Marshall Wace LLP Trims Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Marshall Wace LLP lowered its holdings in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 22.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,851 shares of the company's stock after selling 61,747 shares during the period. Marshall Wace LLP owned approximately 0.06% of Fomento Económico Mexicano worth $18,026,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brooklyn Investment Group grew its position in Fomento Económico Mexicano by 82.8% during the 4th quarter. Brooklyn Investment Group now owns 340 shares of the company's stock valued at $29,000 after purchasing an additional 154 shares during the last quarter. Mather Group LLC. lifted its stake in shares of Fomento Económico Mexicano by 179.1% in the fourth quarter. Mather Group LLC. now owns 575 shares of the company's stock worth $49,000 after buying an additional 369 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Fomento Económico Mexicano during the fourth quarter valued at approximately $51,000. Rosenberg Matthew Hamilton increased its position in shares of Fomento Económico Mexicano by 30.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock valued at $65,000 after acquiring an additional 176 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Fomento Económico Mexicano by 29.7% in the 4th quarter. UMB Bank n.a. now owns 887 shares of the company's stock worth $76,000 after acquiring an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 61.00% of the company's stock.

Wall Street Analyst Weigh In

FMX has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their target price on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating for the company in a report on Tuesday, January 28th. UBS Group boosted their target price on Fomento Económico Mexicano from $94.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, March 14th. Barclays raised their price target on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an "equal weight" rating in a report on Tuesday, March 4th. Finally, 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $103.95.

Fomento Económico Mexicano Stock Performance

Shares of NYSE:FMX traded up $0.72 during trading on Friday, hitting $106.63. The company's stock had a trading volume of 663,600 shares, compared to its average volume of 626,147. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32. The firm has a market cap of $38.15 billion, a price-to-earnings ratio of 27.34, a P/E/G ratio of 5.26 and a beta of 0.68. The company has a 50-day moving average of $97.77 and a 200-day moving average of $92.46. Fomento Económico Mexicano, S.A.B. de C.V. has a 12 month low of $81.08 and a 12 month high of $123.09.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.51 by ($1.05). Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. The business had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $201.67 billion. On average, 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 disclosed a dividend, which will be paid on Monday, May 5th. Stockholders of record on Friday, April 25th will be paid a $1.628 dividend. The ex-dividend date is Thursday, April 24th. This represents a dividend yield of 1.57%. This is an increase from Fomento Económico Mexicano's previous dividend of $0.92. Fomento Económico Mexicano's dividend payout ratio (DPR) is 11.75%.

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.