Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 311,129 shares of the company’s stock after selling 18,535 shares during the quarter. Sei Investments Co.’s holdings in Fomento Económico Mexicano were worth $26,598,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its position in shares of Fomento Económico Mexicano by 107.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 326,302 shares of the company’s stock valued at $32,209,000 after acquiring an additional 169,184 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in shares of Fomento Económico Mexicano in the 4th quarter valued at approximately $225,000. Sarasin & Partners LLP increased its holdings in shares of Fomento Económico Mexicano by 33.3% during the 4th quarter. Sarasin & Partners LLP now owns 20,000 shares of the company’s stock worth $1,710,000 after buying an additional 5,000 shares during the last quarter. Cerity Partners LLC raised its position in shares of Fomento Económico Mexicano by 2.0% during the 3rd quarter. Cerity Partners LLC now owns 9,520 shares of the company’s stock valued at $940,000 after buying an additional 191 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in 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 acquiring an additional 79,181 shares during the last quarter. 61.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on FMX shares. Barclays raised their target price on Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. UBS Group boosted their price objective 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. Finally, The Goldman Sachs Group decreased their target price 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Fomento Económico Mexicano currently has an average rating of “Hold” and an average target price of $103.95.

Fomento Económico Mexicano Trading Up 0.6 %

FMX opened at $97.21 on Wednesday. Fomento Económico Mexicano, S.A.B. de C.V. has a 52 week low of $81.08 and a 52 week high of $131.56. 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 business has a fifty day simple moving average of $90.80 and a 200-day simple moving average of $92.36. The firm has a market cap of $34.78 billion, a P/E ratio of 24.93, a P/E/G ratio of 5.26 and a beta of 0.87.

Fomento Económico Mexicano (NYSE:FMX) last released 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%. On average, equities analysts expect 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 announced a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were paid a dividend of $0.9201 per share. This is an increase from Fomento Económico Mexicano’s previous dividend of $0.74. The ex-dividend date of this dividend was Friday, January 17th. Fomento Económico Mexicano’s dividend payout ratio is presently 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.