Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd trimmed its holdings in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Free Report) by 3.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 620,477 shares of the company's stock after selling 23,671 shares during the quarter. Ninety One UK Ltd owned approximately 0.17% of Fomento Economico Mexicano worth $60,546,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. FMR LLC increased its stake in Fomento Economico 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 buying an additional 2,655,962 shares during the period. First Eagle Investment Management LLC boosted its position in shares of 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 worth $1,081,939,000 after buying an additional 2,150,913 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of 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 worth $360,716,000 after buying an additional 717,666 shares in the last quarter. Talaria Asset Management Pty Ltd purchased a new stake in shares of Fomento Economico Mexicano in the 4th quarter worth about $47,110,000. Finally, Asset Value Investors Ltd purchased a new position in Fomento Economico Mexicano in the 4th quarter valued at about $42,793,000. 61.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on FMX. Wall Street Zen lowered shares of Fomento Economico Mexicano from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th. Itau BBA Securities raised shares of Fomento Economico Mexicano from a "market perform" rating to an "outperform" rating in a research report on Monday, April 7th. UBS Group upped their price target on Fomento Economico Mexicano from $112.00 to $115.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, Barclays upped their price target 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $107.45.

Fomento Economico Mexicano Stock Down 0.7%

Shares of Fomento Economico Mexicano stock traded down $0.70 on Friday, hitting $100.80. 530,844 shares of the company's stock traded hands, compared to its average volume of 598,124. The firm's 50-day moving average is $104.13 and its 200 day moving average is $96.87. Fomento Economico Mexicano S.A.B. de C.V. has a 52-week low of $81.08 and a 52-week high of $119.18. The stock has a market cap of $36.06 billion, a P/E ratio of 22.55, a PEG ratio of 3.19 and a beta of 0.65. 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 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). Fomento Economico Mexicano had a return on equity of 7.86% and a net margin of 3.98%. The firm had revenue of $9.65 billion for the quarter, compared to the consensus estimate of $194.75 billion. Equities analysts anticipate 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 announced a -- dividend, which will be paid on Monday, July 28th. Shareholders of record on Thursday, July 17th will be given a $1.3625 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This is a positive change from Fomento Economico Mexicano's previous -- dividend of $0.73. This represents a yield of 2%. 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.