Fairtree Asset Management Pty Ltd Takes $223,000 Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Fairtree Asset Management Pty Ltd purchased a new position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,603 shares of the company's stock, valued at approximately $223,000.

Several other large investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in Fomento Económico Mexicano by 78.2% during the third quarter. Barclays PLC now owns 72,159 shares of the company's stock worth $7,123,000 after purchasing an additional 31,656 shares during the period. SG Americas Securities LLC lifted its stake in shares of Fomento Económico Mexicano by 52.8% during the 4th quarter. SG Americas Securities LLC now owns 3,992 shares of the company's stock valued at $341,000 after buying an additional 1,379 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in Fomento Económico Mexicano in the 4th quarter worth approximately $51,000. Blue Trust Inc. grew its stake in Fomento Económico Mexicano by 14.1% in the 4th quarter. Blue Trust Inc. now owns 7,686 shares of the company's stock valued at $657,000 after buying an additional 948 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Fomento Económico Mexicano in the 4th quarter valued at approximately $118,000. Hedge funds and other institutional investors own 61.00% of the company's stock.

Fomento Económico Mexicano Price Performance

NYSE FMX traded down $1.02 during trading on Friday, reaching $106.42. The company's stock had a trading volume of 493,029 shares, compared to its average volume of 618,213. The firm has a fifty day moving average of $102.41 and a 200 day moving average of $93.72. 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 P/E/G ratio of 5.26 and a beta of 0.69. 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 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 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 the consensus estimate of $194.75 billion. Analysts expect that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 EPS for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

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

Analysts Set New Price Targets

FMX has been the topic of a number of analyst reports. Barclays boosted their price objective on Fomento Económico Mexicano from $102.00 to $108.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Itau BBA Securities raised shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a report on Monday, April 7th. Wall Street Zen lowered shares of Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, UBS Group upped their target price 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. Four 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, Fomento Económico Mexicano presently has a consensus rating of "Hold" and an average price target of $106.70.

Fomento Económico 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.