Y Intercept Hong Kong Ltd Has $261,000 Stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Y Intercept Hong Kong Ltd lessened its holdings in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 57.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,057 shares of the company's stock after selling 4,208 shares during the period. Y Intercept Hong Kong Ltd's holdings in Fomento Económico Mexicano were worth $261,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

FMX has been the subject of several recent analyst reports. Barclays upped their target price on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an "equal weight" rating in a research report on Tuesday. 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.

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Fomento Económico Mexicano Price Performance

Shares of Fomento Económico Mexicano stock traded up $0.44 on Friday, hitting $97.87. The company had a trading volume of 506,179 shares, compared to its average volume of 545,025. The company has a market cap of $35.02 billion, a PE ratio of 25.10, a PEG ratio of 5.26 and a beta of 0.87. 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. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32. The business has a 50-day simple moving average of $87.42 and a 200-day simple moving average of $93.07.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last issued 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 business had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $201.67 billion. Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. Research analysts expect 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 firm also recently announced a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were issued a dividend of $0.9201 per share. This is a boost 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 dividend payout ratio (DPR) is presently 11.03%.

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.