Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) Stake Lifted by Natixis Advisors LLC

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 boosted its holdings in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Free Report) by 17.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,214 shares of the company's stock after acquiring 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.

A number of other institutional investors have also modified their holdings of FMX. Alpine Bank Wealth Management acquired a new position in Fomento Economico Mexicano during the first quarter worth approximately $46,000. Banque Transatlantique SA acquired a new position in Fomento Economico Mexicano during the fourth quarter worth approximately $44,000. Banque Cantonale Vaudoise acquired a new position in Fomento Economico Mexicano during the first quarter worth approximately $51,000. Parallel Advisors LLC increased its position in Fomento Economico Mexicano by 56.2% during the first quarter. Parallel Advisors LLC now owns 831 shares of the company's stock worth $81,000 after purchasing an additional 299 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Fomento Economico Mexicano during the fourth quarter worth approximately $72,000. Institutional investors and hedge funds own 61.00% of the company's stock.

Fomento Economico Mexicano Stock Performance

Shares of FMX stock traded down $1.42 during trading hours on Friday, reaching $86.81. The stock had a trading volume of 1,261,902 shares, compared to its average volume of 916,128. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.34 and a quick ratio of 1.06. Fomento Economico Mexicano S.A.B. de C.V. has a twelve month low of $81.07 and a twelve month high of $114.33. The firm has a 50-day simple moving average of $99.94 and a 200-day simple moving average of $98.22. The firm has a market capitalization of $31.06 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 4.16 and a beta of 0.66.

Fomento Economico Mexicano (NYSE:FMX - Get Free Report) last released its quarterly earnings data 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). 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 during the quarter, compared to analyst estimates of $216.71 billion. As a group, equities analysts forecast 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 company also recently disclosed a -- dividend, which was paid on Monday, July 28th. Investors of record on Thursday, July 17th were issued a $1.3625 dividend. This is a boost from Fomento Economico Mexicano's previous -- dividend of $0.73. The ex-dividend date of this dividend was Thursday, July 17th. This represents a dividend yield of 200.0%. Fomento Economico Mexicano's dividend payout ratio is 74.83%.

Wall Street Analyst Weigh In

Several brokerages recently commented on FMX. UBS Group upped their price target on shares of Fomento Economico Mexicano from $112.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday, July 10th. Barclays reduced their price objective on shares of Fomento Economico Mexicano from $110.00 to $107.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 31st. Finally, Wall Street Zen downgraded shares of Fomento Economico Mexicano from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $107.20.

About Fomento Economico Mexicano

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.