GAMMA Investing LLC Has $2.05 Million Stock Holdings in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX)

GAMMA Investing LLC lifted its stake in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Free Report) by 27,873.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,980 shares of the company's stock after purchasing an additional 20,905 shares during the period. GAMMA Investing LLC's holdings in Fomento Economico Mexicano were worth $2,047,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN boosted its holdings in Fomento Economico Mexicano by 17.0% during the fourth quarter. Wells Fargo & Company MN now owns 28,135 shares of the company's stock worth $2,405,000 after buying an additional 4,096 shares during the last quarter. American Century Companies Inc. boosted its stake in Fomento Economico Mexicano by 1.9% during the 4th quarter. American Century Companies Inc. now owns 250,188 shares of the company's stock worth $21,389,000 after acquiring an additional 4,674 shares during the last quarter. Franklin Resources Inc. boosted its stake in Fomento Economico Mexicano by 4.2% during the 4th quarter. Franklin Resources Inc. now owns 3,117 shares of the company's stock worth $266,000 after acquiring an additional 125 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Fomento Economico Mexicano during the fourth quarter valued at approximately $813,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Fomento Economico Mexicano by 77.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 728,253 shares of the company's stock valued at $62,258,000 after purchasing an additional 317,887 shares in the last quarter. 61.00% of the stock is owned by institutional investors and hedge funds.

Fomento Economico Mexicano Stock Down 2.1%

FMX stock traded down $2.22 during trading hours on Tuesday, reaching $102.60. 590,861 shares of the stock were exchanged, compared to its average volume of 607,735. The firm's 50-day moving average is $104.34 and its 200-day moving average is $95.16. Fomento Economico Mexicano S.A.B. de C.V. has a 12 month low of $81.08 and a 12 month high of $119.18. The company has a market cap of $36.71 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 3.69 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.64 and a quick ratio of 1.31.

Fomento Economico Mexicano (NYSE:FMX - Get Free Report) last announced its earnings results on Monday, April 28th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $194.75 billion. On average, equities research analysts expect that Fomento Economico Mexicano S.A.B. de C.V. will post 5.32 earnings per share for the current year.

Fomento Economico 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 paid a $1.628 dividend. This is a positive change from Fomento Economico Mexicano's previous dividend of $0.92. This represents a yield of 1.57%. The ex-dividend date of this dividend was Thursday, April 24th. Fomento Economico Mexicano's payout ratio is presently 11.41%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FMX shares. Barclays boosted their price target on shares of Fomento Economico Mexicano from $102.00 to $108.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Itau BBA Securities upgraded Fomento Economico Mexicano from a "market perform" rating to an "outperform" rating in a report on Monday, April 7th. UBS Group lifted their price objective on Fomento Economico Mexicano from $107.00 to $112.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Finally, Wall Street Zen lowered Fomento Economico Mexicano from a "buy" rating to a "hold" rating in a research 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 stock. Based on data from MarketBeat, Fomento Economico Mexicano presently has a consensus rating of "Hold" and a consensus target price of $106.70.

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.