Blue Square Asset Management LLC Sells 7,835 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Blue Square Asset Management LLC decreased its position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 83.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,574 shares of the company’s stock after selling 7,835 shares during the period. Blue Square Asset Management LLC’s holdings in Fomento Económico Mexicano were worth $205,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Headlands Technologies LLC increased its position in shares of Fomento Económico Mexicano by 448.6% in the fourth quarter. Headlands Technologies LLC now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 166 shares during the last quarter. Park Place Capital Corp increased its position in shares of Fomento Económico Mexicano by 78.2% in the first quarter. Park Place Capital Corp now owns 221 shares of the company’s stock valued at $29,000 after acquiring an additional 97 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Fomento Económico Mexicano in the first quarter valued at about $34,000. Van ECK Associates Corp increased its position in Fomento Económico Mexicano by 48.6% during the fourth quarter. Van ECK Associates Corp now owns 318 shares of the company’s stock worth $41,000 after buying an additional 104 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in Fomento Económico Mexicano by 22.1% during the fourth quarter. Parallel Advisors LLC now owns 741 shares of the company’s stock worth $97,000 after buying an additional 134 shares during the last quarter.

Fomento Económico Mexicano Stock Performance

NYSE FMX traded up $0.92 during trading on Thursday, reaching $115.60. 751,060 shares of the company’s stock were exchanged, compared to its average volume of 691,952. The business has a 50 day moving average price of $113.03 and a 200-day moving average price of $123.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.95 and a quick ratio of 1.63. Fomento Económico Mexicano, S.A.B. de C.V. has a fifty-two week low of $99.24 and a fifty-two week high of $143.43.

Fomento Económico Mexicano (NYSE:FMX) last announced its quarterly earnings results on Friday, April 26th. The company reported $0.47 earnings per share for the quarter. The firm had revenue of $10.76 billion for the quarter. Fomento Económico Mexicano had a return on equity of 8.20% and a net margin of 2.91%. As a group, equities research analysts anticipate that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.39 earnings per share for the current year.

Fomento Económico Mexicano Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 17th will be issued a dividend of $1.0206 per share. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, July 17th. This is a boost from Fomento Económico Mexicano’s previous semi-annual dividend of $0.74. Fomento Económico Mexicano’s payout ratio is currently 16.80%.

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.