Atria Investments Inc Sells 2,630 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Atria Investments Inc lowered its stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 19.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,235 shares of the company's stock after selling 2,630 shares during the quarter. Atria Investments Inc's holdings in Fomento Económico Mexicano were worth $960,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Stifel Financial Corp boosted its position in Fomento Económico Mexicano by 1.2% during the 3rd quarter. Stifel Financial Corp now owns 12,479 shares of the company's stock worth $1,232,000 after acquiring an additional 149 shares during the period. Brooklyn Investment Group boosted its position in Fomento Económico Mexicano by 82.8% during the 4th quarter. Brooklyn Investment Group now owns 340 shares of the company's stock worth $29,000 after acquiring an additional 154 shares during the period. Rosenberg Matthew Hamilton boosted its position in Fomento Económico Mexicano by 30.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock worth $65,000 after acquiring an additional 176 shares during the period. Cerity Partners LLC boosted its position in Fomento Económico Mexicano by 2.0% during the 3rd quarter. Cerity Partners LLC now owns 9,520 shares of the company's stock worth $940,000 after acquiring an additional 191 shares during the period. Finally, UMB Bank n.a. boosted its position in Fomento Económico Mexicano by 29.7% during the 4th quarter. UMB Bank n.a. now owns 887 shares of the company's stock worth $76,000 after acquiring an additional 203 shares during the period. Hedge funds and other institutional investors own 61.00% of the company's stock.

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Fomento Económico Mexicano Stock Up 1.4 %

Shares of Fomento Económico Mexicano stock traded up $1.33 during trading on Friday, hitting $99.04. 680,980 shares of the stock traded hands, 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 PEG ratio of 5.26 and a beta of 0.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.62. Fomento Económico Mexicano, S.A.B. de C.V. has a twelve month low of $81.07 and a twelve month high of $131.56. The company has a fifty day moving average price of $88.73 and a two-hundred day moving average price of $92.63.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.46 earnings per share 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 analyst estimates of $201.67 billion. Equities research analysts predict 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 business also recently announced a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were issued a $0.9201 dividend. This is a positive change from Fomento Económico Mexicano's previous dividend of $0.74. The ex-dividend date of this dividend was Friday, January 17th. Fomento Económico Mexicano's payout ratio is 11.03%.

Analyst Ratings Changes

FMX has been the subject of a number of research reports. Barclays raised their price objective on Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. UBS Group lifted their price target on Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a "neutral" rating in a report on Friday. Finally, The Goldman Sachs Group reduced their price target on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating for the company in a report on Tuesday, January 28th. 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, Fomento Económico Mexicano presently has a consensus rating of "Hold" and an average target price of $103.95.

About Fomento Económico Mexicano

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.