Nomura Holdings Inc. Buys Shares of 13,838 Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Nomura Holdings Inc. acquired a new position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,838 shares of the company's stock, valued at approximately $1,183,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Park Avenue Securities LLC bought a new position in shares of Fomento Económico Mexicano during the 4th quarter worth about $225,000. Wells Fargo & Company MN increased its stake in Fomento Económico Mexicano by 17.0% in the fourth quarter. Wells Fargo & Company MN now owns 28,135 shares of the company's stock valued at $2,405,000 after acquiring an additional 4,096 shares during the period. Sarasin & Partners LLP increased its stake in Fomento Económico Mexicano by 33.3% in the fourth quarter. Sarasin & Partners LLP now owns 20,000 shares of the company's stock valued at $1,710,000 after acquiring an additional 5,000 shares during the period. Assenagon Asset Management S.A. increased its stake in Fomento Económico Mexicano by 141.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 135,003 shares of the company's stock valued at $11,541,000 after acquiring an additional 79,181 shares during the period. Finally, American Century Companies Inc. increased its stake in Fomento Económico Mexicano by 1.9% in the fourth quarter. American Century Companies Inc. now owns 250,188 shares of the company's stock valued at $21,389,000 after acquiring an additional 4,674 shares during the period. Institutional investors own 61.00% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on FMX shares. Barclays upped their target price on shares of Fomento Económico Mexicano from $102.00 to $108.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Wall Street Zen cut shares of Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. The Goldman Sachs Group lowered their target price on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. Itau BBA Securities raised shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a research note on Monday, April 7th. Finally, UBS Group upped their target price on shares of Fomento Económico Mexicano from $107.00 to $112.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $106.70.

Fomento Económico Mexicano Price Performance

FMX traded up $0.85 during trading on Friday, hitting $106.71. The company's stock had a trading volume of 450,402 shares, compared to its average volume of 618,335. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $38.18 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 5.26 and a beta of 0.69. The firm's 50 day moving average price is $101.50 and its two-hundred day moving average price is $93.31. Fomento Económico Mexicano, S.A.B. de C.V. has a 12 month low of $81.08 and a 12 month high of $119.18.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last released its quarterly 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). The business had revenue of $9.65 billion during the quarter, compared to the consensus estimate of $194.75 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. Sell-side analysts forecast that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 earnings per share for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The business also recently announced a dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 25th were paid a $1.628 dividend. The ex-dividend date was Thursday, April 24th. This is an increase from Fomento Económico Mexicano's previous dividend of $0.92. This represents a dividend yield of 1.57%. Fomento Económico Mexicano's payout ratio is currently 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.