Squarepoint Ops LLC lowered its holdings in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 67.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,423 shares of the company's stock after selling 15,322 shares during the period. Squarepoint Ops LLC's holdings in Fomento Económico Mexicano were worth $635,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Banque Transatlantique SA bought a new stake in Fomento Económico Mexicano during the fourth quarter worth about $44,000. Mather Group LLC. boosted its stake in Fomento Económico Mexicano by 179.1% during the fourth quarter. Mather Group LLC. now owns 575 shares of the company's stock worth $49,000 after acquiring an additional 369 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Fomento Económico Mexicano during the fourth quarter worth about $72,000. Quantinno Capital Management LP bought a new stake in Fomento Económico Mexicano during the fourth quarter worth about $218,000. Finally, Bridgefront Capital LLC bought a new position in shares of Fomento Económico Mexicano in the fourth quarter worth approximately $246,000. Institutional investors own 61.00% of the company's stock.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. Itau BBA Securities upgraded shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a research note on Monday, April 7th. UBS Group upped their target price on shares of Fomento Económico Mexicano from $107.00 to $112.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Barclays upped their target price on shares of Fomento Económico Mexicano from $102.00 to $108.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Finally, Wall Street Zen downgraded shares of Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Fomento Económico Mexicano presently has an average rating of "Hold" and an average target price of $106.70.
Read Our Latest Research Report on Fomento Económico Mexicano
Fomento Económico Mexicano Stock Performance
FMX stock traded up $0.54 during midday trading on Thursday, reaching $105.40. 508,856 shares of the company's stock traded hands, compared to its average volume of 610,355. Fomento Económico 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 $37.71 billion, a P/E ratio of 27.02, a PEG ratio of 5.26 and a beta of 0.69. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37. The stock's 50-day moving average is $102.83 and its 200 day moving average is $94.01.
Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last announced 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). Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. The business had revenue of $9.65 billion for the quarter, compared to analysts' expectations of $194.75 billion. As a group, analysts anticipate that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 EPS for the current year.
Fomento Económico Mexicano Increases Dividend
The firm also recently announced a dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 25th were issued a dividend of $1.628 per share. This is a boost from Fomento Económico Mexicano's previous dividend of $0.92. This represents a yield of 1.57%. The ex-dividend date was Thursday, April 24th. Fomento Económico Mexicano's dividend payout ratio is currently 11.41%.
About Fomento Económico Mexicano
(
Free Report)
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.
Read More
Before you consider Fomento Económico Mexicano, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fomento Económico Mexicano wasn't on the list.
While Fomento Económico Mexicano currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
