Vise Technologies Inc. Makes New Investment in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Vise Technologies Inc. purchased a new position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,522 shares of the company's stock, valued at approximately $301,000.

Several other institutional investors have also added to or reduced their stakes in the business. Franklin Resources Inc. raised its position in shares of Fomento Económico Mexicano by 4.2% during the 4th quarter. Franklin Resources Inc. now owns 3,117 shares of the company's stock valued at $266,000 after purchasing an additional 125 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Fomento Económico Mexicano by 5.8% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,015 shares of the company's stock valued at $429,000 after purchasing an additional 274 shares during the period. Mather Group LLC. raised its position in shares of Fomento Económico Mexicano by 179.1% during the 4th quarter. Mather Group LLC. now owns 575 shares of the company's stock valued at $49,000 after purchasing an additional 369 shares during the period. NewEdge Advisors LLC raised its position in shares of Fomento Económico Mexicano by 9.7% during the 4th quarter. NewEdge Advisors LLC now owns 4,328 shares of the company's stock valued at $370,000 after purchasing an additional 382 shares during the period. Finally, Summitry LLC raised its position in shares of Fomento Económico Mexicano by 15.3% during the 4th quarter. Summitry LLC now owns 3,305 shares of the company's stock valued at $283,000 after purchasing an additional 438 shares during the period. 61.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. UBS Group raised their price objective on shares of Fomento Económico Mexicano from $107.00 to $112.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Barclays raised their target price on shares of 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 shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a research note on Monday, April 7th. Finally, Wall Street Zen cut shares of 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $106.70.

Fomento Económico Mexicano Price Performance

FMX traded down $1.02 during trading on Friday, hitting $106.42. 493,029 shares of the company traded hands, compared to its average volume of 617,642. The company has a market cap of $38.08 billion, a PE ratio of 27.29, a P/E/G ratio of 5.26 and a beta of 0.69. The stock's 50-day simple moving average is $102.23 and its two-hundred day simple moving average is $93.62. 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. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last issued 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). 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 during the quarter, compared to analysts' expectations of $194.75 billion. As a group, sell-side analysts anticipate that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 earnings per share for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 25th were paid a $1.628 dividend. This is a boost 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 (DPR) is presently 11.41%.

Fomento Económico 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.