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

ANTIPODES PARTNERS Ltd raised its position in shares of 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 disclosure with the Securities & Exchange Commission. The firm owned 919,722 shares of the company's stock after buying an additional 103,983 shares during the period. Fomento Economico Mexicano comprises about 2.8% of ANTIPODES PARTNERS Ltd's holdings, making the stock its 15th largest holding. ANTIPODES PARTNERS Ltd owned about 0.26% of Fomento Economico Mexicano worth $89,754,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FMX. Banque Transatlantique SA purchased a new position in shares of Fomento Economico Mexicano during the fourth quarter worth about $44,000. Alpine Bank Wealth Management acquired a new position in shares of Fomento Economico Mexicano during the 1st quarter worth approximately $46,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Fomento Economico Mexicano during the 4th quarter worth approximately $72,000. Parallel Advisors LLC raised its position in shares of Fomento Economico Mexicano by 56.2% during the 1st quarter. Parallel Advisors LLC now owns 831 shares of the company's stock worth $81,000 after purchasing an additional 299 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Fomento Economico Mexicano in the 1st quarter valued at $207,000. 61.00% of the stock is currently owned by institutional investors and hedge funds.

Fomento Economico Mexicano Stock Performance

NYSE FMX traded down $6.26 on Monday, hitting $92.34. The stock had a trading volume of 1,235,394 shares, compared to its average volume of 582,068. The company's 50-day moving average is $103.46 and its two-hundred day moving average is $97.99. The company has a quick ratio of 1.31, a current ratio of 1.64 and a debt-to-equity ratio of 0.34. The stock has a market cap of $33.04 billion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 3.11 and a beta of 0.65. Fomento Economico Mexicano S.A.B. de C.V. has a one year low of $81.07 and a one year high of $114.33.

Fomento Economico Mexicano (NYSE:FMX - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.65). Fomento Economico Mexicano had a net margin of 3.98% and a return on equity of 7.86%. On average, analysts expect that Fomento Economico Mexicano S.A.B. de C.V. will post 5.32 earnings per share for the current year.

Fomento Economico Mexicano Increases Dividend

The business also recently declared a -- dividend, which will be paid on Monday, July 28th. Shareholders of record on Thursday, July 17th will be given a $1.3625 dividend. This represents a yield of 2%. This is a positive change from Fomento Economico Mexicano's previous -- dividend of $0.73. The ex-dividend date is Thursday, July 17th. Fomento Economico Mexicano's dividend payout ratio (DPR) is currently 49.22%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on FMX shares. Itau BBA Securities raised shares of Fomento Economico Mexicano from a "market perform" rating to an "outperform" rating in a research note on Monday, April 7th. Barclays upped their target price on shares of Fomento Economico Mexicano from $102.00 to $108.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. UBS Group upped their target price on shares of Fomento Economico Mexicano from $112.00 to $115.00 and gave the company a "neutral" rating in a research note on Thursday, July 10th. Finally, Wall Street Zen lowered shares of Fomento Economico Mexicano from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Fomento Economico Mexicano has a consensus rating of "Hold" and a consensus price target of $107.45.

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.