Amundi Lowers Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Amundi trimmed its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 6.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 555,331 shares of the company’s stock after selling 40,720 shares during the period. Amundi owned approximately 0.16% of Fomento Económico Mexicano worth $46,553,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Fomento Económico Mexicano in the third quarter worth approximately $7,672,000. BNP Paribas Financial Markets grew its position in Fomento Económico Mexicano by 107.7% in the third quarter. BNP Paribas Financial Markets now owns 326,302 shares of the company’s stock worth $32,209,000 after acquiring an additional 169,184 shares during the period. Park Avenue Securities LLC purchased a new position in Fomento Económico Mexicano in the fourth quarter worth approximately $225,000. Sarasin & Partners LLP grew its position in Fomento Económico Mexicano by 33.3% in 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. Finally, Cerity Partners LLC grew 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 worth $940,000 after acquiring an additional 191 shares during the period. 61.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barclays raised their price target on Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. 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 research report on Tuesday, January 28th.

Fomento Económico Mexicano Trading Up 2.0 %

FMX opened at $98.34 on Thursday. 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 business has a fifty day simple moving average of $88.13 and a 200-day simple moving average of $92.73. The firm has a market cap of $35.18 billion, a P/E ratio of 25.22, 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 (NYSE:FMX) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $201.67 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. On average, equities analysts expect 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 business also recently disclosed a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were paid a $0.9201 dividend. This is a boost from Fomento Económico Mexicano’s previous dividend of $0.74. The ex-dividend date was Friday, January 17th. Fomento Económico Mexicano’s dividend payout ratio (DPR) is presently 11.03%.

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.