Talaria Asset Management Pty Ltd Purchases New Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Talaria Asset Management Pty Ltd purchased a new stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 551,058 shares of the company's stock, valued at approximately $47,110,000. Fomento Económico Mexicano makes up about 12.1% of Talaria Asset Management Pty Ltd's portfolio, making the stock its 3rd largest position. Talaria Asset Management Pty Ltd owned about 0.15% of Fomento Económico Mexicano at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Park Avenue Securities LLC acquired a new position in shares of Fomento Económico Mexicano during the fourth quarter worth $225,000. Wells Fargo & Company MN raised its position in Fomento Económico Mexicano by 17.0% during the 4th quarter. Wells Fargo & Company MN now owns 28,135 shares of the company's stock worth $2,405,000 after buying an additional 4,096 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Fomento Económico Mexicano by 1.9% in the 4th 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 last quarter. Atomi Financial Group Inc. raised its stake in shares of Fomento Económico Mexicano by 13.5% during the 4th quarter. Atomi Financial Group Inc. now owns 2,800 shares of the company's stock valued at $239,000 after buying an additional 334 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Fomento Económico Mexicano by 4.2% in the fourth 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. Institutional investors own 61.00% of the company's stock.

Fomento Económico Mexicano Trading Up 0.6%

FMX stock traded up $0.61 during midday trading on Thursday, hitting $107.46. 433,692 shares of the company's stock were exchanged, compared to its average volume of 618,141. The business has a 50-day simple moving average of $102.01 and a two-hundred day simple moving average of $93.54. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $38.45 billion, a PE ratio of 27.55, 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.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last posted its 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). Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. The business had revenue of $9.65 billion for the quarter, compared to analyst estimates of $194.75 billion. On average, sell-side analysts predict that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 EPS for the current fiscal 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 $1.628 dividend. The ex-dividend date of this dividend was Thursday, April 24th. This is a boost 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 presently 11.41%.

Analyst Upgrades and Downgrades

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

Fomento Económico 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.