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

Quantinno Capital Management LP bought 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 Form 13F filing with the Securities and Exchange Commission. The firm bought 2,550 shares of the company's stock, valued at approximately $218,000.

Several other hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN raised its holdings in shares of Fomento Económico Mexicano by 17.0% in the 4th quarter. Wells Fargo & Company MN now owns 28,135 shares of the company's stock worth $2,405,000 after purchasing an additional 4,096 shares during the period. American Century Companies Inc. grew its position in shares of Fomento Económico Mexicano by 1.9% during the 4th quarter. American Century Companies Inc. now owns 250,188 shares of the company's stock valued at $21,389,000 after purchasing an additional 4,674 shares in the last quarter. Franklin Resources Inc. grew its position 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 valued at $266,000 after purchasing an additional 125 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Fomento Económico Mexicano during the 4th quarter valued at $813,000. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Fomento Económico Mexicano by 77.5% during the 4th 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. Institutional investors own 61.00% of the company's stock.

Analyst Upgrades and Downgrades

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

Fomento Económico Mexicano Trading Up 0.6%

NYSE FMX traded up $0.61 during trading on Thursday, hitting $107.46. 433,692 shares of the company's stock traded hands, compared to its average volume of 618,141. The stock has a fifty day moving average of $102.01 and a two-hundred day moving average of $93.54. 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, S.A.B. de C.V. has a 12-month low of $81.08 and a 12-month high of $119.18. The firm has a market cap of $38.45 billion, a P/E ratio of 27.55, a PEG ratio of 5.26 and a beta of 0.69.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.07). The business had revenue of $9.65 billion for the quarter, compared to analysts' expectations of $194.75 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. As a group, sell-side analysts expect 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 company also recently disclosed a dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 25th were paid a dividend of $1.628 per share. This represents a dividend yield of 1.57%. This is an increase from Fomento Económico Mexicano's previous dividend of $0.92. The ex-dividend date was Thursday, April 24th. Fomento Económico Mexicano's dividend payout ratio is 11.41%.

About Fomento Económico 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.