Fomento Economico Mexicano S.A.B. de C.V. $FMX Shares Acquired by Barings LLC

Barings LLC grew its holdings in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 79,217 shares of the company’s stock after acquiring an additional 6,600 shares during the quarter. Barings LLC’s holdings in Fomento Economico Mexicano were worth $8,006,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FMX. EverSource Wealth Advisors LLC lifted its holdings in shares of Fomento Economico Mexicano by 7.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the company’s stock worth $134,000 after purchasing an additional 96 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Fomento Economico Mexicano by 42.5% during the second quarter. Tower Research Capital LLC TRC now owns 439 shares of the company’s stock worth $45,000 after purchasing an additional 131 shares during the period. Signaturefd LLC lifted its holdings in shares of Fomento Economico Mexicano by 5.1% during the fourth quarter. Signaturefd LLC now owns 2,986 shares of the company’s stock worth $302,000 after purchasing an additional 144 shares during the period. Lester Murray Antman dba SimplyRich lifted its holdings in shares of Fomento Economico Mexicano by 2.9% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 5,467 shares of the company’s stock worth $552,000 after purchasing an additional 153 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Fomento Economico Mexicano by 4.4% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 3,661 shares of the company’s stock worth $370,000 after purchasing an additional 155 shares during the period. Institutional investors and hedge funds own 61.00% of the company’s stock.

Insider Transactions at Fomento Economico Mexicano

In other Fomento Economico Mexicano news, Director Garza Alfonso Garza sold 52,316 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $11.07, for a total value of $579,138.12. Following the completion of the transaction, the director directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 261,575 shares of company stock valued at $2,795,188 over the last three months. Insiders own 5.68% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wall Street Zen downgraded Fomento Economico Mexicano from a “strong-buy” rating to a “buy” rating in a report on Monday, May 11th. Weiss Ratings raised Fomento Economico Mexicano from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. JPMorgan Chase & Co. lifted their target price on Fomento Economico Mexicano from $98.00 to $117.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Barclays lifted their target price on Fomento Economico Mexicano from $118.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Finally, UBS Group lifted their target price on Fomento Economico Mexicano from $122.00 to $139.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $117.17.

Fomento Economico Mexicano Trading Up 4.0%

Shares of NYSE:FMX opened at $128.65 on Friday. Fomento Economico Mexicano S.A.B. de C.V. has a 12-month low of $83.08 and a 12-month high of $128.73. The company has a market capitalization of $44.45 billion, a PE ratio of 28.78, a PEG ratio of 0.72 and a beta of 0.42. The business has a 50 day moving average of $119.01 and a two-hundred day moving average of $110.18. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.47.

Fomento Economico Mexicano (NYSE:FMX) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $2.43 earnings per share (EPS) for the quarter. Fomento Economico Mexicano had a return on equity of 7.33% and a net margin of 3.40%.The company had revenue of $11.61 billion during the quarter. As a group, analysts forecast that Fomento Economico Mexicano S.A.B. de C.V. will post 5.77 EPS for the current year.

Fomento Economico Mexicano Cuts Dividend

The business also recently declared 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 2.1%. Fomento Economico Mexicano’s payout ratio is presently 53.47%.

Fomento Economico Mexicano 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.