Robeco Institutional Asset Management B.V. Sells 29,072 Shares of Fomento Economico Mexicano S.A.B. de C.V. $FMX

Key Points

• Robeco Institutional Asset Management reduced its stake in Fomento Economico Mexicano (NYSE:FMX) by 3.6%, selling 29,072 shares and leaving it with 771,027 shares valued at about $77.93 million at quarter-end.
• Insider selling has picked up: Director Garza sold 52,316 shares on March 25, insiders have sold 261,575 shares in the last 90 days, and company insiders now own 5.68% of the stock.
• Several analysts raised price targets (Goldman Sachs to $128, UBS to $122), but the consensus remains a Hold with a $110.67 target while FMX trades near $116.59.

Robeco Institutional Asset Management B.V. lowered its holdings in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Free Report) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 771,027 shares of the company's stock after selling 29,072 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Fomento Economico Mexicano were worth $77,928,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC raised its position in shares of Fomento Economico Mexicano by 11,692.3% in the 2nd quarter. AQR Capital Management LLC now owns 716,029 shares of the company's stock valued at $73,171,000 after buying an additional 709,957 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Fomento Economico Mexicano by 12,960.1% in the 3rd quarter. Victory Capital Management Inc. now owns 599,982 shares of the company's stock valued at $59,176,000 after buying an additional 595,388 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Fomento Economico Mexicano in the 3rd quarter valued at approximately $50,343,000. Invesco Ltd. raised its position in shares of Fomento Economico Mexicano by 67.8% in the 3rd quarter. Invesco Ltd. now owns 1,046,906 shares of the company's stock valued at $103,256,000 after buying an additional 423,073 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd raised its position in shares of Fomento Economico Mexicano by 24.1% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,144,880 shares of the company's stock valued at $112,928,000 after buying an additional 222,064 shares in the last quarter. Institutional investors own 61.00% of the company's stock.

Insider Buying and Selling at Fomento Economico Mexicano

In other Fomento Economico Mexicano news, Director Garza Alfonso Garza sold 52,316 shares of the firm's stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $11.07, for a total value of $579,138.12. Following the transaction, the director directly owned 1,233,080 shares of the company's stock, valued at approximately $13,650,195.60. This trade represents a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 261,575 shares of company stock valued at $2,795,188 over the last 90 days. 5.68% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FMX shares. The Goldman Sachs Group upped their price objective on shares of Fomento Economico Mexicano from $113.00 to $128.00 and gave the stock a "buy" rating in a research report on Wednesday, February 11th. UBS Group upped their price objective on shares of Fomento Economico Mexicano from $109.00 to $122.00 and gave the stock a "buy" rating in a research report on Friday, March 20th. Barclays upped their price objective on shares of Fomento Economico Mexicano from $116.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Fomento Economico Mexicano in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Fomento Economico Mexicano presently has an average rating of "Hold" and a consensus target price of $110.67.

Fomento Economico Mexicano Stock Down 0.0%

Shares of NYSE FMX opened at $116.59 on Monday. The firm has a market cap of $40.29 billion, a PE ratio of 40.91, a P/E/G ratio of 0.85 and a beta of 0.40. Fomento Economico Mexicano S.A.B. de C.V. has a 12-month low of $83.08 and a 12-month high of $118.43. The company's fifty day simple moving average is $110.42 and its 200 day simple moving average is $102.87. The company has a quick ratio of 1.02, a current ratio of 1.35 and a debt-to-equity ratio of 0.39.

Fomento Economico Mexicano (NYSE:FMX - Get Free Report) last issued its earnings results on Saturday, February 14th. The company reported $1.36 earnings per share (EPS) for the quarter. The business had revenue of $12.21 billion for the quarter. Fomento Economico Mexicano had a net margin of 2.29% and a return on equity of 6.11%. As a group, sell-side analysts forecast that Fomento Economico Mexicano S.A.B. de C.V. will post 5.32 earnings per share for the current fiscal year.

Fomento Economico Mexicano Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Wednesday, April 22nd will be paid a $0.6658 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, April 22nd. Fomento Economico Mexicano's dividend payout ratio (DPR) is 80.00%.

Fomento Economico Mexicano Company Profile

Fomento Económico Mexicano, SAB. de C.V. (FEMSA) is a Mexican multinational company active primarily in the retail and beverage sectors. Headquartered in Monterrey, Mexico, FEMSA's operations span convenience store retailing, beverage bottling and distribution, and related logistics and consumer services. The company's business model combines high-frequency retail outlets with large-scale beverage production and a regional supply chain network.

FEMSA Comercio, the company's retail arm, operates a large chain of convenience stores under the OXXO brand and has expanded its retail footprint with complementary formats and services.

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