Lbp Am Sa Decreases Stake in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX)

LBP AM SA trimmed its holdings in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Free Report) by 20.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 604,417 shares of the company's stock after selling 157,306 shares during the quarter. Fomento Economico Mexicano accounts for approximately 0.9% of LBP AM SA's portfolio, making the stock its 24th biggest position. LBP AM SA owned about 0.17% of Fomento Economico Mexicano worth $58,979,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Crossmark Global Holdings Inc. increased its position in shares of Fomento Economico Mexicano by 29.3% during the 1st quarter. Crossmark Global Holdings Inc. now owns 26,359 shares of the company's stock worth $2,572,000 after purchasing an additional 5,977 shares during the last quarter. Keybank National Association OH increased its position in shares of Fomento Economico Mexicano by 1.9% during the 1st quarter. Keybank National Association OH now owns 18,761 shares of the company's stock worth $1,831,000 after purchasing an additional 353 shares during the last quarter. Perpetual Ltd increased its position in shares of Fomento Economico Mexicano by 5.7% during the 1st quarter. Perpetual Ltd now owns 977,342 shares of the company's stock worth $95,369,000 after purchasing an additional 52,673 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Fomento Economico Mexicano by 27.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 833,238 shares of the company's stock worth $81,307,000 after purchasing an additional 178,460 shares during the last quarter. Finally, Value Partners Investments Inc. acquired a new stake in shares of Fomento Economico Mexicano during the 1st quarter worth about $9,339,000. 61.00% of the stock is owned by institutional investors and hedge funds.

Fomento Economico Mexicano Trading Down 0.7%

NYSE FMX traded down $0.70 during trading on Friday, hitting $100.80. The stock had a trading volume of 530,844 shares, compared to its average volume of 595,614. The firm has a 50 day moving average price of $104.13 and a 200 day moving average price of $96.94. The company has a quick ratio of 1.31, a current ratio of 1.64 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $36.06 billion, a PE ratio of 22.55, a PEG ratio of 3.17 and a beta of 0.65. Fomento Economico Mexicano S.A.B. de C.V. has a twelve month low of $81.08 and a twelve month high of $119.18.

Fomento Economico Mexicano (NYSE:FMX - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.07). The company had revenue of $9.65 billion during the quarter, compared to analysts' expectations of $194.75 billion. Fomento Economico Mexicano had a net margin of 3.98% and a return on equity of 7.86%. As a group, equities research analysts forecast that Fomento Economico Mexicano S.A.B. de C.V. will post 5.32 earnings per share for the current year.

Fomento Economico Mexicano Increases Dividend

The business also recently disclosed a -- dividend, which will be paid on Monday, July 28th. Stockholders of record on Thursday, July 17th will be paid a $1.3625 dividend. This represents a dividend yield of 2%. The ex-dividend date of this dividend is Thursday, July 17th. This is a boost from Fomento Economico Mexicano's previous -- dividend of $0.73. Fomento Economico Mexicano's dividend payout ratio (DPR) is presently 11.41%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wall Street Zen downgraded Fomento Economico Mexicano from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Itau BBA Securities raised Fomento Economico Mexicano from a "market perform" rating to an "outperform" rating in a research report on Monday, April 7th. UBS Group lifted their target price on Fomento Economico Mexicano from $112.00 to $115.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Barclays lifted their target price on Fomento Economico Mexicano from $102.00 to $108.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Fomento Economico Mexicano presently has a consensus rating of "Hold" and a consensus target price of $107.45.

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.