Park Avenue Securities LLC Has $369,000 Stock Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Park Avenue Securities LLC cut its position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 5.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,831 shares of the company’s stock after selling 155 shares during the period. Park Avenue Securities LLC’s holdings in Fomento Económico Mexicano were worth $369,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC raised its stake in shares of Fomento Económico Mexicano by 448.6% in the fourth quarter. Headlands Technologies LLC now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 166 shares during the last quarter. Mather Group LLC. acquired a new position in Fomento Económico Mexicano in the first quarter worth $34,000. Van ECK Associates Corp grew its holdings in shares of Fomento Económico Mexicano by 48.6% during the fourth quarter. Van ECK Associates Corp now owns 318 shares of the company’s stock worth $41,000 after purchasing an additional 104 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Fomento Económico Mexicano by 22.1% in the fourth quarter. Parallel Advisors LLC now owns 741 shares of the company’s stock valued at $97,000 after buying an additional 134 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Fomento Económico Mexicano by 6.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the company’s stock valued at $153,000 after buying an additional 72 shares during the last quarter.

Fomento Económico Mexicano Stock Performance

Shares of NYSE:FMX opened at $107.65 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.95 and a quick ratio of 1.63. 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’s 50-day moving average price is $114.40 and its two-hundred day moving average price is $124.33.

Fomento Económico Mexicano (NYSE:FMX) last released its quarterly earnings results on Friday, April 26th. The company reported $0.47 EPS for the quarter. The business had revenue of $10.76 billion for the quarter. Fomento Económico Mexicano had a net margin of 2.91% and a return on equity of 8.20%. On average, sell-side analysts predict that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.39 EPS for the current year.

Fomento Económico Mexicano Increases Dividend

The company also recently announced an annual dividend, which was paid on Monday, April 29th. Stockholders of record on Wednesday, April 17th were given a dividend of $1.115 per share. The ex-dividend date was Tuesday, April 16th. This represents a dividend yield of 0.87%. This is an increase from Fomento Económico Mexicano’s previous annual dividend of $0.74. Fomento Económico Mexicano’s payout ratio is presently 16.80%.

Fomento Económico Mexicano Company 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.