Assenagon Asset Management S.A. Has $349,000 Holdings in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX)

Assenagon Asset Management S.A. lowered its holdings in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Free Report) by 97.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,576 shares of the company's stock after selling 131,427 shares during the period. Assenagon Asset Management S.A.'s holdings in Fomento Economico Mexicano were worth $349,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. First Eagle Investment Management LLC boosted its holdings in Fomento Economico Mexicano by 20.5% in the 4th quarter. First Eagle Investment Management LLC now owns 12,655,733 shares of the company's stock valued at $1,081,939,000 after purchasing an additional 2,150,913 shares during the period. Royal Bank of Canada lifted its holdings in shares of Fomento Economico Mexicano by 5.5% during the 4th quarter. Royal Bank of Canada now owns 5,269,083 shares of the company's stock worth $450,454,000 after acquiring an additional 274,467 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Fomento Economico Mexicano by 20.4% during the 4th quarter. Schroder Investment Management Group now owns 4,228,299 shares of the company's stock worth $360,716,000 after acquiring an additional 717,666 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Fomento Economico Mexicano by 6.8% during the 4th quarter. JPMorgan Chase & Co. now owns 3,238,177 shares of the company's stock worth $276,832,000 after acquiring an additional 205,981 shares during the period. Finally, FMR LLC lifted its holdings in shares of Fomento Economico Mexicano by 540.3% during the 4th quarter. FMR LLC now owns 3,147,544 shares of the company's stock worth $269,084,000 after acquiring an additional 2,655,962 shares during the period. Institutional investors own 61.00% of the company's stock.

Fomento Economico Mexicano Trading Up 0.2%

NYSE FMX traded up $0.20 on Monday, hitting $100.64. The company's stock had a trading volume of 555,807 shares, compared to its average volume of 606,193. The company has a quick ratio of 1.31, a current ratio of 1.64 and a debt-to-equity ratio of 0.34. Fomento Economico Mexicano S.A.B. de C.V. has a 1-year low of $81.08 and a 1-year high of $119.18. The company's 50-day moving average is $104.57 and its 200 day moving average is $95.44. The firm has a market cap of $36.01 billion, a PE ratio of 22.51, a PEG ratio of 3.53 and a beta of 0.67.

Fomento Economico Mexicano (NYSE:FMX - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.07). Fomento Economico Mexicano had a net margin of 3.98% and a return on equity of 7.86%. The business had revenue of $9.65 billion during the quarter, compared to analyst estimates of $194.75 billion. As a group, analysts predict 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 firm also recently declared a dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 25th were given a $1.628 dividend. This is a boost from Fomento Economico Mexicano's previous dividend of $0.92. This represents a yield of 1.57%. The ex-dividend date of this dividend was Thursday, April 24th. Fomento Economico Mexicano's dividend payout ratio is 11.41%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Itau BBA Securities upgraded shares of Fomento Economico Mexicano from a "market perform" rating to an "outperform" rating in a research report on Monday, April 7th. Wall Street Zen cut shares of Fomento Economico Mexicano from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th. UBS Group upped their price objective on shares of Fomento Economico Mexicano from $107.00 to $112.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Finally, Barclays upped their price objective on shares of 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 analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $106.70.

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.