Cape Investment Advisory Inc. Sells 164 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Cape Investment Advisory Inc. cut its holdings in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 36.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 290 shares of the company’s stock after selling 164 shares during the period. Cape Investment Advisory Inc.’s holdings in Fomento Económico Mexicano were worth $38,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Headlands Technologies LLC boosted its position in Fomento Económico Mexicano by 448.6% in the 4th quarter. Headlands Technologies LLC now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 166 shares during the last quarter. Park Place Capital Corp boosted its position in shares of Fomento Económico Mexicano by 78.2% in the 1st quarter. Park Place Capital Corp now owns 221 shares of the company’s stock worth $29,000 after purchasing an additional 97 shares during the last quarter. Mather Group LLC. bought a new position in shares of Fomento Económico Mexicano in the 1st quarter worth $34,000. Van ECK Associates Corp boosted its position in shares of Fomento Económico Mexicano by 48.6% in the 4th quarter. Van ECK Associates Corp now owns 318 shares of the company’s stock worth $41,000 after purchasing an additional 104 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Fomento Económico Mexicano by 22.1% in the 4th quarter. Parallel Advisors LLC now owns 741 shares of the company’s stock worth $97,000 after purchasing an additional 134 shares during the last quarter.

Analyst Ratings Changes

Separately, Barclays reduced their price target on Fomento Económico Mexicano from $160.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday, July 15th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $139.50.

Fomento Económico Mexicano Trading Down 1.0 %

Fomento Económico Mexicano stock traded down $1.15 during mid-day trading on Friday, hitting $108.87. 799,958 shares of the company’s stock were exchanged, compared to its average volume of 756,192. The firm has a market capitalization of $38.95 billion, a P/E ratio of 29.50, a PEG ratio of 4.08 and a beta of 0.94. 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. The company has a quick ratio of 1.44, a current ratio of 1.72 and a debt-to-equity ratio of 0.36. The company’s 50 day simple moving average is $111.01 and its 200-day simple moving average is $121.26.

Fomento Económico Mexicano Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, July 29th. Investors of record on Wednesday, July 17th were paid a dividend of $1.0206 per share. This represents a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, July 17th. This is an increase from Fomento Económico Mexicano’s previous semi-annual dividend of $0.74. Fomento Económico Mexicano’s dividend payout ratio (DPR) is presently 14.63%.

Fomento Económico Mexicano 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.