Free Trial

AREX Capital Management LP Makes New $278,000 Investment in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Fomento Económico Mexicano logo with Consumer Staples background

AREX Capital Management LP purchased a new stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,255 shares of the company's stock, valued at approximately $278,000. Fomento Económico Mexicano comprises 0.4% of AREX Capital Management LP's holdings, making the stock its 14th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Barclays PLC grew its position in shares of Fomento Económico Mexicano by 78.2% during the 3rd quarter. Barclays PLC now owns 72,159 shares of the company's stock worth $7,123,000 after buying an additional 31,656 shares during the period. Synovus Financial Corp raised its position in shares of Fomento Económico Mexicano by 100.6% during the 3rd quarter. Synovus Financial Corp now owns 12,192 shares of the company's stock valued at $1,204,000 after acquiring an additional 6,113 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in shares of Fomento Económico Mexicano by 30.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock valued at $65,000 after purchasing an additional 176 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Fomento Económico Mexicano by 141.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 135,003 shares of the company's stock worth $11,541,000 after purchasing an additional 79,181 shares during the period. Finally, Park Avenue Securities LLC acquired a new position in Fomento Económico Mexicano in the fourth quarter valued at about $225,000. Institutional investors own 61.00% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. The Goldman Sachs Group lowered their price target on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating for the company in a report on Tuesday, January 28th. Barclays upped their price objective on Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. StockNews.com cut Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th. Itau BBA Securities upgraded shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a research report on Monday, April 7th. Finally, UBS Group upped their target price on Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $103.95.

View Our Latest Stock Analysis on FMX

Fomento Económico Mexicano Price Performance

Shares of FMX traded down $1.32 during mid-day trading on Thursday, reaching $102.65. The company had a trading volume of 147,666 shares, compared to its average volume of 622,489. The company's 50 day simple moving average is $99.82 and its 200 day simple moving average is $92.76. The company has a market capitalization of $36.73 billion, a price-to-earnings ratio of 26.32, a P/E/G ratio of 5.26 and a beta of 0.69. Fomento Económico Mexicano, S.A.B. de C.V. has a 1-year low of $81.08 and a 1-year high of $123.09. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.62.

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

Fomento Económico Mexicano Increases Dividend

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

About Fomento Económico Mexicano

(Free Report)

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.

Featured Articles

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

Should You Invest $1,000 in Fomento Económico Mexicano Right Now?

Before you consider Fomento Económico Mexicano, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fomento Económico Mexicano wasn't on the list.

While Fomento Económico Mexicano currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

20 High-Yield Dividend Stocks that Could Ruin Your Retirement Cover

Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings Preview: HUGE Stock Move Ahead
These 5 Small Stocks Could Deliver Huge Returns
ACT FAST! Congress Is POURING Into This Stock

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines