Baker Ellis Asset Management LLC Sells 2,362 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Baker Ellis Asset Management LLC lessened its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 5.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,838 shares of the company’s stock after selling 2,362 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Fomento Económico Mexicano were worth $3,491,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Fomento Económico Mexicano in the 3rd quarter valued at $7,672,000. BNP Paribas Financial Markets grew its position in Fomento Económico Mexicano by 107.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 326,302 shares of the company’s stock valued at $32,209,000 after acquiring an additional 169,184 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Fomento Económico Mexicano by 740.2% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 472,200 shares of the company’s stock valued at $50,832,000 after acquiring an additional 416,000 shares during the last quarter. Perpetual Ltd grew its position in Fomento Económico Mexicano by 9.4% in the 3rd quarter. Perpetual Ltd now owns 746,826 shares of the company’s stock valued at $73,719,000 after acquiring an additional 64,291 shares during the last quarter. Finally, Baillie Gifford & Co. grew its position in Fomento Económico Mexicano by 10.8% in the 3rd quarter. Baillie Gifford & Co. now owns 4,306,739 shares of the company’s stock valued at $425,118,000 after acquiring an additional 421,057 shares during the last quarter. Institutional investors own 61.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FMX shares. StockNews.com raised Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Barclays downgraded Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $126.33.

Fomento Económico Mexicano Price Performance

FMX opened at $84.33 on Thursday. Fomento Económico Mexicano, S.A.B. de C.V. has a 12-month low of $81.07 and a 12-month high of $143.43. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37. The business’s fifty day simple moving average is $86.86 and its 200-day simple moving average is $98.16. The company has a market capitalization of $30.17 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 4.90 and a beta of 0.90.

Fomento Económico Mexicano Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were given a dividend of $0.9201 per share. The ex-dividend date of this dividend was Friday, January 17th. This is an increase from Fomento Económico Mexicano’s previous dividend of $0.74. Fomento Económico Mexicano’s dividend payout ratio (DPR) is presently 12.05%.

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.