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

Public Employees Retirement System of Ohio increased its position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 213,843 shares of the company's stock after purchasing an additional 12,689 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.06% of Fomento Económico Mexicano worth $18,281,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Banque Transatlantique SA bought a new position in shares of Fomento Económico Mexicano during the 4th quarter worth approximately $44,000. Mather Group LLC. increased its position 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 valued at $49,000 after acquiring an additional 369 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in Fomento Económico Mexicano during the fourth quarter worth $51,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Fomento Económico Mexicano during the fourth quarter worth $72,000. Finally, UMB Bank n.a. boosted its position in Fomento Económico Mexicano by 29.7% in the fourth quarter. UMB Bank n.a. now owns 887 shares of the company's stock worth $76,000 after purchasing an additional 203 shares during the last quarter. 61.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FMX has been the subject of several research analyst reports. Barclays raised their target price 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 lifted their price objective on shares of Fomento Económico Mexicano from $107.00 to $112.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Wall Street Zen downgraded shares of Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th. 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. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $106.70.

Fomento Económico Mexicano Price Performance

NYSE:FMX traded down $0.55 during midday trading on Friday, hitting $106.89. 161,521 shares of the stock were exchanged, compared to its average volume of 616,363. The company has a market capitalization of $38.24 billion, a price-to-earnings ratio of 27.41, a P/E/G ratio of 5.26 and a beta of 0.69. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37. 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 business has a 50-day moving average price of $102.23 and a two-hundred day moving average price of $93.62.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last announced 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 net margin of 3.22% and a return on equity of 8.37%. The firm had revenue of $9.65 billion during the quarter, compared to analyst estimates of $194.75 billion. Sell-side analysts predict 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 declared a dividend, which was paid on Monday, May 5th. Shareholders 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 of this dividend was Thursday, April 24th. Fomento Económico Mexicano's dividend payout ratio is presently 11.41%.

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.