Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) Shares Bought by Cerity Partners LLC

Cerity Partners LLC boosted its position in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Free Report) by 25.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,778 shares of the company's stock after purchasing an additional 2,795 shares during the quarter. Cerity Partners LLC's holdings in Fomento Economico Mexicano were worth $1,344,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Banque Transatlantique SA purchased a new stake in shares of Fomento Economico Mexicano in the 4th quarter worth about $44,000. Alpine Bank Wealth Management purchased a new stake in shares of Fomento Economico Mexicano in the first quarter valued at about $46,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Fomento Economico Mexicano in the fourth quarter valued at approximately $72,000. Parallel Advisors LLC increased its stake 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 in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Fomento Economico Mexicano during the 1st quarter worth approximately $207,000. Institutional investors and hedge funds own 61.00% of the company's stock.

Fomento Economico Mexicano Trading Down 0.2%

Shares of NYSE FMX traded down $0.19 during trading on Thursday, hitting $97.40. 439,430 shares of the company traded hands, compared to its average volume of 575,704. The firm has a market capitalization of $34.85 billion, a P/E ratio of 21.79, a P/E/G ratio of 3.10 and a beta of 0.65. 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 company has a 50-day moving average price of $103.65 and a 200-day moving average price of $97.61. Fomento Economico Mexicano S.A.B. de C.V. has a 1 year low of $81.07 and a 1 year high of $114.33.

Fomento Economico Mexicano (NYSE:FMX - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07). The firm had revenue of $9.65 billion for the quarter, compared to analysts' expectations of $194.75 billion. Fomento Economico Mexicano had a net margin of 3.98% and a return on equity of 7.86%. On average, equities analysts predict that Fomento Economico Mexicano S.A.B. de C.V. will post 5.32 EPS for the current year.

Fomento Economico Mexicano Increases Dividend

The firm also recently declared a -- dividend, which will be paid on Monday, July 28th. Investors of record on Thursday, July 17th will be issued a $1.3625 dividend. This is a positive change from Fomento Economico Mexicano's previous -- dividend of $0.73. The ex-dividend date of this dividend is Thursday, July 17th. This represents a yield of 2%. Fomento Economico Mexicano's dividend payout ratio (DPR) is presently 158.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FMX shares. UBS Group boosted their price objective on shares of Fomento Economico Mexicano from $112.00 to $115.00 and gave the company a "neutral" rating in a research report on Thursday, July 10th. Barclays boosted their price target on Fomento Economico Mexicano from $102.00 to $108.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Wall Street Zen cut Fomento Economico Mexicano from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, Itau BBA Securities upgraded Fomento Economico Mexicano from a "market perform" rating to an "outperform" rating in a research note on Monday, April 7th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Fomento Economico Mexicano presently has an average rating of "Hold" and an average price target of $107.45.

Fomento Economico 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.