ANTIPODES PARTNERS Ltd Has $89.75 Million Stock Holdings in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX)

ANTIPODES PARTNERS Ltd lifted its position in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Free Report) by 12.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 919,722 shares of the company's stock after acquiring an additional 103,983 shares during the quarter. Fomento Economico Mexicano accounts for approximately 2.8% of ANTIPODES PARTNERS Ltd's holdings, making the stock its 15th largest position. ANTIPODES PARTNERS Ltd owned 0.26% of Fomento Economico Mexicano worth $89,754,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Fomento Economico Mexicano during the 4th quarter valued at approximately $813,000. Corient Private Wealth LLC boosted its position in Fomento Economico Mexicano by 15.4% during the 4th quarter. Corient Private Wealth LLC now owns 5,147 shares of the company's stock valued at $440,000 after purchasing an additional 686 shares during the period. Quantbot Technologies LP boosted its position in Fomento Economico Mexicano by 39.1% during the 4th quarter. Quantbot Technologies LP now owns 9,301 shares of the company's stock valued at $795,000 after purchasing an additional 2,614 shares during the period. American Century Companies Inc. boosted its position in Fomento Economico Mexicano by 1.9% during the 4th quarter. American Century Companies Inc. now owns 250,188 shares of the company's stock valued at $21,389,000 after purchasing an additional 4,674 shares during the period. Finally, LPL Financial LLC boosted its position in Fomento Economico Mexicano by 93.7% during the 4th quarter. LPL Financial LLC now owns 14,391 shares of the company's stock valued at $1,230,000 after purchasing an additional 6,960 shares during the period. Institutional investors and hedge funds own 61.00% of the company's stock.

Fomento Economico Mexicano Price Performance

Shares of FMX traded up $0.64 during midday trading on Friday, reaching $98.48. The stock had a trading volume of 553,516 shares, compared to its average volume of 601,928. Fomento Economico Mexicano S.A.B. de C.V. has a 52 week low of $81.07 and a 52 week high of $114.33. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.64 and a quick ratio of 1.31. The firm's 50 day moving average price is $103.46 and its 200-day moving average price is $97.80. The company has a market capitalization of $35.23 billion, a P/E ratio of 22.03, a P/E/G ratio of 3.09 and a beta of 0.65.

Fomento Economico Mexicano (NYSE:FMX - Get Free Report) last posted 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). Fomento Economico Mexicano had a return on equity of 7.86% and a net margin of 3.98%. The firm had revenue of $9.65 billion during the quarter, compared to the consensus estimate of $194.75 billion. On average, 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 disclosed a -- dividend, which will be paid on Monday, July 28th. Stockholders of record on Thursday, July 17th will be paid a $1.3625 dividend. This represents a dividend yield of 2%. The ex-dividend date of this dividend is Thursday, July 17th. This is an increase from Fomento Economico Mexicano's previous -- dividend of $0.73. Fomento Economico Mexicano's payout ratio is currently 49.22%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wall Street Zen lowered Fomento Economico Mexicano from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Itau BBA Securities upgraded Fomento Economico Mexicano from a "market perform" rating to an "outperform" rating in a research report on Monday, April 7th. UBS Group boosted their price target on Fomento Economico Mexicano from $112.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday, July 10th. Finally, Barclays boosted their price target on Fomento Economico Mexicano from $102.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Four research 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 company has a consensus rating of "Hold" and an average price target of $107.45.

About Fomento Economico Mexicano

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.