Medina Value Partners LLC decreased its holdings in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 58.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,773 shares of the company's stock after selling 47,726 shares during the quarter. Fomento Económico Mexicano comprises about 1.2% of Medina Value Partners LLC's investment portfolio, making the stock its 15th largest position. Medina Value Partners LLC's holdings in Fomento Económico Mexicano were worth $2,887,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Brooklyn Investment Group grew its position in Fomento Económico Mexicano by 82.8% in the fourth quarter. Brooklyn Investment Group now owns 340 shares of the company's stock worth $29,000 after acquiring an additional 154 shares in the last quarter. Mather Group LLC. increased its position 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 valued at $49,000 after purchasing an additional 369 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in Fomento Económico Mexicano during the 4th quarter valued at $51,000. Rosenberg Matthew Hamilton lifted its position in Fomento Económico Mexicano by 30.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock worth $65,000 after buying an additional 176 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Fomento Económico Mexicano by 29.7% during the fourth quarter. UMB Bank n.a. now owns 887 shares of the company's stock worth $76,000 after buying an additional 203 shares during the period. 61.00% of the stock is owned by hedge funds and other institutional investors.
Fomento Económico Mexicano Stock Up 1.8 %
NYSE:FMX traded up $1.89 during mid-day trading on Tuesday, reaching $106.39. The company's stock had a trading volume of 303,356 shares, compared to its average volume of 628,630. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $38.06 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 5.26 and a beta of 0.68. The stock has a fifty day moving average of $96.54 and a 200-day moving average of $92.16. Fomento Económico Mexicano, S.A.B. de C.V. has a 1 year low of $81.08 and a 1 year high of $123.09.
Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $1.51 by ($1.05). The company had revenue of $9.99 billion for the quarter, compared to analysts' expectations of $201.67 billion. Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. 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 company also recently declared a dividend, which will be paid on Monday, May 5th. Stockholders of record on Friday, April 25th will be issued a $1.628 dividend. This is a boost from Fomento Económico Mexicano's previous dividend of $0.92. This represents a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, April 24th. Fomento Económico Mexicano's dividend payout ratio (DPR) is currently 11.75%.
Analyst Ratings Changes
A number of research firms recently commented on FMX. The Goldman Sachs Group dropped their price target on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Itau BBA Securities raised Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a research report on Monday, April 7th. Barclays lifted their target price on Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Finally, UBS Group lifted their price objective on shares of Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a "neutral" rating in a report on Friday, March 14th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $103.95.
Read Our Latest Stock Analysis on Fomento Económico Mexicano
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.
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