Schonfeld Strategic Advisors LLC Sells 17,009 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Schonfeld Strategic Advisors LLC cut its position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 87.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,395 shares of the company's stock after selling 17,009 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Fomento Económico Mexicano were worth $205,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Park Avenue Securities LLC acquired a new stake in shares of Fomento Económico Mexicano in the fourth quarter valued at about $225,000. Wells Fargo & Company MN increased its stake in shares of Fomento Económico Mexicano by 17.0% in the fourth quarter. Wells Fargo & Company MN now owns 28,135 shares of the company's stock valued at $2,405,000 after buying an additional 4,096 shares during the period. Sarasin & Partners LLP increased its stake in shares of Fomento Económico Mexicano by 33.3% in the fourth quarter. Sarasin & Partners LLP now owns 20,000 shares of the company's stock valued at $1,710,000 after buying an additional 5,000 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Fomento Económico Mexicano by 141.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 135,003 shares of the company's stock valued at $11,541,000 after buying an additional 79,181 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Fomento Económico Mexicano by 1.9% in the fourth quarter. American Century Companies Inc. now owns 250,188 shares of the company's stock valued at $21,389,000 after buying an additional 4,674 shares during the period. 61.00% of the stock is currently owned by institutional investors.

Fomento Económico Mexicano Stock Up 0.8%

Fomento Económico Mexicano stock traded up $0.83 during mid-day trading on Friday, reaching $103.28. The stock had a trading volume of 582,826 shares, compared to its average volume of 625,040. 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 fifty-two week low of $81.08 and a fifty-two week high of $121.21. The stock's 50-day simple moving average is $100.70 and its 200-day simple moving average is $92.98. The firm has a market capitalization of $36.95 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 5.26 and a beta of 0.69.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $9.65 billion during the quarter, compared to analyst estimates of $194.75 billion. On average, sell-side 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 company also recently disclosed a dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 25th were paid a $1.628 dividend. This represents a yield of 1.57%. The ex-dividend date was Thursday, April 24th. This is a boost from Fomento Económico Mexicano's previous dividend of $0.92. Fomento Económico Mexicano's dividend payout ratio (DPR) is 11.41%.

Analyst Upgrades and Downgrades

FMX has been the subject of several recent research reports. Itau BBA Securities raised Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a research note on Monday, April 7th. The Goldman Sachs Group decreased their target price on 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. StockNews.com cut Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. UBS Group raised their target price on Fomento Económico Mexicano from $107.00 to $112.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, Barclays raised their target price on 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. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $106.70.

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.