Sei Investments Co. Decreases Stock Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Sei Investments Co. reduced its holdings in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 7.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 494,914 shares of the company’s stock after selling 39,678 shares during the quarter. Sei Investments Co. owned approximately 0.14% of Fomento Económico Mexicano worth $53,277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Baillie Gifford & Co. increased its stake in shares of Fomento Económico Mexicano by 9.0% during the 1st quarter. Baillie Gifford & Co. now owns 4,183,454 shares of the company’s stock worth $544,979,000 after purchasing an additional 344,815 shares in the last quarter. Schroder Investment Management Group increased its position in Fomento Económico Mexicano by 3.8% during the fourth quarter. Schroder Investment Management Group now owns 2,583,664 shares of the company’s stock worth $336,781,000 after buying an additional 94,199 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its holdings in shares of Fomento Económico Mexicano by 19.4% in the first quarter. ANTIPODES PARTNERS Ltd now owns 945,491 shares of the company’s stock worth $123,169,000 after acquiring an additional 153,771 shares during the last quarter. Black Creek Investment Management Inc. lifted its position in shares of Fomento Económico Mexicano by 15.5% in the second quarter. Black Creek Investment Management Inc. now owns 906,798 shares of the company’s stock valued at $97,617,000 after acquiring an additional 121,800 shares in the last quarter. Finally, LA Financiere DE L Echiquier boosted its stake in shares of Fomento Económico Mexicano by 22.1% during the second quarter. LA Financiere DE L Echiquier now owns 776,241 shares of the company’s stock valued at $83,562,000 after acquiring an additional 140,309 shares during the last quarter.

Fomento Económico Mexicano Stock Down 2.4 %

Shares of NYSE:FMX opened at $99.75 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. The firm has a market cap of $35.69 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 5.75 and a beta of 0.94. The stock’s 50-day moving average price is $108.01 and its two-hundred day moving average price is $114.48. Fomento Económico Mexicano, S.A.B. de C.V. has a 12-month low of $99.02 and a 12-month high of $143.43.

Fomento Económico Mexicano (NYSE:FMX) last released its earnings results on Wednesday, July 24th. The company reported $1.87 earnings per share (EPS) for the quarter. Fomento Económico Mexicano had a net margin of 3.75% and a return on equity of 8.65%. The business had revenue of $11.54 billion for the quarter. On average, research analysts forecast that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.44 EPS for the current year.

Fomento Económico Mexicano Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, July 29th. Stockholders of record on Wednesday, July 17th were paid a dividend of $1.0206 per share. The ex-dividend date was Wednesday, July 17th. This is a boost from Fomento Económico Mexicano’s previous semi-annual dividend of $0.74. This represents a dividend yield of 1.5%. Fomento Económico Mexicano’s payout ratio is currently 14.36%.

Analyst Ratings Changes

FMX has been the topic of a number of recent research reports. StockNews.com upgraded shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a report on Thursday, August 29th. Barclays reduced their price objective 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, July 15th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $139.50.

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.