Schechter Investment Advisors LLC Reduces Stock Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Schechter Investment Advisors LLC decreased its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 7.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,073 shares of the company’s stock after selling 404 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Fomento Económico Mexicano were worth $434,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Fomento Económico Mexicano in the third quarter worth about $7,672,000. BNP Paribas Financial Markets lifted its holdings in 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 buying an additional 169,184 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in Fomento Económico Mexicano in the 4th quarter valued at about $225,000. Baillie Gifford & Co. grew its stake 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 acquiring an additional 421,057 shares in the last quarter. Finally, Sarasin & Partners LLP increased its position in shares of Fomento Económico Mexicano by 33.3% during the fourth 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 during the period. 61.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FMX has been the subject of a number of research reports. The Goldman Sachs Group lowered their price target on Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating for the company in a report on Tuesday, January 28th. StockNews.com upgraded Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, Barclays raised their price target on Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an “equal weight” rating in a research note on Tuesday.

Fomento Económico Mexicano Price Performance

NYSE FMX opened at $95.16 on Thursday. The company has a market cap of $34.05 billion, a PE ratio of 24.40, a P/E/G ratio of 5.26 and a beta of 0.90. 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 quick ratio of 1.32 and a current ratio of 1.62. The firm’s 50 day moving average price is $87.02 and its 200-day moving average price is $93.14.

Fomento Económico Mexicano (NYSE:FMX) last announced its earnings results on Thursday, February 27th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($1.05). The company had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $201.67 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. 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 business also recently announced a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were paid a $0.9201 dividend. The ex-dividend date was Friday, January 17th. This is a positive change from Fomento Económico Mexicano’s previous dividend of $0.74. Fomento Económico Mexicano’s payout ratio is 11.03%.

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.