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

Triasima Portfolio Management inc. reduced its stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 87.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,315 shares of the company’s stock after selling 36,405 shares during the period. Triasima Portfolio Management inc.’s holdings in Fomento Económico Mexicano were worth $572,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of FMX. Baillie Gifford & Co. lifted its holdings in shares of Fomento Económico Mexicano by 9.0% in the 1st quarter. Baillie Gifford & Co. now owns 4,183,454 shares of the company’s stock worth $544,979,000 after buying an additional 344,815 shares during the period. Schroder Investment Management Group raised its holdings in shares of Fomento Económico Mexicano by 3.8% in the 4th quarter. Schroder Investment Management Group now owns 2,583,664 shares of the company’s stock valued at $336,781,000 after purchasing an additional 94,199 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its holdings in shares of Fomento Económico Mexicano by 19.4% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 945,491 shares of the company’s stock valued at $123,169,000 after purchasing an additional 153,771 shares in the last quarter. LA Financiere DE L Echiquier lifted its position in shares of Fomento Económico Mexicano by 22.1% in the 2nd quarter. LA Financiere DE L Echiquier now owns 776,241 shares of the company’s stock worth $83,562,000 after purchasing an additional 140,309 shares during the period. Finally, Axiom Investors LLC DE boosted its stake in shares of Fomento Económico Mexicano by 2.6% during the fourth quarter. Axiom Investors LLC DE now owns 689,860 shares of the company’s stock valued at $89,923,000 after purchasing an additional 17,659 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FMX shares. Barclays reduced their price objective on shares of Fomento Económico Mexicano from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Monday, July 15th. StockNews.com upgraded Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $139.50.

Fomento Económico Mexicano Stock Down 0.1 %

NYSE:FMX traded down $0.10 during midday trading on Friday, reaching $101.96. 1,155,589 shares of the stock traded hands, compared to its average volume of 700,630. The stock has a market capitalization of $36.48 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 4.01 and a beta of 0.94. Fomento Económico Mexicano, S.A.B. de C.V. has a 12-month low of $99.24 and a 12-month high of $143.43. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 1.72. The business has a 50-day moving average of $109.66 and a two-hundred day moving average of $116.08.

Fomento Económico Mexicano (NYSE:FMX) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.87 EPS for the quarter. The firm had revenue of $11.54 billion during the quarter. Fomento Económico Mexicano had a return on equity of 8.65% and a net margin of 3.75%. On average, equities analysts forecast that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.12 earnings per share for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, July 29th. Shareholders of record on Wednesday, July 17th were paid a $1.0206 dividend. The ex-dividend date was Wednesday, July 17th. This is a boost from Fomento Económico Mexicano’s previous semi-annual dividend of $0.74. This represents a yield of 1.5%. Fomento Económico Mexicano’s dividend payout ratio (DPR) is 14.36%.

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.