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

INCA Investments LLC decreased its stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 13.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 204,046 shares of the company's stock after selling 32,519 shares during the quarter. Fomento Económico Mexicano accounts for about 7.2% of INCA Investments LLC's investment portfolio, making the stock its 5th largest holding. INCA Investments LLC owned 0.06% of Fomento Económico Mexicano worth $17,444,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Fomento Económico Mexicano during the 3rd quarter worth approximately $7,672,000. BNP Paribas Financial Markets grew its holdings in shares of Fomento Económico Mexicano by 107.7% during the third quarter. BNP Paribas Financial Markets now owns 326,302 shares of the company's stock valued at $32,209,000 after buying an additional 169,184 shares in the last quarter. Park Avenue Securities LLC purchased a new position in shares of Fomento Económico Mexicano during the fourth quarter valued at $225,000. Baillie Gifford & Co. raised its position in Fomento Económico Mexicano by 10.8% during the third quarter. Baillie Gifford & Co. now owns 4,306,739 shares of the company's stock valued at $425,118,000 after buying an additional 421,057 shares during the period. Finally, Sarasin & Partners LLP lifted its stake in Fomento Económico Mexicano by 33.3% in the 4th quarter. Sarasin & Partners LLP now owns 20,000 shares of the company's stock worth $1,710,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 61.00% of the company's stock.

Fomento Económico Mexicano Stock Up 0.1 %

Shares of FMX traded up $0.10 during midday trading on Tuesday, reaching $91.21. 353,072 shares of the stock were exchanged, compared to its average volume of 465,689. The company has a market cap of $32.63 billion, a price-to-earnings ratio of 23.39, a P/E/G ratio of 5.18 and a beta of 0.90. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.37. Fomento Económico Mexicano, S.A.B. de C.V. has a 12-month low of $81.07 and a 12-month high of $134.67. The firm has a 50 day simple moving average of $86.08 and a 200-day simple moving average of $94.62.

Fomento Económico Mexicano Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were given a dividend of $0.9201 per share. The ex-dividend date of this dividend was Friday, January 17th. This is a positive change from Fomento Económico Mexicano's previous dividend of $0.74. Fomento Económico Mexicano's dividend payout ratio (DPR) is presently 11.79%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. The Goldman Sachs Group lowered their target price 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. StockNews.com upgraded shares of Fomento Económico Mexicano from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. Finally, Barclays lowered shares of Fomento Económico Mexicano from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, January 21st. Three investment 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.com, the company has a consensus rating of "Hold" and a consensus price target of $108.27.

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.