Russell Investments Group Ltd. Grows Stock Holdings in Fomento Economico Mexicano S.A.B. de C.V. $FMX

Key Points

• Russell Investments Group Ltd. has increased its holdings in Fomento Economico Mexicano S.A.B. de C.V. by 62%, acquiring an additional 27,130 shares during the 1st quarter, bringing their total to 70,891 shares.
• Fomento Economico Mexicano's stock performance shows a 12-month range with a low of $81.07 and a high of $114.13, and its last earnings report revealed a miss in EPS with $0.42 compared to an estimated $0.91.
• The company recently declared a dividend of $1.3625, significantly up from the previous $0.73, marking a 200.0% dividend yield for investors.

Russell Investments Group Ltd. raised its holdings in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Free Report) by 62.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,891 shares of the company's stock after buying an additional 27,130 shares during the period. Russell Investments Group Ltd.'s holdings in Fomento Economico Mexicano were worth $7,071,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Janney Montgomery Scott LLC acquired a new stake in Fomento Economico Mexicano in the 1st quarter valued at about $207,000. Crossmark Global Holdings Inc. increased its stake in shares of Fomento Economico Mexicano by 29.3% during the first quarter. Crossmark Global Holdings Inc. now owns 26,359 shares of the company's stock worth $2,572,000 after buying an additional 5,977 shares during the period. Cerity Partners LLC raised its holdings in Fomento Economico Mexicano by 25.4% in the first quarter. Cerity Partners LLC now owns 13,778 shares of the company's stock valued at $1,344,000 after acquiring an additional 2,795 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Fomento Economico Mexicano by 17.0% in the fourth quarter. Wells Fargo & Company MN now owns 28,135 shares of the company's stock worth $2,405,000 after acquiring an additional 4,096 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Fomento Economico Mexicano by 27,873.3% during the 1st quarter. GAMMA Investing LLC now owns 20,980 shares of the company's stock worth $2,047,000 after acquiring an additional 20,905 shares in the last quarter. 61.00% of the stock is owned by institutional investors and hedge funds.

Fomento Economico Mexicano Stock Performance

Shares of Fomento Economico Mexicano stock traded down $0.7530 on Monday, hitting $88.1270. The stock had a trading volume of 467,225 shares, compared to its average volume of 1,305,693. The stock has a market cap of $31.53 billion, a price-to-earnings ratio of 29.98, a P/E/G ratio of 5.20 and a beta of 0.66. The company has a current ratio of 1.34, a quick ratio of 1.06 and a debt-to-equity ratio of 0.42. Fomento Economico Mexicano S.A.B. de C.V. has a 52-week low of $81.07 and a 52-week high of $108.74. The company's 50 day moving average price is $95.63 and its 200 day moving average price is $98.41.

Fomento Economico Mexicano (NYSE:FMX - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.49). Fomento Economico Mexicano had a return on equity of 5.32% and a net margin of 2.60%.The firm had revenue of $11.27 billion for the quarter, compared to analysts' expectations of $216.71 billion. On average, research analysts anticipate 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 was paid on Monday, July 28th. Investors of record on Thursday, July 17th were given a $1.3625 dividend. This is a positive change from Fomento Economico Mexicano's previous -- dividend of $0.73. The ex-dividend date was Thursday, July 17th. This represents a yield of 200.0%. Fomento Economico Mexicano's payout ratio is currently 74.83%.

Analysts Set New Price Targets

FMX has been the topic of a number of analyst reports. Morgan Stanley restated an "equal weight" rating and issued a $97.00 price objective (down from $132.00) on shares of Fomento Economico Mexicano in a report on Tuesday, August 19th. Wall Street Zen lowered Fomento Economico Mexicano from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th. Barclays decreased their price target on Fomento Economico Mexicano from $110.00 to $107.00 and set an "equal weight" rating for the company in a report on Thursday, July 31st. Finally, UBS Group upped their price objective on Fomento Economico Mexicano from $112.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday, July 10th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $105.16.

Fomento Economico 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.