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

A number of other institutional investors have also recently made changes to their positions in FMX. First Eagle Investment Management LLC boosted its stake in shares of Fomento Económico Mexicano by 20.5% in the 4th quarter. First Eagle Investment Management LLC now owns 12,655,733 shares of the company's stock valued at $1,081,939,000 after purchasing an additional 2,150,913 shares in the last quarter. Baillie Gifford & Co. boosted its position in Fomento Económico Mexicano by 0.4% during the fourth quarter. Baillie Gifford & Co. now owns 4,325,489 shares of the company's stock valued at $369,786,000 after buying an additional 18,750 shares during the period. Schroder Investment Management Group grew its stake in shares of Fomento Económico Mexicano by 20.4% during the fourth quarter. Schroder Investment Management Group now owns 4,228,299 shares of the company's stock valued at $360,716,000 after buying an additional 717,666 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Fomento Económico Mexicano by 6.8% in the fourth quarter. JPMorgan Chase & Co. now owns 3,238,177 shares of the company's stock worth $276,832,000 after buying an additional 205,981 shares during the period. Finally, FMR LLC lifted its stake in shares of Fomento Económico Mexicano by 540.3% in the 4th quarter. FMR LLC now owns 3,147,544 shares of the company's stock valued at $269,084,000 after acquiring an additional 2,655,962 shares during the last quarter. Institutional investors own 61.00% of the company's stock.

Fomento Económico Mexicano Trading Up 0.3 %

FMX stock traded up $0.26 during trading on Friday, reaching $101.99. The company had a trading volume of 339,239 shares, compared to its average volume of 624,296. The business has a 50 day moving average of $100.17 and a 200 day moving average of $92.78. 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 company has a market cap of $36.49 billion, a P/E ratio of 26.15, a PEG ratio of 5.26 and a beta of 0.69. Fomento Económico Mexicano, S.A.B. de C.V. has a 52 week low of $81.08 and a 52 week high of $123.09.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07). The firm had revenue of $9.65 billion during the quarter, compared to analysts' expectations of $194.75 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. As a group, sell-side analysts forecast that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 earnings per share for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 25th were issued a dividend of $1.628 per share. This represents a dividend yield of 1.57%. This is a positive change from Fomento Económico Mexicano's previous dividend of $0.92. The ex-dividend date was Thursday, April 24th. Fomento Económico Mexicano's dividend payout ratio (DPR) is presently 11.41%.

Wall Street Analyst Weigh In

A number of brokerages have commented on FMX. The Goldman Sachs Group decreased their price target on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. StockNews.com cut shares of Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th. UBS Group raised their price target on shares of Fomento Económico Mexicano from $94.00 to $107.00 and gave the stock a "neutral" rating in a report on Friday, March 14th. Barclays increased their target price on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. Finally, Itau BBA Securities raised Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a research report on Monday, April 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $103.95.

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.