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.

Fomento Economico Mexicano SAB (NYSE:FMX) last issued its quarterly earnings data on Friday, April 26th. The company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.30). Fomento Economico Mexicano SAB had a return on equity of 7.87% and a net margin of 5.40%. The firm had revenue of $6.04 billion during the quarter. As a group, analysts anticipate that Fomento Economico Mexicano SAB will post 3.65 EPS for the current year.

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.

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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.

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Institutional Ownership by Quarter for Fomento Economico Mexicano SAB (NYSE:FMX)

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