Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Holdings Decreased by American Century Companies Inc.

American Century Companies Inc. lessened its stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 2.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 284,216 shares of the company’s stock after selling 5,944 shares during the period. American Century Companies Inc. owned 0.08% of Fomento Económico Mexicano worth $30,596,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FMX. Dimensional Fund Advisors LP increased its stake in shares of Fomento Económico Mexicano by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 250,394 shares of the company’s stock valued at $32,640,000 after acquiring an additional 5,796 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of Fomento Económico Mexicano by 11.7% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,737 shares of the company’s stock worth $878,000 after buying an additional 706 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Fomento Económico Mexicano in the fourth quarter valued at $1,006,000. Thoroughbred Financial Services LLC acquired a new stake in shares of Fomento Económico Mexicano in the fourth quarter valued at $732,000. Finally, Corient Private Wealth LLC boosted its stake in Fomento Económico Mexicano by 22.0% during the fourth quarter. Corient Private Wealth LLC now owns 4,410 shares of the company’s stock valued at $575,000 after buying an additional 796 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have weighed in on FMX. Barclays cut their price target on shares of Fomento Económico Mexicano from $160.00 to $145.00 and set an “overweight” rating for the company in a report on Monday, July 15th. StockNews.com raised shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $139.50.

Fomento Económico Mexicano Trading Down 1.0 %

NYSE:FMX opened at $102.13 on Thursday. The stock has a fifty day simple moving average of $108.64 and a 200 day simple moving average of $114.83. The firm has a market capitalization of $36.54 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 5.75 and a beta of 0.94. Fomento Económico Mexicano, S.A.B. de C.V. has a 1-year low of $99.24 and a 1-year 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.

Fomento Económico Mexicano (NYSE:FMX) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $1.87 EPS for the quarter. The company had revenue of $11.54 billion during the quarter. Fomento Económico Mexicano had a net margin of 3.75% and a return on equity of 8.65%. Sell-side analysts forecast that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.44 earnings per share for the current year.

Fomento Económico Mexicano Increases Dividend

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