Hsbc Holdings PLC Decreases Stock Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Hsbc Holdings PLC decreased its position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,129 shares of the company’s stock after selling 502 shares during the period. Hsbc Holdings PLC’s holdings in Fomento Económico Mexicano were worth $1,122,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FMX. Stifel Financial Corp grew its stake in shares of Fomento Económico Mexicano by 11.1% during the fourth quarter. Stifel Financial Corp now owns 13,864 shares of the company’s stock valued at $1,185,000 after acquiring an additional 1,385 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Fomento Económico Mexicano during the 4th quarter valued at approximately $72,000. NewEdge Advisors LLC increased its holdings in Fomento Económico Mexicano by 9.7% during the 4th quarter. NewEdge Advisors LLC now owns 4,328 shares of the company’s stock worth $370,000 after purchasing an additional 382 shares during the last quarter. Mariner LLC raised its position in shares of Fomento Económico Mexicano by 3.1% in the 4th quarter. Mariner LLC now owns 22,335 shares of the company’s stock valued at $1,909,000 after purchasing an additional 674 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Fomento Económico Mexicano by 28.2% during the 4th quarter. Barclays PLC now owns 92,483 shares of the company’s stock valued at $7,907,000 after buying an additional 20,324 shares during the last quarter. Institutional investors and hedge funds own 61.00% of the company’s stock.

Fomento Económico Mexicano Stock Performance

Shares of NYSE FMX opened at $101.26 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average price is $99.20 and its two-hundred day moving average price is $92.61. Fomento Económico Mexicano, S.A.B. de C.V. has a 52-week low of $81.08 and a 52-week high of $123.09. The stock has a market capitalization of $36.23 billion, a P/E ratio of 25.96, a P/E/G ratio of 5.26 and a beta of 0.68.

Fomento Económico Mexicano (NYSE:FMX) last released its quarterly earnings data on Monday, April 28th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.07). Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. The company had revenue of $9.65 billion for the quarter, compared to analyst estimates of $194.75 billion. As a group, sell-side analysts forecast that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 earnings per share for the current year.

Fomento Económico Mexicano Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, May 5th. Investors of record on Friday, April 25th will be issued a $1.628 dividend. This represents a dividend yield of 1.57%. The ex-dividend date is Thursday, April 24th. This is a boost from Fomento Económico Mexicano’s previous dividend of $0.92. Fomento Económico Mexicano’s dividend payout ratio (DPR) is 10.96%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FMX shares. UBS Group upped their price target on shares of Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, March 14th. Itau BBA Securities upgraded shares of Fomento Económico Mexicano from a “market perform” rating to an “outperform” rating in a research note on Monday, April 7th. StockNews.com downgraded Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a research note on Wednesday. Barclays upped their price objective on Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group decreased their target price on Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $103.95.

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.