Dimensional Fund Advisors LP Sells 40,656 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Dimensional Fund Advisors LP decreased its stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 15.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 220,604 shares of the company's stock after selling 40,656 shares during the period. Dimensional Fund Advisors LP owned approximately 0.06% of Fomento Económico Mexicano worth $18,859,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in shares of Fomento Económico Mexicano by 4.2% in the fourth quarter. Franklin Resources Inc. now owns 3,117 shares of the company's stock valued at $266,000 after acquiring an additional 125 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of Fomento Económico Mexicano by 82.8% during the 4th quarter. Brooklyn Investment Group now owns 340 shares of the company's stock valued at $29,000 after purchasing an additional 154 shares in the last quarter. Rosenberg Matthew Hamilton boosted its position in shares of Fomento Económico Mexicano by 30.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock valued at $65,000 after purchasing an additional 176 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Fomento Económico Mexicano by 29.7% during the 4th quarter. UMB Bank n.a. now owns 887 shares of the company's stock valued at $76,000 after purchasing an additional 203 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Fomento Económico Mexicano by 5.8% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,015 shares of the company's stock valued at $429,000 after purchasing an additional 274 shares in the last quarter. Institutional investors and hedge funds own 61.00% of the company's stock.

Fomento Económico Mexicano Stock Up 0.7%

Shares of FMX stock traded up $0.65 during trading on Tuesday, hitting $100.50. 110,014 shares of the company were exchanged, compared to its average volume of 622,837. 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 has a market capitalization of $35.96 billion, a price-to-earnings ratio of 25.77, a P/E/G ratio of 5.26 and a beta of 0.69. The business's 50-day simple moving average is $100.26 and its 200 day simple moving average is $92.78. Fomento Económico Mexicano, S.A.B. de C.V. has a twelve month low of $81.08 and a twelve month high of $123.09.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.07). The company had revenue of $9.65 billion for the quarter, compared to analyst estimates of $194.75 billion. Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. As a group, 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 declared a dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 25th were issued a dividend of $1.628 per share. This is a boost from Fomento Económico Mexicano's previous dividend of $0.92. This represents a dividend yield of 1.57%. The ex-dividend date was Thursday, April 24th. Fomento Económico Mexicano's dividend payout ratio (DPR) is currently 11.41%.

Analysts Set New Price Targets

FMX has been the subject of several research reports. StockNews.com lowered shares of Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Itau BBA Securities upgraded shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a report on Monday, April 7th. Barclays upped their price target on shares of Fomento Económico Mexicano from $102.00 to $108.00 and gave the company an "equal weight" rating in a research report on Monday. UBS Group upped their price target on shares of Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. Finally, The Goldman Sachs Group reduced 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 research report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Fomento Económico Mexicano currently has an average rating of "Hold" and a consensus price target of $105.45.

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.