Crossmark Global Holdings Inc. Increases Holdings in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX)

Crossmark Global Holdings Inc. raised its holdings in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Free Report) by 29.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,359 shares of the company's stock after buying an additional 5,977 shares during the period. Crossmark Global Holdings Inc.'s holdings in Fomento Economico Mexicano were worth $2,572,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Alpine Bank Wealth Management acquired a new stake in shares of Fomento Economico Mexicano during the 1st quarter worth about $46,000. Banque Transatlantique SA bought a new position in Fomento Economico Mexicano in the fourth quarter valued at approximately $44,000. Parallel Advisors LLC raised its holdings 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 buying an additional 299 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Fomento Economico Mexicano in the 4th quarter valued at approximately $72,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Fomento Economico Mexicano in the first quarter valued at approximately $207,000. Institutional investors and hedge funds own 61.00% of the company's stock.

Wall Street Analyst Weigh In

FMX has been the topic of several analyst reports. UBS Group boosted their price objective on shares of Fomento Economico Mexicano from $112.00 to $115.00 and gave the stock a "neutral" rating in a research note on Thursday. 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. Barclays raised their price objective on 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. Finally, Wall Street Zen lowered shares of Fomento Economico Mexicano from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Fomento Economico Mexicano has an average rating of "Hold" and an average price target of $107.45.

Fomento Economico Mexicano Trading Down 0.7%

Shares of NYSE:FMX traded down $0.70 during trading on Friday, reaching $100.80. 530,844 shares of the company traded hands, compared to its average volume of 598,124. The business's fifty day moving average is $104.13 and its 200-day moving average is $96.87. Fomento Economico Mexicano S.A.B. de C.V. has a 52-week low of $81.08 and a 52-week high of $119.18. The firm has a market capitalization of $36.06 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 3.19 and a beta of 0.65. The company has a current ratio of 1.64, a quick ratio of 1.31 and a debt-to-equity ratio of 0.34.

Fomento Economico Mexicano (NYSE:FMX - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The company reported $0.45 earnings per share 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 firm had revenue of $9.65 billion for the quarter, compared to the consensus estimate of $194.75 billion. As a group, analysts forecast 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 announced 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 is a positive change from Fomento Economico Mexicano's previous -- dividend of $0.73. The ex-dividend date is Thursday, July 17th. This represents a yield of 2%. Fomento Economico Mexicano's payout ratio is 11.41%.

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.