Robeco Institutional Asset Management B.V. Grows Stock Position in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX)

Robeco Institutional Asset Management B.V. raised its holdings in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Free Report) by 27.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 833,238 shares of the company's stock after purchasing an additional 178,460 shares during the period. Robeco Institutional Asset Management B.V. owned 0.23% of Fomento Economico Mexicano worth $81,307,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Banque Transatlantique SA purchased a new stake in shares of Fomento Economico Mexicano in the 4th quarter worth approximately $44,000. Alpine Bank Wealth Management bought a new stake in Fomento Economico Mexicano in the first quarter worth $46,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Fomento Economico Mexicano in the fourth quarter worth $72,000. Parallel Advisors LLC increased its holdings in shares of 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 in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of Fomento Economico Mexicano during the first quarter valued at $207,000. 61.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Fomento Economico Mexicano Stock Performance

FMX traded up $0.53 during midday trading on Friday, hitting $102.11. 384,852 shares of the company traded hands, compared to its average volume of 603,079. The company's 50-day moving average is $104.43 and its 200 day moving average is $95.66. The company has a quick ratio of 1.31, a current ratio of 1.64 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $36.54 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 3.55 and a beta of 0.67. Fomento Economico Mexicano S.A.B. de C.V. has a 52 week low of $81.08 and a 52 week high of $119.18.

Fomento Economico Mexicano (NYSE:FMX - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.07). Fomento Economico Mexicano had a net margin of 3.98% and a return on equity of 7.86%. The company had revenue of $9.65 billion for the quarter, compared to analysts' expectations of $194.75 billion. On average, research analysts expect that Fomento Economico Mexicano S.A.B. de C.V. will post 5.32 EPS for the current year.

Fomento Economico Mexicano Increases Dividend

The company also recently declared a dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 25th were issued a dividend of $1.628 per share. This represents a dividend yield of 1.57%. This is a boost from Fomento Economico Mexicano's previous dividend of $0.92. The ex-dividend date was Thursday, April 24th. Fomento Economico Mexicano's dividend payout ratio is presently 11.41%.

Fomento Economico Mexicano 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.