Quantinno Capital Management LP Purchases Shares of 2,550 Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Quantinno Capital Management LP bought a new stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,550 shares of the company's stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. increased its holdings in shares of Fomento Económico 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 buying an additional 125 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Fomento Económico Mexicano by 5.8% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,015 shares of the company's stock valued at $429,000 after acquiring an additional 274 shares during the last quarter. Mather Group LLC. lifted its holdings in Fomento Económico Mexicano by 179.1% during the 4th quarter. Mather Group LLC. now owns 575 shares of the company's stock worth $49,000 after buying an additional 369 shares during the last quarter. NewEdge Advisors LLC increased its stake in Fomento Económico Mexicano by 9.7% during the fourth quarter. NewEdge Advisors LLC now owns 4,328 shares of the company's stock valued at $370,000 after purchasing an additional 382 shares during the last quarter. Finally, Summitry LLC grew its position in shares of Fomento Económico Mexicano by 15.3% during the 4th quarter. Summitry LLC now owns 3,305 shares of the company's stock valued at $283,000 after buying an additional 438 shares during the last quarter. 61.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on FMX. Itau BBA Securities upgraded shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a research note on Monday, April 7th. UBS Group boosted their price objective on Fomento Económico Mexicano from $107.00 to $112.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Barclays raised their price target on shares of Fomento Económico Mexicano from $102.00 to $108.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Finally, Wall Street Zen downgraded shares of Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Fomento Económico Mexicano currently has a consensus rating of "Hold" and a consensus price target of $106.70.

Fomento Económico Mexicano Trading Down 0.9%

Shares of FMX stock traded down $1.02 during trading hours on Friday, reaching $106.42. The company had a trading volume of 493,029 shares, compared to its average volume of 618,213. The firm has a market cap of $38.08 billion, a price-to-earnings ratio of 27.29, a P/E/G ratio of 5.26 and a beta of 0.69. Fomento Económico Mexicano, S.A.B. de C.V. has a 1-year low of $81.08 and a 1-year high of $119.18. The company has a 50 day moving average of $102.41 and a 200 day moving average of $93.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last announced its earnings results on Monday, April 28th. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07). The company had revenue of $9.65 billion during the quarter, compared to analyst estimates of $194.75 billion. Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. On average, equities research analysts anticipate that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 EPS for the current year.

Fomento Económico Mexicano Increases Dividend

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