BNP Paribas Financial Markets Grows Stock Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

BNP Paribas Financial Markets increased its holdings in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 24.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 404,738 shares of the company's stock after purchasing an additional 78,436 shares during the quarter. BNP Paribas Financial Markets owned 0.11% of Fomento Económico Mexicano worth $34,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group lifted its stake in Fomento Económico Mexicano by 82.8% during 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 during the period. Mather Group LLC. lifted its position in Fomento Económico Mexicano by 179.1% during the fourth quarter. Mather Group LLC. now owns 575 shares of the company's stock valued at $49,000 after purchasing an additional 369 shares during the period. Exchange Traded Concepts LLC bought a new position in Fomento Económico Mexicano during the fourth quarter valued at approximately $51,000. Rosenberg Matthew Hamilton boosted its holdings in Fomento Económico Mexicano by 30.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock worth $65,000 after purchasing an additional 176 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in Fomento Económico Mexicano in the 4th quarter worth approximately $72,000. 61.00% of the stock is owned by hedge funds and other institutional investors.

Fomento Económico Mexicano Stock Performance

Fomento Económico Mexicano stock traded up $0.82 during trading on Wednesday, reaching $102.85. The company had a trading volume of 308,520 shares, compared to its average volume of 623,543. The firm has a market capitalization of $36.80 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 5.26 and a beta of 0.69. 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 firm's 50-day simple moving average is $100.35 and its 200 day simple moving average is $92.84. Fomento Económico Mexicano, S.A.B. de C.V. has a 52 week low of $81.08 and a 52 week high of $123.03.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last issued 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 return on equity of 8.37% and a net margin of 3.22%. The company had revenue of $9.65 billion during the quarter, compared to analysts' expectations of $194.75 billion. Sell-side analysts forecast 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 company also recently announced a dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 25th were paid a dividend of $1.628 per share. 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 yield of 1.57%. Fomento Económico Mexicano's dividend payout ratio (DPR) is presently 11.41%.

Analyst Ratings Changes

FMX has been the topic of several research analyst reports. Barclays increased their price target on Fomento Económico Mexicano from $102.00 to $108.00 and gave the company an "equal weight" rating in a report on Monday. UBS Group increased their target price on Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a "neutral" rating in a report on Friday, March 14th. The Goldman Sachs Group cut their price target on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Itau BBA Securities raised shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a research report on Monday, April 7th. Finally, StockNews.com downgraded shares of Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $105.45.

Fomento Económico Mexicano 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.