Aquatic Capital Management LLC Has $699,000 Stock Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Aquatic Capital Management LLC decreased its holdings in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 58.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,176 shares of the company's stock after selling 11,624 shares during the quarter. Aquatic Capital Management LLC's holdings in Fomento Económico Mexicano were worth $699,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FMX. Franklin Resources Inc. boosted its position in shares of Fomento Económico Mexicano by 4.2% in the fourth quarter. Franklin Resources Inc. now owns 3,117 shares of the company's stock valued at $266,000 after acquiring an additional 125 shares during the period. Brooklyn Investment Group raised its holdings in Fomento Económico Mexicano by 82.8% in the 4th quarter. Brooklyn Investment Group now owns 340 shares of the company's stock valued at $29,000 after acquiring an additional 154 shares in the last quarter. Rosenberg Matthew Hamilton grew its holdings in shares of Fomento Económico Mexicano by 30.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock worth $65,000 after purchasing an additional 176 shares in the last quarter. UMB Bank n.a. lifted its position in Fomento Económico Mexicano by 29.7% in the fourth quarter. UMB Bank n.a. now owns 887 shares of the company's stock worth $76,000 after purchasing an additional 203 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in Fomento Económico Mexicano by 5.8% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,015 shares of the company's stock worth $429,000 after purchasing an additional 274 shares during the period. Institutional investors and hedge funds own 61.00% of the company's stock.

Fomento Económico Mexicano Price Performance

Shares of FMX traded up $1.01 during mid-day trading on Wednesday, hitting $103.89. 50,434 shares of the company traded hands, compared to its average volume of 622,440. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $37.17 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 5.26 and a beta of 0.69. The business has a 50-day moving average of $99.62 and a 200 day moving average of $92.68. Fomento Económico Mexicano, S.A.B. de C.V. has a one year low of $81.08 and a one year high of $123.09.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07). The firm had revenue of $9.65 billion during the quarter, compared to the consensus estimate of $194.75 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. As a group, equities analysts expect that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 earnings per share for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 25th were paid a $1.628 dividend. The ex-dividend date was Thursday, April 24th. This is a boost from Fomento Económico Mexicano's previous dividend of $0.92. This represents a yield of 1.57%. Fomento Económico Mexicano's dividend payout ratio (DPR) is presently 11.41%.

Analysts Set New Price Targets

A number of research firms have recently commented on FMX. Itau BBA Securities raised shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a report on Monday, April 7th. Barclays raised their target price on Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. StockNews.com cut Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th. UBS Group lifted their price objective on Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a "neutral" rating in a report on Friday, March 14th. Finally, The Goldman Sachs Group lowered their target price on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating on the stock in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $103.95.

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.