US Bancorp DE Lowers Stock Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

US Bancorp DE lessened its position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,351 shares of the company’s stock after selling 1,397 shares during the quarter. US Bancorp DE’s holdings in Fomento Económico Mexicano were worth $5,672,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp grew its position in Fomento Económico Mexicano by 61.7% in the 3rd quarter. Van ECK Associates Corp now owns 802 shares of the company’s stock valued at $78,000 after acquiring an additional 306 shares in the last quarter. Easterly Investment Partners LLC grew its holdings in shares of Fomento Económico Mexicano by 481.3% in the third quarter. Easterly Investment Partners LLC now owns 101,123 shares of the company’s stock valued at $9,982,000 after purchasing an additional 83,726 shares in the last quarter. INCA Investments LLC grew its holdings in shares of Fomento Económico Mexicano by 12.6% in the third quarter. INCA Investments LLC now owns 236,565 shares of the company’s stock valued at $23,351,000 after purchasing an additional 26,414 shares in the last quarter. Baillie Gifford & Co. increased its stake in Fomento Económico Mexicano by 10.8% during the 3rd quarter. Baillie Gifford & Co. now owns 4,306,739 shares of the company’s stock worth $425,118,000 after buying an additional 421,057 shares during the period. Finally, Aigen Investment Management LP lifted its holdings in Fomento Económico Mexicano by 173.9% during the 3rd quarter. Aigen Investment Management LP now owns 16,800 shares of the company’s stock worth $1,658,000 after buying an additional 10,667 shares in the last quarter. Hedge funds and other institutional investors own 61.00% of the company’s stock.

Fomento Económico Mexicano Price Performance

Shares of FMX opened at $93.07 on Wednesday. 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. The firm’s fifty day simple moving average is $86.86 and its 200-day simple moving average is $93.13. Fomento Económico Mexicano, S.A.B. de C.V. has a twelve month low of $81.07 and a twelve month 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.

Fomento Económico Mexicano (NYSE:FMX) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.46 earnings per share 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 analyst estimates of $201.67 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. Equities 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 firm also recently announced a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were given a dividend of $0.9201 per share. The ex-dividend date 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%.

Wall Street Analysts Forecast Growth

FMX has been the subject of several research reports. Barclays boosted their price target on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Tuesday. StockNews.com raised Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group reduced their price target on 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.

Fomento Económico Mexicano 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.