Citigroup Inc. Sells 6,193 Shares of Fomento Economico Mexicano SAB (NYSE:FMX)
Citigroup Inc. trimmed its holdings in Fomento Economico Mexicano SAB (NYSE:FMX) by 15.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,228 shares of the company’s stock after selling 6,193 shares during the period. Citigroup Inc.’s holdings in Fomento Economico Mexicano SAB were worth $3,250,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Rockefeller Capital Management L.P. bought a new stake in Fomento Economico Mexicano SAB in the first quarter worth approximately $28,000. Atlas Capital Advisors LLC bought a new stake in Fomento Economico Mexicano SAB in the first quarter worth approximately $29,000. Icon Wealth Partners LLC bought a new stake in Fomento Economico Mexicano SAB in the first quarter worth approximately $46,000. YorkBridge Wealth Partners LLC bought a new stake in Fomento Economico Mexicano SAB in the fourth quarter worth approximately $136,000. Finally, Advisor Group Inc. grew its position in Fomento Economico Mexicano SAB by 232.0% in the fourth quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock worth $150,000 after acquiring an additional 1,218 shares in the last quarter. 20.85% of the stock is owned by institutional investors.
Shares of Fomento Economico Mexicano SAB stock opened at $97.47 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.39 and a debt-to-equity ratio of 0.44. Fomento Economico Mexicano SAB has a 1-year low of $80.86 and a 1-year high of $101.12. The firm has a market capitalization of $34.54 billion, a PE ratio of 28.25, a PEG ratio of 1.67 and a beta of 0.63.
The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, May 17th. Stockholders of record on Monday, May 6th were paid a $0.756 dividend. This represents a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, May 3rd. Fomento Economico Mexicano SAB’s payout ratio is 43.19%.
Several analysts have commented on the stock. ValuEngine raised shares of Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th. Santander downgraded shares of Fomento Economico Mexicano SAB from a “hold” rating to an “underperform” rating in a research report on Monday, February 25th. Two analysts have rated the stock with a sell rating and five have given a buy rating to the company. Fomento Economico Mexicano SAB has an average rating of “Hold” and a consensus price target of $100.00.
TRADEMARK VIOLATION WARNING: This piece was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://www.watchlistnews.com/citigroup-inc-sells-6193-shares-of-fomento-economico-mexicano-sab-nysefmx/3039142.html.
About Fomento Economico Mexicano SAB
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, including sparkling beverages; and waters, juices, coffee, tea, sports and energy drinks, and dairy and plant-based protein beverages.
Featured Story: The mechanics of the bid-ask spread in trading
Want to see what other hedge funds are holding FMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fomento Economico Mexicano SAB (NYSE:FMX).
Receive News & Ratings for Fomento Economico Mexicano SAB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fomento Economico Mexicano SAB and related companies with MarketBeat.com's FREE daily email newsletter.