Gardner Russo & Quinn LLC Sells 175 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Gardner Russo & Quinn LLC lowered its holdings in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,466 shares of the company’s stock after selling 175 shares during the quarter. Gardner Russo & Quinn LLC’s holdings in Fomento Económico Mexicano were worth $296,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Cerity Partners LLC raised its holdings in Fomento Económico Mexicano by 2.0% during the 3rd quarter. Cerity Partners LLC now owns 9,520 shares of the company’s stock worth $940,000 after buying an additional 191 shares during the period. FMR LLC raised its holdings in shares of Fomento Económico Mexicano by 5.3% during the third quarter. FMR LLC now owns 491,582 shares of the company’s stock worth $48,524,000 after acquiring an additional 24,537 shares during the period. Quantbot Technologies LP lifted its position in Fomento Económico Mexicano by 333.7% in the 3rd quarter. Quantbot Technologies LP now owns 6,687 shares of the company’s stock valued at $660,000 after acquiring an additional 5,145 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Fomento Económico Mexicano by 107.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 326,302 shares of the company’s stock worth $32,209,000 after purchasing an additional 169,184 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Fomento Económico Mexicano by 2.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,335 shares of the company’s stock worth $2,994,000 after purchasing an additional 607 shares in the last quarter. Institutional investors own 61.00% of the company’s stock.

Fomento Económico Mexicano Stock Performance

Shares of NYSE FMX opened at $100.26 on Friday. Fomento Económico Mexicano, S.A.B. de C.V. has a 52 week low of $81.08 and a 52 week high of $131.11. 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 has a 50 day moving average price of $91.76 and a 200 day moving average price of $92.42. The stock has a market capitalization of $35.87 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 5.26 and a beta of 0.87.

Fomento Económico Mexicano (NYSE:FMX) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($1.05). Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. The firm had revenue of $9.99 billion for the quarter, compared to analyst estimates of $201.67 billion. Analysts predict that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 earnings per share for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were given a $0.9201 dividend. This is a boost from Fomento Económico Mexicano’s previous dividend of $0.74. The ex-dividend date of this dividend was Friday, January 17th. Fomento Económico Mexicano’s dividend payout ratio (DPR) is presently 11.03%.

Analyst Ratings Changes

FMX has been the topic of a number of research reports. The Goldman Sachs Group cut their price target on Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Barclays upped their price target on Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Finally, UBS Group lifted their price objective on shares of Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, March 14th. Three 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, the stock currently has an average rating of “Hold” and a consensus price target of $103.95.

About Fomento Económico Mexicano

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.