B. Metzler seel. Sohn & Co. AG Reduces Position in Fomento Economico Mexicano S.A.B. de C.V. $FMX

B. Metzler seel. Sohn & Co. AG cut its position in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 1.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,340 shares of the company’s stock after selling 924 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Fomento Economico Mexicano were worth $8,035,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of FMX. Raymond James Financial Inc. purchased a new stake in shares of Fomento Economico Mexicano in the 4th quarter valued at approximately $813,000. NewEdge Advisors LLC increased its position in shares of Fomento Economico Mexicano by 9.7% in the 4th quarter. NewEdge Advisors LLC now owns 4,328 shares of the company’s stock valued at $370,000 after purchasing an additional 382 shares during the last quarter. Stifel Financial Corp increased its position in shares of Fomento Economico Mexicano by 11.1% in the 4th quarter. Stifel Financial Corp now owns 13,864 shares of the company’s stock valued at $1,185,000 after purchasing an additional 1,385 shares during the last quarter. Northern Trust Corp increased its position in shares of Fomento Economico Mexicano by 53.8% in the 4th quarter. Northern Trust Corp now owns 441,588 shares of the company’s stock valued at $37,751,000 after purchasing an additional 154,433 shares during the last quarter. Finally, AREX Capital Management LP purchased a new stake in shares of Fomento Economico Mexicano in the 4th quarter valued at approximately $278,000. 61.00% of the stock is owned by hedge funds and other institutional investors.

Fomento Economico Mexicano Trading Up 0.1%

Shares of Fomento Economico Mexicano stock opened at $86.96 on Thursday. Fomento Economico Mexicano S.A.B. de C.V. has a 1 year low of $81.07 and a 1 year high of $108.74. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.06 and a current ratio of 1.34. The company has a market capitalization of $31.11 billion, a P/E ratio of 29.58, a PEG ratio of 5.09 and a beta of 0.66. The company’s fifty day moving average is $95.02 and its two-hundred day moving average is $98.25.

Fomento Economico Mexicano (NYSE:FMX) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.49). Fomento Economico Mexicano had a return on equity of 5.32% and a net margin of 2.60%.The business had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $216.71 billion. Analysts forecast that Fomento Economico Mexicano S.A.B. de C.V. will post 5.32 earnings per share for the current year.

Fomento Economico Mexicano Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Thursday, July 17th were given a dividend of $1.3625 per share. This represents a $5.45 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Thursday, July 17th. This is an increase from Fomento Economico Mexicano’s previous quarterly dividend of $0.73. Fomento Economico Mexicano’s payout ratio is 74.83%.

Wall Street Analysts Forecast Growth

FMX has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Fomento Economico Mexicano from a “buy” rating to a “hold” rating in a research report on Wednesday, April 30th. Barclays dropped their target price on shares of Fomento Economico Mexicano from $110.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 31st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $97.00 target price (down from $132.00) on shares of Fomento Economico Mexicano in a research report on Tuesday, August 19th. Finally, UBS Group increased their target price on shares of Fomento Economico Mexicano from $112.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, July 10th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Fomento Economico Mexicano presently has a consensus rating of “Hold” and an average target price of $105.16.

Fomento Economico 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.