5,150 Shares in Fomento Economico Mexicano S.A.B. de C.V. $FMX Bought by Northside Capital Management LLC

Key Points

• Northside Capital Management LLC has acquired 5,150 shares of Fomento Economico Mexicano S.A.B. de C.V., worth approximately $530,000, as disclosed in a recent 13F filing.
• Fomento Economico Mexicano increased its quarterly dividend from $0.73 to $1.3625 per share, reflecting an annualized yield of 5.5%.
• Wall Street analysts are mixed on the stock, with ratings ranging from "Buy" to "Strong Sell," having a consensus rating of "Hold" and an average target price of $100.97.

Northside Capital Management LLC bought a new stake in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,150 shares of the company's stock, valued at approximately $530,000.

Several other hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new stake in shares of Fomento Economico Mexicano during the 1st quarter valued at $207,000. Crossmark Global Holdings Inc. increased its position in shares of Fomento Economico Mexicano by 29.3% during the 1st quarter. Crossmark Global Holdings Inc. now owns 26,359 shares of the company's stock valued at $2,572,000 after purchasing an additional 5,977 shares during the last quarter. Royal Bank of Canada increased its position in shares of Fomento Economico Mexicano by 1.9% during the 1st quarter. Royal Bank of Canada now owns 5,369,981 shares of the company's stock valued at $524,003,000 after purchasing an additional 100,898 shares during the last quarter. Cerity Partners LLC boosted its holdings in Fomento Economico Mexicano by 25.4% during the 1st quarter. Cerity Partners LLC now owns 13,778 shares of the company's stock valued at $1,344,000 after acquiring an additional 2,795 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Fomento Economico Mexicano by 27,873.3% during the 1st quarter. GAMMA Investing LLC now owns 20,980 shares of the company's stock valued at $2,047,000 after acquiring an additional 20,905 shares during the period. 61.00% of the stock is currently owned by institutional investors.

Fomento Economico Mexicano Trading Up 1.3%

NYSE FMX opened at $98.23 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.34 and a debt-to-equity ratio of 0.42. Fomento Economico Mexicano S.A.B. de C.V. has a twelve month low of $81.07 and a twelve month high of $108.74. The firm has a market capitalization of $35.15 billion, a PE ratio of 33.41, a P/E/G ratio of 5.68 and a beta of 0.70. The stock's 50 day moving average is $90.30 and its 200 day moving average is $98.09.

Fomento Economico Mexicano (NYSE:FMX - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.49). Fomento Economico Mexicano had a net margin of 2.60% and a return on equity of 5.32%. The firm had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $216.71 billion. Research analysts forecast that Fomento Economico Mexicano S.A.B. de C.V. will post 5.32 earnings per share for the current fiscal year.

Fomento Economico Mexicano Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 28th. Investors of record on Thursday, July 17th were given a dividend of $1.3625 per share. This is a boost from Fomento Economico Mexicano's previous quarterly dividend of $0.73. This represents a $5.45 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Thursday, July 17th. Fomento Economico Mexicano's dividend payout ratio is presently 74.83%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Citigroup upgraded Fomento Economico Mexicano from a "neutral" rating to a "buy" rating and increased their target price for the company from $93.00 to $97.00 in a report on Tuesday, September 9th. Zacks Research cut Fomento Economico Mexicano from a "hold" rating to a "strong sell" rating in a report on Friday, September 5th. JPMorgan Chase & Co. increased their target price on Fomento Economico Mexicano from $95.00 to $96.00 and gave the company a "neutral" rating in a report on Monday, September 15th. Barclays dropped their target price on Fomento Economico Mexicano from $110.00 to $107.00 and set an "equal weight" rating for the company in a report on Thursday, July 31st. Finally, Morgan Stanley restated an "equal weight" rating and set a $97.00 target price (down from $132.00) on shares of Fomento Economico Mexicano in a report on Tuesday, August 19th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $100.97.

Fomento Economico 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.

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