Triasima Portfolio Management inc. Has $5.87 Million Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Triasima Portfolio Management inc. cut its stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,045 shares of the company’s stock after selling 1,575 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Fomento Económico Mexicano were worth $5,872,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in FMX. Bank of New York Mellon Corp grew its holdings in Fomento Económico Mexicano by 674.3% during the 1st quarter. Bank of New York Mellon Corp now owns 51,178 shares of the company’s stock worth $4,239,000 after acquiring an additional 44,568 shares during the last quarter. American Century Companies Inc. grew its holdings in Fomento Económico Mexicano by 8.0% during the 1st quarter. American Century Companies Inc. now owns 15,776 shares of the company’s stock worth $1,307,000 after acquiring an additional 1,162 shares during the last quarter. HighTower Advisors LLC bought a new stake in shares of Fomento Económico Mexicano in the 1st quarter valued at $202,000. BlackRock Inc. boosted its stake in shares of Fomento Económico Mexicano by 22.2% in the 1st quarter. BlackRock Inc. now owns 2,019,228 shares of the company’s stock valued at $167,294,000 after purchasing an additional 366,751 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Fomento Económico Mexicano by 24.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 390,008 shares of the company’s stock valued at $32,314,000 after acquiring an additional 77,073 shares during the period.

Wall Street Analyst Weigh In

Several research firms have weighed in on FMX. Bank of America restated a “neutral” rating on shares of Fomento Económico Mexicano in a report on Monday, February 26th. StockNews.com lowered shares of Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. HSBC upgraded shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating and increased their price target for the company from $124.00 to $152.00 in a research report on Friday, February 9th. Finally, UBS Group lowered shares of Fomento Económico Mexicano from a “buy” rating to a “neutral” rating in a research report on Friday, January 12th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $135.75.

Fomento Económico Mexicano Stock Performance

NYSE:FMX traded down $1.09 on Friday, reaching $124.24. 635,214 shares of the company’s stock were exchanged, compared to its average volume of 746,672. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.91 and a quick ratio of 1.60. The firm has a market cap of $44.46 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 0.95 and a beta of 0.94. Fomento Económico Mexicano, S.A.B. de C.V. has a 52 week low of $91.71 and a 52 week high of $143.43. The stock has a fifty day simple moving average of $129.20 and a 200-day simple moving average of $124.62.

Fomento Económico Mexicano (NYSE:FMX) last announced its quarterly earnings results on Friday, February 23rd. The company reported $1.07 earnings per share (EPS) for the quarter. Fomento Económico Mexicano had a net margin of 8.53% and a return on equity of 9.63%. The firm had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $11.21 billion. As a group, sell-side analysts predict that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Fomento Económico Mexicano Increases Dividend

The business also recently announced an annual dividend, which will be paid on Monday, April 29th. Investors of record on Wednesday, April 17th will be paid a $1.115 dividend. This is an increase from Fomento Económico Mexicano’s previous annual dividend of $0.74. This represents a yield of 0.87%. The ex-dividend date is Tuesday, April 16th. Fomento Económico Mexicano’s dividend payout ratio (DPR) is currently 6.11%.

Fomento Económico Mexicano Company 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.