Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) Holdings Decreased by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Free Report) by 46.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,837 shares of the company's stock after selling 2,501 shares during the quarter. Rhumbline Advisers' holdings in Fomento Economico Mexicano were worth $277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FMX. FMR LLC grew its holdings in shares of Fomento Economico Mexicano by 540.3% during the fourth quarter. FMR LLC now owns 3,147,544 shares of the company's stock valued at $269,084,000 after buying an additional 2,655,962 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Fomento Economico 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 buying an additional 2,150,913 shares during the period. Schroder Investment Management Group increased its stake in Fomento Economico Mexicano by 20.4% in the 4th 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 period. Talaria Asset Management Pty Ltd acquired a new position in Fomento Economico Mexicano in the 4th quarter valued at approximately $47,110,000. Finally, Asset Value Investors Ltd acquired a new position in Fomento Economico Mexicano in the 4th quarter valued at approximately $42,793,000. Hedge funds and other institutional investors own 61.00% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on FMX. Itau BBA Securities upgraded Fomento Economico Mexicano from a "market perform" rating to an "outperform" rating in a report on Monday, April 7th. Barclays increased their price objective on Fomento Economico Mexicano from $102.00 to $108.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. UBS Group increased their price objective on Fomento Economico Mexicano from $107.00 to $112.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Finally, Wall Street Zen lowered Fomento Economico Mexicano from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th. 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.com, the company presently has a consensus rating of "Hold" and a consensus price target of $106.70.

Fomento Economico Mexicano Stock Performance

Shares of FMX opened at $101.24 on Wednesday. The company's fifty day moving average is $104.57 and its 200-day moving average is $95.54. Fomento Economico Mexicano S.A.B. de C.V. has a 12 month low of $81.08 and a 12 month high of $119.18. The firm has a market cap of $36.22 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 3.54 and a beta of 0.67. The company has a quick ratio of 1.31, a current ratio of 1.64 and a debt-to-equity ratio of 0.34.

Fomento Economico Mexicano (NYSE:FMX - Get Free Report) last announced 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). Fomento Economico Mexicano had a return on equity of 7.86% and a net margin of 3.98%. The business had revenue of $9.65 billion for the quarter, compared to analyst estimates of $194.75 billion. Equities analysts expect that Fomento Economico Mexicano S.A.B. de C.V. will post 5.32 EPS for the current fiscal year.

Fomento Economico Mexicano Increases Dividend

The company also recently declared a dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 25th were given a $1.628 dividend. This is a positive change from Fomento Economico Mexicano's previous dividend of $0.92. The ex-dividend date of this dividend was Thursday, April 24th. This represents a dividend yield of 1.57%. Fomento Economico Mexicano's dividend payout ratio (DPR) is currently 11.41%.

Fomento Economico 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.

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