Fomento Economico Mexicano (NYSE:FMX) Director Sells $579,138.12 in Stock

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) Director Garza Alfonso Garza sold 52,316 shares of Fomento Economico Mexicano stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $11.07, for a total transaction of $579,138.12. Following the completion of the sale, the director owned 1,233,080 shares in the company, valued at $13,650,195.60. The trade was a 4.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Garza Alfonso Garza also recently made the following trade(s):

• On Friday, March 27th, Garza Alfonso Garza sold 52,311 shares of Fomento Economico Mexicano stock. The shares were sold at an average price of $11.19, for a total transaction of $585,360.09.
• On Monday, March 23rd, Garza Alfonso Garza sold 52,316 shares of Fomento Economico Mexicano stock. The shares were sold at an average price of $10.31, for a total transaction of $539,377.96.
• On Friday, March 20th, Garza Alfonso Garza sold 52,316 shares of Fomento Economico Mexicano stock. The shares were sold at an average price of $10.26, for a total transaction of $536,762.16.
• On Wednesday, March 18th, Garza Alfonso Garza sold 52,316 shares of Fomento Economico Mexicano stock. The shares were sold at an average price of $10.60, for a total transaction of $554,549.60.

Fomento Economico Mexicano Stock Down 0.0%

Fomento Economico Mexicano stock opened at $116.59 on Monday. The firm has a market capitalization of $40.29 billion, a PE ratio of 40.91, a P/E/G ratio of 0.85 and a beta of 0.40. The company’s 50-day moving average is $110.42 and its 200-day moving average is $102.87. Fomento Economico Mexicano S.A.B. de C.V. has a fifty-two week low of $83.08 and a fifty-two week high of $118.43. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.35 and a quick ratio of 1.02.

Fomento Economico Mexicano (NYSE:FMX) last released its quarterly earnings data on Saturday, February 14th. The company reported $1.36 earnings per share for the quarter. The company had revenue of $12.21 billion for the quarter. Fomento Economico Mexicano had a net margin of 2.29% and a return on equity of 6.11%. Sell-side analysts anticipate that Fomento Economico Mexicano S.A.B. de C.V. will post 5.32 earnings per share for the current year.

Fomento Economico Mexicano Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Wednesday, April 22nd will be paid a dividend of $0.6658 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $2.66 annualized dividend and a dividend yield of 2.3%. Fomento Economico Mexicano’s payout ratio is currently 80.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its stake in Fomento Economico Mexicano by 7.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the company’s stock valued at $134,000 after buying an additional 96 shares during the last quarter. UMB Bank n.a. grew its stake in Fomento Economico Mexicano by 15.1% in the 4th quarter. UMB Bank n.a. now owns 733 shares of the company’s stock valued at $74,000 after buying an additional 96 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Fomento Economico Mexicano by 42.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 439 shares of the company’s stock valued at $45,000 after buying an additional 131 shares during the last quarter. Arax Advisory Partners grew its stake in Fomento Economico Mexicano by 20.1% in the 4th quarter. Arax Advisory Partners now owns 812 shares of the company’s stock valued at $82,000 after buying an additional 136 shares during the last quarter. Finally, Signaturefd LLC grew its stake in Fomento Economico Mexicano by 5.1% in the 4th quarter. Signaturefd LLC now owns 2,986 shares of the company’s stock valued at $302,000 after buying an additional 144 shares during the last quarter. Institutional investors and hedge funds own 61.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FMX shares. Barclays boosted their price objective on shares of Fomento Economico Mexicano from $116.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. The Goldman Sachs Group boosted their price objective on shares of Fomento Economico Mexicano from $113.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Fomento Economico Mexicano in a research note on Thursday, January 22nd. Finally, UBS Group boosted their price objective on shares of Fomento Economico Mexicano from $109.00 to $122.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Fomento Economico Mexicano presently has an average rating of “Hold” and an average target price of $110.67.

Fomento Economico Mexicano Company Profile

Fomento Económico Mexicano, SAB. de C.V. (FEMSA) is a Mexican multinational company active primarily in the retail and beverage sectors. Headquartered in Monterrey, Mexico, FEMSA’s operations span convenience store retailing, beverage bottling and distribution, and related logistics and consumer services. The company’s business model combines high-frequency retail outlets with large-scale beverage production and a regional supply chain network.

FEMSA Comercio, the company’s retail arm, operates a large chain of convenience stores under the OXXO brand and has expanded its retail footprint with complementary formats and services.