Schechter Investment Advisors LLC Sells 404 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Schechter Investment Advisors LLC lessened its stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 7.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,073 shares of the company’s stock after selling 404 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Fomento Económico Mexicano were worth $434,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Fomento Económico Mexicano in the 3rd quarter worth $7,672,000. BNP Paribas Financial Markets grew its position in shares of 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 purchasing an additional 169,184 shares in the last quarter. Park Avenue Securities LLC bought a new stake in shares of Fomento Económico Mexicano in the fourth quarter worth about $225,000. Baillie Gifford & Co. lifted its position in shares of Fomento Económico Mexicano by 10.8% in the third quarter. Baillie Gifford & Co. now owns 4,306,739 shares of the company’s stock worth $425,118,000 after buying an additional 421,057 shares in the last quarter. Finally, Sarasin & Partners LLP boosted its stake in Fomento Económico Mexicano by 33.3% during the fourth quarter. Sarasin & Partners LLP now owns 20,000 shares of the company’s stock valued at $1,710,000 after buying an additional 5,000 shares during the last quarter. Institutional investors own 61.00% of the company’s stock.

Fomento Económico Mexicano Price Performance

NYSE:FMX opened at $95.16 on Thursday. The firm has a market capitalization of $34.05 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 5.26 and a beta of 0.90. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32. The business has a 50 day simple moving average of $87.02 and a 200-day simple moving average of $93.14. Fomento Económico Mexicano, S.A.B. de C.V. has a 1 year low of $81.07 and a 1 year high of $131.56.

Fomento Económico Mexicano (NYSE:FMX) last issued its quarterly earnings results 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). Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. The company had revenue of $9.99 billion during the quarter, compared to the consensus estimate of $201.67 billion. Equities analysts forecast that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 EPS for the current year.

Fomento Económico Mexicano Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were paid a dividend of $0.9201 per share. The ex-dividend date of this dividend was Friday, January 17th. This is a boost from Fomento Económico Mexicano’s previous dividend of $0.74. Fomento Económico Mexicano’s payout ratio is currently 11.03%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on FMX shares. The Goldman Sachs Group reduced their price objective on Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Barclays boosted their price target on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, StockNews.com upgraded shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th.

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.