O Shaughnessy Asset Management LLC Sells 15,047 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

O Shaughnessy Asset Management LLC lessened its stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 46.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,093 shares of the company’s stock after selling 15,047 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Fomento Económico Mexicano were worth $1,461,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of FMX. Brooklyn Investment Group raised its stake in Fomento Económico Mexicano by 82.8% during the fourth quarter. Brooklyn Investment Group now owns 340 shares of the company’s stock worth $29,000 after acquiring an additional 154 shares in the last quarter. Mather Group LLC. increased 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 purchasing an additional 369 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in Fomento Económico Mexicano during the 4th quarter valued at about $51,000. Rosenberg Matthew Hamilton boosted its position 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 buying an additional 176 shares in the last quarter. Finally, UMB Bank n.a. grew its stake 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 buying an additional 203 shares during the last quarter. Institutional investors own 61.00% of the company’s stock.

Fomento Económico Mexicano Stock Down 4.6 %

NYSE:FMX opened at $96.77 on Friday. The company has a market cap of $34.62 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 5.26 and a beta of 0.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.62. The stock’s fifty day moving average price is $93.27 and its two-hundred day moving average price is $92.23. Fomento Económico Mexicano, S.A.B. de C.V. has a 52-week low of $81.08 and a 52-week high of $130.00.

Fomento Económico Mexicano (NYSE:FMX) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($1.05). The firm had revenue of $9.99 billion for 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, analysts anticipate that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 EPS for the current 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 paid 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%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barclays boosted their target price on Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. The Goldman Sachs Group reduced their price objective on 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, UBS Group raised their target price on Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, March 14th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.