Ruffer LLP Sells 16,000 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Ruffer LLP trimmed its holdings in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 66.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,000 shares of the company's stock after selling 16,000 shares during the period. Ruffer LLP's holdings in Fomento Económico Mexicano were worth $684,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Brooklyn Investment Group lifted its holdings in shares of Fomento Económico Mexicano by 82.8% during the fourth quarter. Brooklyn Investment Group now owns 340 shares of the company's stock valued at $29,000 after purchasing an additional 154 shares during the last quarter. Mather Group LLC. raised its holdings in Fomento Económico Mexicano by 179.1% in the 4th quarter. Mather Group LLC. now owns 575 shares of the company's stock worth $49,000 after acquiring an additional 369 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in Fomento Económico Mexicano in the 4th quarter worth approximately $51,000. Banque Cantonale Vaudoise purchased a new position in Fomento Económico Mexicano in the 3rd quarter worth approximately $55,000. Finally, Rosenberg Matthew Hamilton raised its holdings in Fomento Económico Mexicano by 30.2% in 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 last quarter. 61.00% of the stock is currently owned by hedge funds and other institutional investors.

Fomento Económico Mexicano Stock Performance

FMX traded down $0.74 during mid-day trading on Thursday, reaching $97.58. 452,924 shares of the company traded hands, compared to its average volume of 537,844. The stock has a market capitalization of $34.91 billion, a P/E ratio of 25.02, a P/E/G ratio of 5.26 and a beta of 0.87. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.37. The company's fifty day moving average price is $88.13 and its 200-day moving average price is $92.73. Fomento Económico Mexicano, S.A.B. de C.V. has a 52-week low of $81.07 and a 52-week high of $131.56.

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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 for the quarter, missing analysts' consensus estimates of $1.51 by ($1.05). The company had revenue of $9.99 billion for 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%. On average, sell-side analysts expect 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 disclosed a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were given a dividend of $0.9201 per share. This is an increase 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 presently 11.03%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FMX shares. Barclays boosted their price objective on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. The Goldman Sachs Group decreased their price objective on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating for the company in a report on Tuesday, January 28th.

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.