FORA Capital LLC Sells 13,910 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

FORA Capital LLC decreased its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 71.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,568 shares of the company's stock after selling 13,910 shares during the quarter. FORA Capital LLC's holdings in Fomento Económico Mexicano were worth $476,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Brooklyn Investment Group boosted its holdings in shares of Fomento Económico Mexicano by 82.8% in the 4th quarter. Brooklyn Investment Group now owns 340 shares of the company's stock worth $29,000 after buying an additional 154 shares during the last quarter. Banque Transatlantique SA bought a new position in shares of Fomento Económico Mexicano during the 4th quarter valued at approximately $44,000. Mather Group LLC. increased its stake in shares of Fomento Económico Mexicano by 179.1% during the 4th quarter. Mather Group LLC. now owns 575 shares of the company's stock worth $49,000 after purchasing an additional 369 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Fomento Económico Mexicano in the 4th quarter worth approximately $51,000. Finally, Rosenberg Matthew Hamilton lifted its stake in Fomento Económico Mexicano by 30.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock valued at $65,000 after purchasing an additional 176 shares during the last quarter. 61.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on FMX shares. UBS Group increased their price target on Fomento Económico Mexicano from $107.00 to $112.00 and gave the stock a "neutral" rating in a research note on Thursday. Itau BBA Securities raised shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a report on Monday, April 7th. StockNews.com lowered shares of Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Barclays increased their target price on Fomento Económico Mexicano from $102.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, The Goldman Sachs Group reduced their price target on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating for the company in a research report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $106.70.

Fomento Económico Mexicano Price Performance

Fomento Económico Mexicano stock traded up $0.34 during midday trading on Thursday, hitting $102.88. 185,295 shares of the company's stock were exchanged, compared to its average volume of 623,491. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.62. Fomento Económico Mexicano, S.A.B. de C.V. has a 52-week low of $81.08 and a 52-week high of $123.03. The company has a market cap of $36.81 billion, a P/E ratio of 26.35, a PEG ratio of 5.26 and a beta of 0.69. The stock has a 50-day moving average price of $100.45 and a two-hundred day moving average price of $92.91.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07). Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. The business had revenue of $9.65 billion during the quarter, compared to the consensus estimate of $194.75 billion. On average, equities research analysts forecast that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 earnings per share for the current year.

Fomento Económico Mexicano Increases Dividend

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

Fomento Económico 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.