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

Talaria Asset Management Pty Ltd acquired a new position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 investment portfolio, making the stock its 3rd biggest position. Talaria Asset Management Pty Ltd owned about 0.15% of Fomento Económico Mexicano as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Park Avenue Securities LLC acquired a new position in Fomento Económico Mexicano in the fourth quarter worth $225,000. Wells Fargo & Company MN lifted its stake in shares of Fomento Económico Mexicano by 17.0% during the fourth quarter. Wells Fargo & Company MN now owns 28,135 shares of the company's stock valued at $2,405,000 after acquiring an additional 4,096 shares during the period. American Century Companies Inc. lifted its stake in shares of Fomento Económico Mexicano by 1.9% during the fourth 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 period. Atomi Financial Group Inc. lifted its stake in shares of Fomento Económico Mexicano by 13.5% during the fourth quarter. Atomi Financial Group Inc. now owns 2,800 shares of the company's stock valued at $239,000 after acquiring an additional 334 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Fomento Económico Mexicano by 4.2% during the fourth quarter. Franklin Resources Inc. now owns 3,117 shares of the company's stock valued at $266,000 after acquiring an additional 125 shares during the period. Institutional investors and hedge funds own 61.00% of the company's stock.

Analysts Set New Price Targets

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

Fomento Económico Mexicano Trading Down 0.9%

NYSE FMX traded down $1.02 on Friday, reaching $106.42. The company had a trading volume of 493,029 shares, compared to its average volume of 617,795. The stock's 50 day moving average is $102.41 and its 200-day moving average is $93.71. The stock has a market cap of $38.08 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 5.26 and a beta of 0.69. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.37. Fomento Económico Mexicano, S.A.B. de C.V. has a 52 week low of $81.08 and a 52 week high of $119.18.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported $0.45 EPS 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 the consensus estimate of $194.75 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. Equities analysts predict that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 earnings per share for the current year.

Fomento Económico Mexicano Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 25th were issued a $1.628 dividend. This is an increase from Fomento Económico Mexicano's previous dividend of $0.92. This represents a dividend yield of 1.57%. The ex-dividend date of this dividend 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.