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

LBP AM SA reduced its position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 761,723 shares of the company's stock after selling 83,836 shares during the period. Fomento Económico Mexicano makes up approximately 0.9% of LBP AM SA's holdings, making the stock its 24th largest holding. LBP AM SA owned approximately 0.21% of Fomento Económico Mexicano worth $65,120,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Fomento Económico Mexicano during the third quarter worth approximately $7,672,000. BNP Paribas Financial Markets lifted its holdings in shares of Fomento Económico Mexicano by 107.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 326,302 shares of the company's stock valued at $32,209,000 after acquiring an additional 169,184 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in Fomento Económico Mexicano during the 4th quarter worth $225,000. Sarasin & Partners LLP increased its holdings in Fomento Económico Mexicano by 33.3% in the 4th quarter. Sarasin & Partners LLP now owns 20,000 shares of the company's stock valued at $1,710,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Cerity Partners LLC raised its position in Fomento Económico Mexicano by 2.0% in the third quarter. Cerity Partners LLC now owns 9,520 shares of the company's stock valued at $940,000 after purchasing an additional 191 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 Down 1.4 %

NYSE:FMX traded down $1.36 during mid-day trading on Tuesday, reaching $99.23. The stock had a trading volume of 510,573 shares, compared to its average volume of 631,469. The stock's 50 day simple moving average is $89.08 and its two-hundred day simple moving average is $92.53. Fomento Económico Mexicano, S.A.B. de C.V. has a 1-year low of $81.08 and a 1-year high of $131.56. The company has a market capitalization of $35.50 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 5.26 and a beta of 0.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last issued its 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). The firm had revenue of $9.99 billion during 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%. Equities 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 firm also recently announced a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were paid a dividend of $0.9201 per share. This is a positive change from Fomento Económico Mexicano's previous dividend of $0.74. The ex-dividend date was Friday, January 17th. Fomento Económico Mexicano's payout ratio is presently 11.03%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FMX. UBS Group upped their target price on Fomento Económico Mexicano from $94.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday. The Goldman Sachs Group reduced their target price 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 raised their target price on Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Three 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.com, the stock currently has a consensus rating of "Hold" and a consensus price target 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.