Atlas Capital Advisors LLC Has $78,000 Stock Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Atlas Capital Advisors LLC decreased its holdings in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 17.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 601 shares of the company’s stock after selling 129 shares during the quarter. Atlas Capital Advisors LLC’s holdings in Fomento Económico Mexicano were worth $78,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FMX. Headlands Technologies LLC increased its stake in shares of Fomento Económico Mexicano by 448.6% during the 4th quarter. Headlands Technologies LLC now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 166 shares during the last quarter. Operose Advisors LLC acquired a new position in Fomento Económico Mexicano in the 3rd quarter valued at $29,000. Mather Group LLC. acquired a new position in Fomento Económico Mexicano in the 1st quarter valued at $34,000. Van ECK Associates Corp grew its stake in Fomento Económico Mexicano by 48.6% in the 4th quarter. Van ECK Associates Corp now owns 318 shares of the company’s stock valued at $41,000 after buying an additional 104 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in Fomento Económico Mexicano by 22.1% in the 4th quarter. Parallel Advisors LLC now owns 741 shares of the company’s stock valued at $97,000 after buying an additional 134 shares during the last quarter.

Fomento Económico Mexicano Price Performance

NYSE:FMX opened at $106.09 on Thursday. Fomento Económico Mexicano, S.A.B. de C.V. has a 1 year low of $99.24 and a 1 year high of $143.43. The firm’s fifty day simple moving average is $115.16 and its 200 day simple moving average is $124.80. The company has a current ratio of 1.95, a quick ratio of 1.63 and a debt-to-equity ratio of 0.34.

Fomento Económico Mexicano (NYSE:FMX) last posted its earnings results on Friday, April 26th. The company reported $0.47 earnings per share (EPS) for the quarter. Fomento Económico Mexicano had a net margin of 2.91% and a return on equity of 8.20%. The business had revenue of $10.76 billion for the quarter. As a group, sell-side analysts expect that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.39 earnings per share for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The company also recently announced an annual dividend, which was paid on Monday, April 29th. Investors of record on Wednesday, April 17th were paid a $1.115 dividend. The ex-dividend date was Tuesday, April 16th. This is a positive change from Fomento Económico Mexicano’s previous annual dividend of $0.74. This represents a yield of 0.87%. Fomento Económico Mexicano’s dividend payout ratio (DPR) is presently 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.