Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 1.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 58,732 shares of the company’s stock after selling 793 shares during the period. Natixis Advisors LLC’s holdings in Fomento Económico Mexicano were worth $6,322,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its holdings in Fomento Económico Mexicano by 6.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the company’s stock worth $153,000 after buying an additional 72 shares in the last quarter. Park Place Capital Corp grew its holdings in shares of Fomento Económico Mexicano by 78.2% in the 1st quarter. Park Place Capital Corp now owns 221 shares of the company’s stock worth $29,000 after acquiring an additional 97 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Fomento Económico Mexicano by 48.6% during the fourth quarter. Van ECK Associates Corp now owns 318 shares of the company’s stock worth $41,000 after purchasing an additional 104 shares during the period. Solstein Capital LLC lifted its holdings in shares of Fomento Económico Mexicano by 0.4% during the first quarter. Solstein Capital LLC now owns 28,372 shares of the company’s stock valued at $3,696,000 after purchasing an additional 118 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of 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 purchasing an additional 134 shares during the period.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. StockNews.com upgraded Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a report on Thursday, August 29th. Barclays cut their price target on shares of Fomento Económico Mexicano from $160.00 to $145.00 and set an “overweight” rating on the stock in a report 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 company has an average rating of “Hold” and an average price target of $139.50.

Fomento Económico Mexicano Price Performance

Shares of FMX opened at $102.00 on Friday. The business’s 50-day moving average is $109.66 and its 200-day moving average is $116.20. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.72 and a quick ratio of 1.44. The company has a market capitalization of $36.49 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 4.01 and a beta of 0.94. Fomento Económico Mexicano, S.A.B. de C.V. has a fifty-two week low of $99.24 and a fifty-two week high of $143.43.

Fomento Económico Mexicano (NYSE:FMX) last released its quarterly earnings data on Wednesday, July 24th. The company reported $1.87 earnings per share for the quarter. Fomento Económico Mexicano had a net margin of 3.75% and a return on equity of 8.65%. The firm had revenue of $11.54 billion for the quarter. Equities research analysts expect that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.12 EPS for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, July 29th. Shareholders of record on Wednesday, July 17th were given a $1.0206 dividend. This is a positive change from Fomento Económico Mexicano’s previous semi-annual dividend of $0.74. This represents a yield of 1.5%. The ex-dividend date was Wednesday, July 17th. Fomento Económico Mexicano’s dividend payout ratio is presently 14.36%.

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.