Northern Trust Corp Grows Stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Northern Trust Corp grew its position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 53.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 441,588 shares of the company's stock after acquiring an additional 154,433 shares during the quarter. Northern Trust Corp owned 0.12% of Fomento Económico Mexicano worth $37,751,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. increased 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 worth $266,000 after purchasing an additional 125 shares in the last quarter. Brooklyn Investment Group boosted its holdings in shares of Fomento Económico Mexicano by 82.8% in the 4th quarter. Brooklyn Investment Group now owns 340 shares of the company's stock worth $29,000 after acquiring an additional 154 shares in the last quarter. Rosenberg Matthew Hamilton grew its position in Fomento Económico Mexicano by 30.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock worth $65,000 after acquiring an additional 176 shares during the last quarter. UMB Bank n.a. increased its holdings in Fomento Económico Mexicano by 29.7% during the 4th quarter. UMB Bank n.a. now owns 887 shares of the company's stock valued at $76,000 after purchasing an additional 203 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in Fomento Económico Mexicano by 5.8% in 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 last quarter. Institutional investors and hedge funds own 61.00% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. StockNews.com lowered Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. The Goldman Sachs Group cut their target price on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. Barclays boosted their price target on shares of Fomento Económico Mexicano from $102.00 to $108.00 and gave the company an "equal weight" rating in a report on Monday. UBS Group raised their target price on shares of Fomento Económico Mexicano from $107.00 to $112.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, Itau BBA Securities upgraded Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a report on Monday, April 7th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $106.70.

Fomento Económico Mexicano Trading Up 0.1%

Shares of Fomento Económico Mexicano stock traded up $0.12 on Thursday, hitting $102.66. The stock had a trading volume of 109,504 shares, compared to its average volume of 580,578. The stock has a 50 day moving average of $100.45 and a 200 day moving average of $92.91. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.62. The firm has a market capitalization of $36.73 billion, a P/E ratio of 26.32, a PEG ratio of 5.26 and a beta of 0.69. Fomento Económico Mexicano, S.A.B. de C.V. has a twelve month low of $81.07 and a twelve month high of $121.43.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07). The company had revenue of $9.65 billion for the quarter, compared to analyst estimates of $194.75 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. Sell-side analysts expect 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 company also recently disclosed a dividend, which was paid on Monday, May 5th. Investors 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 yield of 1.57%. The ex-dividend date was Thursday, April 24th. Fomento Económico Mexicano's payout ratio is currently 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.