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

Vise Technologies Inc. bought 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 SEC. The institutional investor bought 3,522 shares of the company's stock, valued at approximately $301,000.

Several other institutional investors and hedge funds have also bought and sold shares of FMX. Franklin Resources Inc. grew its holdings 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 last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake 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 in the last quarter. Mather Group LLC. boosted its stake 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 in the last quarter. NewEdge Advisors LLC lifted its position in 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 acquiring an additional 382 shares during the period. Finally, Summitry LLC lifted its position in 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 acquiring an additional 438 shares during the period. 61.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on FMX shares. Itau BBA Securities raised shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a report on Monday, April 7th. UBS Group boosted their target price 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 boosted 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 report on Monday, May 12th. Finally, Wall Street Zen lowered shares of Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $106.70.

Fomento Económico Mexicano Stock Performance

FMX stock traded down $1.02 during trading on Friday, reaching $106.42. The company had a trading volume of 493,029 shares, compared to its average volume of 618,213. The firm has a 50-day simple moving average of $102.41 and a 200-day simple moving average of $93.74. The company has a market cap of $38.08 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 5.26 and a beta of 0.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.62. Fomento Económico Mexicano, S.A.B. de C.V. has a twelve month low of $81.08 and a twelve month high of $119.18.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.07). Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. The business had revenue of $9.65 billion for the quarter, compared to analyst estimates of $194.75 billion. As a group, sell-side analysts expect 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 business also recently declared a dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 25th were issued a $1.628 dividend. This represents a yield of 1.57%. The ex-dividend date of this dividend was Thursday, April 24th. This is a positive change from Fomento Económico Mexicano's previous dividend of $0.92. Fomento Económico Mexicano's payout ratio is presently 11.41%.

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.