Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Shares Acquired by Employees Retirement System of Texas

Employees Retirement System of Texas boosted its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 486,584 shares of the company's stock after purchasing an additional 15,488 shares during the period. Employees Retirement System of Texas owned about 0.14% of Fomento Económico Mexicano worth $41,598,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Franklin Resources Inc. grew its holdings in Fomento Económico Mexicano by 4.2% during the 4th quarter. Franklin Resources Inc. now owns 3,117 shares of the company's stock valued at $266,000 after buying an additional 125 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in Fomento Económico Mexicano by 5.8% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,015 shares of the company's stock worth $429,000 after acquiring an additional 274 shares in the last quarter. Atomi Financial Group Inc. increased its position in shares of Fomento Económico Mexicano by 13.5% during the 4th quarter. Atomi Financial Group Inc. now owns 2,800 shares of the company's stock valued at $239,000 after purchasing an additional 334 shares during the last quarter. Mather Group LLC. raised its stake in shares of Fomento Económico Mexicano by 179.1% during the fourth quarter. Mather Group LLC. now owns 575 shares of the company's stock worth $49,000 after acquiring an additional 369 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Fomento Económico Mexicano by 9.7% in the fourth quarter. NewEdge Advisors LLC now owns 4,328 shares of the company's stock worth $370,000 after purchasing an additional 382 shares during the last quarter. Hedge funds and other institutional investors own 61.00% of the company's stock.

Fomento Económico Mexicano Trading Down 0.9%

FMX stock traded down $1.02 during mid-day trading on Friday, reaching $106.42. 493,029 shares of the stock traded hands, compared to its average volume of 617,795. Fomento Económico Mexicano, S.A.B. de C.V. has a one year low of $81.08 and a one year high of $119.18. The stock has a market capitalization of $38.08 billion, a PE ratio of 27.29, a PEG ratio of 5.26 and a beta of 0.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.62. The business has a 50-day moving average price of $102.41 and a two-hundred day moving average price of $93.71.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last posted its quarterly 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 return on equity of 8.37% and a net margin of 3.22%. The company had revenue of $9.65 billion during the quarter, compared to analysts' expectations of $194.75 billion. Equities research analysts expect that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 EPS for the current year.

Fomento Económico Mexicano Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 25th were issued a dividend of $1.628 per share. This represents a yield of 1.57%. This is a positive change from Fomento Económico Mexicano's previous dividend of $0.92. The ex-dividend date of this dividend was Thursday, April 24th. Fomento Económico Mexicano's dividend payout ratio (DPR) is presently 11.41%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th. Barclays lifted their price target on Fomento Económico Mexicano from $102.00 to $108.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. UBS Group upped their price objective on shares of Fomento Económico Mexicano from $107.00 to $112.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Finally, Itau BBA Securities upgraded shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a research note on Monday, April 7th. Four equities research 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.com, Fomento Económico Mexicano presently 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.