Lbp Am Sa Sells 83,836 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Lbp Am Sa lowered its stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 9.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 761,723 shares of the company’s stock after selling 83,836 shares during the quarter. Fomento Económico Mexicano accounts for 0.9% of Lbp Am Sa’s holdings, making the stock its 24th biggest holding. Lbp Am Sa owned approximately 0.21% of Fomento Económico Mexicano worth $65,120,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Baillie Gifford & Co. increased its position in shares of Fomento Económico Mexicano by 0.4% during the 4th quarter. Baillie Gifford & Co. now owns 4,325,489 shares of the company’s stock valued at $369,786,000 after purchasing an additional 18,750 shares during the last quarter. Perpetual Ltd increased its position in shares of Fomento Económico Mexicano by 23.8% during the 4th quarter. Perpetual Ltd now owns 924,669 shares of the company’s stock valued at $79,050,000 after purchasing an additional 177,843 shares during the last quarter. ANTIPODES PARTNERS Ltd increased its position in shares of Fomento Económico Mexicano by 28.4% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 815,739 shares of the company’s stock valued at $69,743,000 after purchasing an additional 180,244 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Fomento Económico Mexicano by 12.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 654,778 shares of the company’s stock valued at $55,977,000 after purchasing an additional 74,082 shares during the last quarter. Finally, Ninety One UK Ltd increased its position in shares of Fomento Económico Mexicano by 3.9% during the 4th quarter. Ninety One UK Ltd now owns 644,148 shares of the company’s stock valued at $55,068,000 after purchasing an additional 23,902 shares during the last quarter. Institutional investors own 61.00% of the company’s stock.

Fomento Económico Mexicano Trading Down 0.8 %

Shares of NYSE FMX opened at $97.58 on Friday. 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 stock has a market capitalization of $34.91 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 5.26 and a beta of 0.87. Fomento Económico Mexicano, S.A.B. de C.V. has a 1-year low of $81.07 and a 1-year high of $131.56. The business has a fifty day moving average price of $88.37 and a 200 day moving average price of $92.76.

Fomento Económico Mexicano (NYSE:FMX) last issued its quarterly earnings data 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 return on equity of 8.37% and a net margin of 3.22%. Equities 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 business also recently disclosed a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were paid 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 is 11.03%.

Analysts Set New Price Targets

Several equities analysts have commented on FMX shares. Barclays upped their price objective on Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. The Goldman Sachs Group dropped their price target on Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating on the stock in a research 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.