Portland Global Advisors LLC Decreases Stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Portland Global Advisors LLC trimmed its position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 12.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 39,762 shares of the company’s stock after selling 5,750 shares during the quarter. Portland Global Advisors LLC’s holdings in Fomento Económico Mexicano were worth $3,399,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in FMX. Brooklyn Investment Group increased its holdings in Fomento Económico Mexicano by 82.8% in the fourth quarter. Brooklyn Investment Group now owns 340 shares of the company’s stock valued at $29,000 after buying an additional 154 shares during the last quarter. Mather Group LLC. raised its position in shares of Fomento Económico Mexicano by 179.1% during the 4th quarter. Mather Group LLC. now owns 575 shares of the company’s stock worth $49,000 after acquiring an additional 369 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Fomento Económico Mexicano in the fourth quarter valued at approximately $51,000. Rosenberg Matthew Hamilton increased its stake in 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. Finally, UMB Bank n.a. raised its holdings in Fomento Económico Mexicano by 29.7% during the fourth quarter. UMB Bank n.a. now owns 887 shares of the company’s stock worth $76,000 after purchasing an additional 203 shares in the last quarter. Hedge funds and other institutional investors own 61.00% of the company’s stock.

Fomento Económico Mexicano Trading Up 1.1 %

NYSE FMX opened at $100.26 on Friday. Fomento Económico Mexicano, S.A.B. de C.V. has a one year low of $81.08 and a one year high of $131.11. The firm has a market cap of $35.87 billion, a PE ratio of 25.71, a P/E/G ratio of 5.26 and a beta of 0.87. The firm’s fifty day moving average is $91.76 and its two-hundred day moving average is $92.37. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.62.

Fomento Económico Mexicano (NYSE:FMX) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $1.51 by ($1.05). The company had revenue of $9.99 billion for the quarter, compared to analysts’ expectations of $201.67 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. 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 company also recently disclosed 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 an increase from Fomento Económico Mexicano’s previous dividend of $0.74. Fomento Económico Mexicano’s dividend payout ratio is presently 11.03%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FMX shares. Barclays upped their target price 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, March 4th. The Goldman Sachs Group cut their target price 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. Finally, UBS Group upped their target price on Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, March 14th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $103.95.

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.