Sei Investments Co. Has $69.64 Million Stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Sei Investments Co. decreased its stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 20.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 534,592 shares of the company’s stock after selling 136,656 shares during the quarter. Sei Investments Co.’s holdings in Fomento Económico Mexicano were worth $69,641,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FMX. American Century Companies Inc. increased its holdings in shares of Fomento Económico Mexicano by 5.8% during the 3rd quarter. American Century Companies Inc. now owns 74,057 shares of the company’s stock worth $8,083,000 after purchasing an additional 4,050 shares during the period. Dfpg Investments LLC increased its holdings in shares of Fomento Económico Mexicano by 8.2% during the 4th quarter. Dfpg Investments LLC now owns 5,573 shares of the company’s stock worth $710,000 after purchasing an additional 421 shares during the period. Whittier Trust Co. increased its stake in Fomento Económico Mexicano by 36.3% in the fourth quarter. Whittier Trust Co. now owns 4,269 shares of the company’s stock valued at $556,000 after acquiring an additional 1,137 shares during the period. Klein Pavlis & Peasley Financial Inc. bought a new stake in Fomento Económico Mexicano in the fourth quarter valued at about $699,000. Finally, SG Americas Securities LLC increased its stake in Fomento Económico Mexicano by 26.4% in the fourth quarter. SG Americas Securities LLC now owns 8,536 shares of the company’s stock valued at $1,113,000 after acquiring an additional 1,785 shares during the period.

Analyst Ratings Changes

Separately, Barclays lowered their target price on shares of Fomento Económico Mexicano from $160.00 to $145.00 and set an “overweight” rating on the stock in a research note on Monday. Five 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 data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $139.50.

Fomento Económico Mexicano Price Performance

NYSE FMX traded down $1.88 on Monday, reaching $115.62. The company’s stock had a trading volume of 773,974 shares, compared to its average volume of 696,527. The firm has a market cap of $41.37 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 4.40 and a beta of 0.94. Fomento Económico Mexicano, S.A.B. de C.V. has a 52 week low of $99.24 and a 52 week high of $143.43. The company has a current ratio of 1.95, a quick ratio of 1.63 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $112.97 and a 200 day moving average price of $122.88.

Fomento Económico Mexicano (NYSE:FMX) last released its quarterly earnings results on Friday, April 26th. The company reported $0.47 EPS for the quarter. The firm had revenue of $10.76 billion for the quarter. Fomento Económico Mexicano had a net margin of 2.91% and a return on equity of 8.20%. Sell-side analysts expect that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.33 EPS for the current year.

Fomento Económico Mexicano Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, July 29th. Shareholders of record on Wednesday, July 17th will be given a $1.0206 dividend. The ex-dividend date is Wednesday, July 17th. This is a positive change from Fomento Económico Mexicano’s previous semi-annual dividend of $0.74. This represents a yield of 1.5%. Fomento Económico Mexicano’s payout ratio is 16.80%.

Fomento Económico 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.