Asset Value Investors Ltd Purchases New Shares in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Asset Value Investors Ltd bought a new stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 500,565 shares of the company's stock, valued at approximately $42,793,000. Fomento Económico Mexicano accounts for approximately 19.2% of Asset Value Investors Ltd's portfolio, making the stock its 2nd biggest holding. Asset Value Investors Ltd owned 0.14% of Fomento Económico Mexicano as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. FMR LLC increased its stake in Fomento Económico Mexicano by 540.3% in the 4th quarter. FMR LLC now owns 3,147,544 shares of the company's stock valued at $269,084,000 after purchasing an additional 2,655,962 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of Fomento Económico Mexicano by 20.5% in the fourth quarter. First Eagle Investment Management LLC now owns 12,655,733 shares of the company's stock valued at $1,081,939,000 after buying an additional 2,150,913 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Fomento Económico Mexicano by 20.4% in the fourth quarter. Schroder Investment Management Group now owns 4,228,299 shares of the company's stock valued at $360,716,000 after buying an additional 717,666 shares in the last quarter. Talaria Asset Management Pty Ltd acquired a new position in shares of Fomento Económico Mexicano during the 4th quarter worth $47,110,000. Finally, Nuveen Asset Management LLC boosted its position in shares of Fomento Económico Mexicano by 25.4% in the 4th quarter. Nuveen Asset Management LLC now owns 2,158,614 shares of the company's stock worth $184,540,000 after buying an additional 437,699 shares in the last quarter. 61.00% of the stock is currently owned by hedge funds and other institutional investors.

Fomento Económico Mexicano Trading Up 0.6%

FMX traded up $0.61 during trading on Thursday, hitting $107.46. The company's stock had a trading volume of 433,692 shares, compared to its average volume of 618,141. Fomento Económico Mexicano, S.A.B. de C.V. has a twelve month low of $81.08 and a twelve month high of $119.18. The stock has a market cap of $38.45 billion, a PE ratio of 27.55, a PEG ratio of 5.26 and a beta of 0.69. The firm's 50 day moving average price is $102.01 and its 200-day moving average price is $93.54. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.07). Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. The business had revenue of $9.65 billion during the quarter, compared to analyst estimates of $194.75 billion. On average, analysts expect that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 earnings per share for the current year.

Fomento Económico Mexicano Increases Dividend

The business also recently announced a dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 25th were issued a $1.628 dividend. This represents a yield of 1.57%. This is an increase from Fomento Económico Mexicano's previous dividend of $0.92. The ex-dividend date was Thursday, April 24th. Fomento Económico Mexicano's payout ratio is presently 11.41%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Wall Street Zen downgraded shares of Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th. UBS Group lifted their price objective on Fomento Económico Mexicano from $107.00 to $112.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Barclays increased their target price on Fomento Económico Mexicano from $102.00 to $108.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Finally, Itau BBA Securities raised Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a report on Monday, April 7th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Fomento Económico Mexicano has a consensus rating of "Hold" and an average target price of $106.70.

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.