Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Shares Sold by Medina Value Partners LLC

Medina Value Partners LLC trimmed its position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 58.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 33,773 shares of the company’s stock after selling 47,726 shares during the period. Fomento Económico Mexicano accounts for 1.2% of Medina Value Partners LLC’s investment portfolio, making the stock its 15th biggest holding. Medina Value Partners LLC’s holdings in Fomento Económico Mexicano were worth $2,887,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its holdings in shares of Fomento Económico Mexicano by 82.8% in the fourth quarter. Brooklyn Investment Group now owns 340 shares of the company’s stock valued at $29,000 after purchasing an additional 154 shares during the period. Mather Group LLC. lifted its holdings in shares of 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 purchasing an additional 369 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Fomento Económico Mexicano in the fourth quarter valued at approximately $51,000. Rosenberg Matthew Hamilton increased its holdings in Fomento Económico Mexicano by 30.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company’s stock worth $65,000 after buying an additional 176 shares during the period. Finally, UMB Bank n.a. raised its position in Fomento Económico Mexicano by 29.7% during the 4th 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 last quarter. Hedge funds and other institutional investors own 61.00% of the company’s stock.

Fomento Económico Mexicano Stock Performance

Shares of NYSE FMX opened at $103.86 on Thursday. The company has a market capitalization of $37.16 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 5.26 and a beta of 0.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.62. The company’s fifty day moving average price is $95.49 and its 200 day moving average price is $92.13. 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) last posted its earnings results on Thursday, February 27th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($1.05). Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. The firm had revenue of $9.99 billion for the quarter, compared to analysts’ expectations of $201.67 billion. On average, research analysts predict 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 firm also recently disclosed a dividend, which will be paid on Monday, May 5th. Shareholders of record on Friday, April 25th will be issued a $1.628 dividend. This is a positive change from Fomento Económico Mexicano’s previous dividend of $0.92. This represents a yield of 1.57%. The ex-dividend date of this dividend is Thursday, April 24th. Fomento Económico Mexicano’s dividend payout ratio (DPR) is presently 11.03%.

Analyst Ratings Changes

Several analysts have recently commented on FMX shares. The Goldman Sachs Group dropped their price objective on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating on the stock in a report on Tuesday, January 28th. UBS Group upped their price target 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. Itau BBA Securities raised Fomento Económico Mexicano from a “market perform” rating to an “outperform” rating in a research report on Monday, April 7th. Finally, Barclays boosted their price objective on Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $103.95.

Fomento Económico Mexicano Company 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.