Fomento Economico Mexicano S.A.B. de C.V. $FMX Shares Sold by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP trimmed its position in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 22.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 155,439 shares of the company’s stock after selling 45,841 shares during the quarter. Sustainable Growth Advisers LP’s holdings in Fomento Economico Mexicano were worth $15,710,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Portland Global Advisors LLC boosted its stake in Fomento Economico Mexicano by 2.1% in the fourth quarter. Portland Global Advisors LLC now owns 40,002 shares of the company’s stock valued at $4,043,000 after acquiring an additional 822 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Fomento Economico Mexicano during the fourth quarter worth $669,000. Savant Capital LLC acquired a new stake in shares of Fomento Economico Mexicano during the fourth quarter worth $230,000. Summitry LLC lifted its stake in shares of Fomento Economico Mexicano by 32.9% during the fourth quarter. Summitry LLC now owns 6,398 shares of the company’s stock worth $647,000 after buying an additional 1,584 shares during the period. Finally, Hantz Financial Services Inc. lifted its stake in shares of Fomento Economico Mexicano by 93.2% during the fourth quarter. Hantz Financial Services Inc. now owns 4,572 shares of the company’s stock worth $462,000 after buying an additional 2,205 shares during the period. 61.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fomento Economico Mexicano news, Director Garza Alfonso Garza sold 52,316 shares of Fomento Economico Mexicano stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $11.07, for a total value of $579,138.12. Following the completion of the transaction, the director owned 1,233,080 shares of the company’s stock, valued at approximately $13,650,195.60. The trade was a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 261,575 shares of company stock valued at $2,795,188 over the last three months. 5.68% of the stock is currently owned by insiders.

Fomento Economico Mexicano Trading Down 1.2%

Shares of Fomento Economico Mexicano stock opened at $117.65 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.16 and a quick ratio of 0.87. The firm has a fifty day moving average price of $116.36 and a 200 day moving average price of $108.56. Fomento Economico Mexicano S.A.B. de C.V. has a 1 year low of $83.08 and a 1 year high of $125.71. The stock has a market cap of $40.65 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 0.77 and a beta of 0.42.

Fomento Economico Mexicano (NYSE:FMX) last issued its earnings results on Tuesday, March 31st. The company reported $2.43 earnings per share (EPS) for the quarter. Fomento Economico Mexicano had a net margin of 3.40% and a return on equity of 7.33%. The firm had revenue of $11.61 billion during the quarter. Equities research analysts predict that Fomento Economico Mexicano S.A.B. de C.V. will post 5.17 earnings per share for the current year.

Fomento Economico Mexicano Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 4th. Shareholders of record on Wednesday, April 22nd were issued a $0.6658 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $2.66 dividend on an annualized basis and a yield of 2.3%. Fomento Economico Mexicano’s payout ratio is presently 53.47%.

Analyst Ratings Changes

FMX has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of Fomento Economico Mexicano from $98.00 to $117.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Wall Street Zen downgraded shares of Fomento Economico Mexicano from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 11th. Zacks Research upgraded shares of Fomento Economico Mexicano from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. The Goldman Sachs Group lifted their price objective on shares of Fomento Economico Mexicano from $113.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, UBS Group lifted their price objective on shares of Fomento Economico Mexicano from $122.00 to $139.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Fomento Economico Mexicano presently has an average rating of “Moderate Buy” and a consensus price target of $117.17.

Fomento Economico Mexicano Company Profile

Fomento Económico Mexicano, SAB. de C.V. (FEMSA) is a Mexican multinational company active primarily in the retail and beverage sectors. Headquartered in Monterrey, Mexico, FEMSA’s operations span convenience store retailing, beverage bottling and distribution, and related logistics and consumer services. The company’s business model combines high-frequency retail outlets with large-scale beverage production and a regional supply chain network.

FEMSA Comercio, the company’s retail arm, operates a large chain of convenience stores under the OXXO brand and has expanded its retail footprint with complementary formats and services.