Y Intercept Hong Kong Ltd Reduces Stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Y Intercept Hong Kong Ltd lessened its position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 57.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,057 shares of the company’s stock after selling 4,208 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Fomento Económico Mexicano were worth $261,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Fomento Económico Mexicano during the 3rd quarter valued at about $7,672,000. BNP Paribas Financial Markets increased its holdings in Fomento Económico Mexicano by 107.7% during the third quarter. BNP Paribas Financial Markets now owns 326,302 shares of the company’s stock valued at $32,209,000 after buying an additional 169,184 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of Fomento Económico Mexicano during the 4th quarter valued at $225,000. Baillie Gifford & Co. increased its stake in shares of Fomento Económico Mexicano by 10.8% in the 3rd quarter. Baillie Gifford & Co. now owns 4,306,739 shares of the company’s stock worth $425,118,000 after purchasing an additional 421,057 shares in the last quarter. Finally, Sarasin & Partners LLP raised its holdings in Fomento Económico Mexicano by 33.3% in the 4th quarter. Sarasin & Partners LLP now owns 20,000 shares of the company’s stock worth $1,710,000 after purchasing an additional 5,000 shares during the period. Institutional investors own 61.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays lifted their target price on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an “equal weight” rating in a research note on Tuesday. The Goldman Sachs Group dropped their price objective on Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Finally, StockNews.com raised Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th.

Fomento Económico Mexicano Price Performance

NYSE FMX opened at $93.07 on Wednesday. The company has a market cap of $33.30 billion, a PE ratio of 23.86, a P/E/G ratio of 5.26 and a beta of 0.90. The firm’s 50 day moving average price is $86.86 and its 200-day moving average price is $93.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.62. Fomento Económico Mexicano, S.A.B. de C.V. has a 52-week low of $81.07 and a 52-week high of $131.56.

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

Fomento Económico Mexicano Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were issued a $0.9201 dividend. The ex-dividend date was Friday, January 17th. This is an increase from Fomento Económico Mexicano’s previous dividend of $0.74. Fomento Económico Mexicano’s dividend payout ratio is 11.03%.

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.