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

Jump Financial LLC reduced its stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 38.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,720 shares of the company's stock after selling 22,083 shares during the period. Jump Financial LLC's holdings in Fomento Económico Mexicano were worth $2,968,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Franklin Resources Inc. boosted its holdings in shares of Fomento Económico Mexicano by 4.2% during the 4th quarter. Franklin Resources Inc. now owns 3,117 shares of the company's stock worth $266,000 after purchasing an additional 125 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of 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 purchasing an additional 149 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of 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 purchasing an additional 154 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in shares of 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 purchasing an additional 176 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of 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 purchasing an additional 203 shares during the last quarter. 61.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. UBS Group lifted their price target on shares of Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. Itau BBA Securities raised shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a research report on Monday, April 7th. The Goldman Sachs Group reduced their price target on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating on the stock in a research report on Tuesday, January 28th. Finally, Barclays lifted their price target on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Fomento Económico Mexicano presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.95.

Fomento Económico Mexicano Trading Down 0.3 %

NYSE FMX traded down $0.27 on Wednesday, reaching $105.96. The stock had a trading volume of 341,308 shares, compared to its average volume of 558,550. The firm has a market capitalization of $37.91 billion, a price-to-earnings ratio of 27.17, a P/E/G ratio of 5.26 and a beta of 0.68. 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 $123.09. The stock has a fifty day moving average price of $96.86 and a two-hundred day moving average price of $92.26.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.51 by ($1.05). The firm had revenue of $9.99 billion during the quarter, compared to analysts' expectations of $201.67 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. As a group, sell-side analysts forecast 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 announced a dividend, which will be paid on Monday, May 5th. Shareholders of record on Friday, April 25th will be given a $1.628 dividend. This is a positive change from Fomento Económico Mexicano's previous dividend of $0.92. The ex-dividend date of this dividend is Thursday, April 24th. This represents a yield of 1.57%. Fomento Económico Mexicano's payout ratio is presently 11.75%.

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.