Natixis Advisors LLC Sells 913 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Natixis Advisors LLC trimmed its holdings in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,348 shares of the company’s stock after selling 913 shares during the quarter. Natixis Advisors LLC’s holdings in Fomento Económico Mexicano were worth $4,390,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of FMX. Caprock Group LLC acquired a new stake in Fomento Económico Mexicano during the third quarter worth about $780,000. Banque Cantonale Vaudoise acquired a new stake in Fomento Económico Mexicano during the third quarter worth about $55,000. Cerity Partners LLC grew its stake in Fomento Económico Mexicano by 2.0% during the third quarter. Cerity Partners LLC now owns 9,520 shares of the company’s stock worth $940,000 after buying an additional 191 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its stake in Fomento Económico Mexicano by 274.3% during the third quarter. Dynamic Technology Lab Private Ltd now owns 20,872 shares of the company’s stock worth $2,060,000 after buying an additional 15,296 shares in the last quarter. Finally, Mirabella Financial Services LLP acquired a new stake in Fomento Económico Mexicano during the third quarter worth about $681,000. 61.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FMX. UBS Group increased their price objective on shares of Fomento Económico Mexicano from $94.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, March 14th. The Goldman Sachs Group reduced 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 note on Tuesday, January 28th. Finally, Barclays raised their price target on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $103.95.

Fomento Económico Mexicano Trading Down 1.4 %

FMX opened at $97.29 on Friday. The company’s 50 day moving average is $90.26 and its 200-day moving average is $92.56. Fomento Económico Mexicano, S.A.B. de C.V. has a 1-year low of $81.08 and a 1-year high of $131.56. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37. The company has a market cap of $34.81 billion, a P/E ratio of 24.95, a PEG ratio of 5.26 and a beta of 0.87.

Fomento Económico Mexicano (NYSE:FMX) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($1.05). The business had revenue of $9.99 billion during the quarter, compared to the consensus estimate of $201.67 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. Equities research analysts predict that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 earnings per share for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were issued a $0.9201 dividend. The ex-dividend date of this dividend was Friday, January 17th. This is a positive change from Fomento Económico Mexicano’s previous dividend of $0.74. Fomento Económico Mexicano’s dividend payout ratio (DPR) is 11.03%.

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.