Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Shares Sold by Ruffer LLP

Ruffer LLP lessened its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 66.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,000 shares of the company’s stock after selling 16,000 shares during the quarter. Ruffer LLP’s holdings in Fomento Económico Mexicano were worth $684,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group lifted its position in Fomento Económico Mexicano by 82.8% in the fourth quarter. Brooklyn Investment Group now owns 340 shares of the company’s stock valued at $29,000 after acquiring an additional 154 shares during the last quarter. Mather Group LLC. raised its holdings in shares of Fomento Económico Mexicano by 179.1% in the fourth quarter. Mather Group LLC. now owns 575 shares of the company’s stock valued at $49,000 after buying an additional 369 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Fomento Económico Mexicano in the fourth quarter valued at about $51,000. Banque Cantonale Vaudoise purchased a new stake in shares of Fomento Económico Mexicano in the third quarter valued at about $55,000. Finally, Rosenberg Matthew Hamilton raised its holdings in shares of Fomento Económico Mexicano by 30.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company’s stock valued at $65,000 after buying an additional 176 shares during the last quarter. 61.00% of the stock is owned by hedge funds and other institutional investors.

Fomento Económico Mexicano Trading Up 0.5 %

Shares of NYSE:FMX opened at $97.87 on Friday. The company’s 50-day moving average price is $87.42 and its 200 day moving average price is $92.95. The company has a market cap of $35.02 billion, a PE ratio of 25.10, 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. Fomento Económico Mexicano, S.A.B. de C.V. has a fifty-two week low of $81.07 and a fifty-two week high of $131.56.

Fomento Económico Mexicano (NYSE:FMX) last issued its earnings results on Thursday, February 27th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($1.05). Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. The firm had revenue of $9.99 billion during the quarter, compared to analysts’ expectations of $201.67 billion. Sell-side analysts anticipate that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 earnings per share for the current year.

Fomento Económico Mexicano Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were issued a $0.9201 dividend. The ex-dividend date of this dividend 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%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. The Goldman Sachs Group cut their price target 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. Barclays increased their target price on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th.

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.