Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Shares Sold by US Bancorp DE

US Bancorp DE trimmed its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,351 shares of the company’s stock after selling 1,397 shares during the period. US Bancorp DE’s holdings in Fomento Económico Mexicano were worth $5,672,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Brooklyn Investment Group grew its stake in Fomento Económico Mexicano by 82.8% during the 4th quarter. Brooklyn Investment Group now owns 340 shares of the company’s stock valued at $29,000 after acquiring an additional 154 shares in the last quarter. Mather Group LLC. lifted its stake in Fomento Económico Mexicano by 179.1% in the 4th quarter. Mather Group LLC. now owns 575 shares of the company’s stock worth $49,000 after purchasing an additional 369 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Fomento Económico Mexicano during the 4th quarter worth approximately $51,000. Banque Cantonale Vaudoise purchased a new stake in shares of Fomento Económico Mexicano in the third quarter valued at approximately $55,000. Finally, Rosenberg Matthew Hamilton increased its holdings in shares of 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 and hedge funds.

Fomento Económico Mexicano Trading Down 0.3 %

Shares of Fomento Económico Mexicano stock opened at $93.07 on Wednesday. The stock has a 50 day moving average of $86.86 and a 200 day moving average of $93.13. 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 firm has a market capitalization of $33.30 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 5.26 and a beta of 0.90. Fomento Económico Mexicano, S.A.B. de C.V. has a fifty-two week low of $81.07 and a fifty-two week high of $131.56.

Fomento Económico Mexicano (NYSE:FMX) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $1.51 by ($1.05). The business 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%. As a group, 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 business also recently declared a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were given a dividend of $0.9201 per share. The ex-dividend date of this dividend was Friday, January 17th. This is a boost from Fomento Económico Mexicano’s previous dividend of $0.74. Fomento Económico Mexicano’s dividend payout ratio (DPR) is currently 11.03%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FMX shares. StockNews.com raised Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group lowered their price target on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Finally, Barclays upped their price objective on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an “equal weight” rating in a report on Tuesday.

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.