Qtron Investments LLC Lowers Stock Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Qtron Investments LLC reduced its position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 58.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,369 shares of the company's stock after selling 3,304 shares during the quarter. Qtron Investments LLC's holdings in Fomento Económico Mexicano were worth $203,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. FMR LLC grew its position in shares of Fomento Económico Mexicano by 540.3% in the fourth quarter. FMR LLC now owns 3,147,544 shares of the company's stock valued at $269,084,000 after purchasing an additional 2,655,962 shares during the period. First Eagle Investment Management LLC boosted its holdings in Fomento Económico 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 during the last quarter. Schroder Investment Management Group increased its stake in Fomento Económico Mexicano by 20.4% during 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. Arrowstreet Capital Limited Partnership raised its holdings in shares of Fomento Económico Mexicano by 77.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 728,253 shares of the company's stock valued at $62,258,000 after acquiring an additional 317,887 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Fomento Económico Mexicano by 6.8% in the fourth quarter. JPMorgan Chase & Co. now owns 3,238,177 shares of the company's stock valued at $276,832,000 after acquiring an additional 205,981 shares in the last quarter. 61.00% of the stock is currently owned by institutional investors and hedge funds.

Fomento Económico Mexicano Trading Up 2.0 %

Shares of FMX traded up $2.04 during midday trading on Friday, reaching $105.83. The company had a trading volume of 370,257 shares, compared to its average volume of 637,556. 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. 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 50 day simple moving average of $96.22 and a 200-day simple moving average of $92.22. The stock has a market cap of $37.87 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 5.26 and a beta of 0.68.

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 the consensus estimate of $1.51 by ($1.05). The firm had revenue of $9.99 billion during the quarter, compared to analyst estimates of $201.67 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. Research analysts forecast that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 EPS for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, May 5th. Stockholders of record on Friday, April 25th will be paid a $1.628 dividend. This represents a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, April 24th. This is a positive change from Fomento Económico Mexicano's previous dividend of $0.92. Fomento Económico Mexicano's dividend payout ratio is 11.03%.

Analyst Ratings Changes

FMX has been the subject of several research reports. The Goldman Sachs Group dropped 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. Barclays upped their target price on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. Itau BBA Securities raised shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a research note on Monday, April 7th. Finally, UBS Group upped their price objective on shares of Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a "neutral" rating in a research note on Friday, March 14th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $103.95.

About Fomento Económico Mexicano

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.