Talaria Asset Management Pty Ltd Has $53.14 Million Stake in Fomento Economico Mexicano S.A.B. de C.V. $FMX

Key Points

• Talaria Asset Management Pty Ltd reduced its stake in Fomento Economico Mexicano by 1.2%, owning 544,558 shares after selling 6,500 shares in the 1st quarter.
• Research analysts reported that Barclays, UBS Group, and Morgan Stanley have made adjustments to their price targets for Fomento Economico Mexicano, with the consensus price target set at $105.16.
• Fomento Economico Mexicano recently announced a dividend of $1.3625 per share, a significant increase from the previous dividend of $0.73, resulting in a *yield of 200.0%*.

Talaria Asset Management Pty Ltd reduced its stake in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Free Report) by 1.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 544,558 shares of the company's stock after selling 6,500 shares during the quarter. Fomento Economico Mexicano comprises approximately 17.7% of Talaria Asset Management Pty Ltd's holdings, making the stock its largest position. Talaria Asset Management Pty Ltd owned about 0.15% of Fomento Economico Mexicano worth $53,138,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. APG Asset Management N.V. grew its holdings in Fomento Economico Mexicano by 23.3% during the 1st quarter. APG Asset Management N.V. now owns 6,354 shares of the company's stock valued at $574,000 after buying an additional 1,200 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Fomento Economico Mexicano by 69.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 785 shares of the company's stock valued at $79,000 after buying an additional 321 shares in the last quarter. Compound Planning Inc. grew its holdings in Fomento Economico Mexicano by 56.7% during the 1st quarter. Compound Planning Inc. now owns 4,387 shares of the company's stock valued at $428,000 after buying an additional 1,587 shares in the last quarter. Capital Fund Management S.A. purchased a new stake in Fomento Economico Mexicano during the 1st quarter valued at approximately $2,944,000. Finally, Groupama Asset Managment purchased a new stake in Fomento Economico Mexicano during the 1st quarter valued at approximately $825,000. 61.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on FMX. Morgan Stanley reaffirmed an "equal weight" rating and set a $97.00 price objective (down from $132.00) on shares of Fomento Economico Mexicano in a report on Tuesday, August 19th. Barclays lowered their target price on Fomento Economico Mexicano from $110.00 to $107.00 and set an "equal weight" rating for the company in a research report on Thursday, July 31st. Finally, UBS Group increased their target price on Fomento Economico Mexicano from $112.00 to $115.00 and gave the company a "neutral" rating in a research report on Thursday, July 10th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $105.16.

Fomento Economico Mexicano Price Performance

Shares of NYSE FMX traded down $1.16 during midday trading on Friday, reaching $86.52. 826,921 shares of the stock traded hands, compared to its average volume of 1,126,521. The stock has a market capitalization of $30.96 billion, a PE ratio of 29.43, a P/E/G ratio of 5.07 and a beta of 0.66. The company's 50 day moving average is $94.46 and its 200 day moving average is $98.31. Fomento Economico Mexicano S.A.B. de C.V. has a one year low of $81.07 and a one year high of $108.74. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.34 and a quick ratio of 1.06.

Fomento Economico Mexicano (NYSE:FMX - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.49). The company had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $216.71 billion. Fomento Economico Mexicano had a return on equity of 5.32% and a net margin of 2.60%. On average, equities research analysts anticipate that Fomento Economico Mexicano S.A.B. de C.V. will post 5.32 earnings per share for the current year.

Fomento Economico Mexicano Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 28th. Investors of record on Thursday, July 17th were given a $1.3625 dividend. This is a boost from Fomento Economico Mexicano's previous quarterly dividend of $0.73. This represents a $5.45 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date was Thursday, July 17th. Fomento Economico Mexicano's dividend payout ratio is 74.83%.

About Fomento Economico 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.