Robeco Institutional Asset Management B.V. Purchases 178,460 Shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX)

Robeco Institutional Asset Management B.V. boosted its stake in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Free Report) by 27.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 833,238 shares of the company's stock after buying 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FMX. Fielder Capital Group LLC lifted its holdings in Fomento Economico Mexicano by 40.7% in the fourth quarter. Fielder Capital Group LLC now owns 3,168 shares of the company's stock worth $271,000 after buying an additional 917 shares during the period. Assetmark Inc. lifted its holdings in Fomento Economico Mexicano by 3,079.5% in the fourth quarter. Assetmark Inc. now owns 4,038 shares of the company's stock worth $345,000 after buying an additional 3,911 shares during the period. Aigen Investment Management LP lifted its holdings in Fomento Economico Mexicano by 20.2% in the fourth quarter. Aigen Investment Management LP now owns 20,199 shares of the company's stock worth $1,727,000 after buying an additional 3,399 shares during the period. Raymond James Financial Inc. purchased a new stake in Fomento Economico Mexicano in the fourth quarter worth about $813,000. Finally, Callan Family Office LLC purchased a new stake in Fomento Economico Mexicano in the fourth quarter worth about $372,000. 61.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Fomento Economico Mexicano Stock Up 0.9%

Shares of FMX traded up $0.94 on Monday, hitting $102.93. 509,234 shares of the stock traded hands, compared to its average volume of 603,807. The company has a market capitalization of $36.83 billion, a PE ratio of 23.03, a P/E/G ratio of 3.59 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.31 and a current ratio of 1.64. The business has a 50 day simple moving average of $104.32 and a 200 day simple moving average of $95.94. Fomento Economico Mexicano S.A.B. de C.V. has a one year low of $81.08 and a one year high of $119.18.

Fomento Economico Mexicano (NYSE:FMX - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $9.65 billion for the quarter, compared to the consensus estimate of $194.75 billion. Fomento Economico Mexicano had a net margin of 3.98% and a return on equity of 7.86%. 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 fiscal year.

Fomento Economico Mexicano Increases Dividend

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

Fomento Economico 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.