Natixis Advisors LLC Has $5.88 Million Stock Holdings in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX)

Key Points

• Natixis Advisors LLC increased its stake in Fomento Economico Mexicano by 17.3%, acquiring an additional 8,866 shares, bringing its total holdings to 60,214 shares valued at approximately $5.88 million.
• Fomento Economico Mexicano recently declared an increased dividend of $1.3625, significantly up from its prior dividend of $0.73, resulting in a remarkable 200% dividend yield.
• The company's recent earnings report showed a significant miss in expected earnings per share (EPS) at $0.42, compared to the consensus estimate of $0.91, with a revenue of $11.27 billion.

Natixis Advisors LLC increased its holdings in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Free Report) by 17.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,214 shares of the company's stock after purchasing an additional 8,866 shares during the period. Natixis Advisors LLC's holdings in Fomento Economico Mexicano were worth $5,876,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Banque Transatlantique SA acquired a new stake in Fomento Economico Mexicano in the 4th quarter worth approximately $44,000. Alpine Bank Wealth Management acquired a new stake in shares of Fomento Economico Mexicano in the first quarter worth $46,000. Banque Cantonale Vaudoise acquired a new position in Fomento Economico Mexicano in the 1st quarter valued at $51,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Fomento Economico Mexicano in the 4th quarter worth $72,000. Finally, Parallel Advisors LLC boosted its holdings in Fomento Economico Mexicano by 56.2% during the first quarter. Parallel Advisors LLC now owns 831 shares of the company's stock valued at $81,000 after acquiring an additional 299 shares during the period. 61.00% of the stock is currently owned by institutional investors.

Fomento Economico Mexicano Stock Performance

FMX traded up $0.07 during trading on Thursday, reaching $88.25. 1,725,825 shares of the company's stock were exchanged, compared to its average volume of 862,638. The company has a market capitalization of $31.57 billion, a P/E ratio of 32.66, a PEG ratio of 4.16 and a beta of 0.66. The company has a quick ratio of 1.06, a current ratio of 1.34 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average price of $100.71 and a 200 day moving average price of $98.17. Fomento Economico Mexicano S.A.B. de C.V. has a fifty-two week low of $81.07 and a fifty-two week high of $114.33.

Fomento Economico Mexicano (NYSE:FMX - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.91 by ($0.49). The business had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $216.71 billion. Fomento Economico Mexicano had a net margin of 2.60% and a return on equity of 5.32%. As a group, analysts predict that Fomento Economico Mexicano S.A.B. de C.V. will post 5.32 earnings per share for the current fiscal year.

Fomento Economico Mexicano Increases Dividend

The firm also recently announced a -- dividend, which was paid on Monday, July 28th. Stockholders of record on Thursday, July 17th were paid a $1.3625 dividend. This represents a dividend yield of 200.0%. This is a boost from Fomento Economico Mexicano's previous -- dividend of $0.73. The ex-dividend date was Thursday, July 17th. Fomento Economico Mexicano's dividend payout ratio is 74.83%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FMX shares. Barclays reduced their price objective on Fomento Economico Mexicano from $110.00 to $107.00 and set an "equal weight" rating for the company in a research report on Thursday, July 31st. UBS Group boosted their price objective on shares of Fomento Economico Mexicano from $112.00 to $115.00 and gave the stock a "neutral" rating in a report on Thursday, July 10th. Finally, Wall Street Zen lowered shares of Fomento Economico Mexicano from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $107.20.

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.