mexicano, S.A.B. de C.V. has a 52-week low of $81.08 and a 52-week high of $130.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.62. The company has a market cap of $34.62 billion, a P/E ratio of 24.81, a PEG ratio of 5.26 and a beta of 0.68.

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

Fomento Económico Mexicano Increases Dividend

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

Analyst Ratings Changes

Several research analysts have commented on the stock. UBS Group increased their price objective on shares of Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a "neutral" rating in a report on Friday, March 14th. The Goldman Sachs Group dropped their price target on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Finally, Barclays raised their price target on Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an "equal weight" rating in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $103.95.

Fomento Económico Mexicano 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.