Price T Rowe Associates Inc. MD Acquires 64,914 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Price T Rowe Associates Inc. MD grew its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 957,967 shares of the company's stock after acquiring an additional 64,914 shares during the period. Price T Rowe Associates Inc. MD owned about 0.27% of Fomento Económico Mexicano worth $81,898,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Franklin Resources Inc. lifted its holdings in Fomento Económico Mexicano by 4.2% in 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 lifted its holdings in shares of Fomento Económico Mexicano by 82.8% in the fourth quarter. Brooklyn Investment Group now owns 340 shares of the company's stock worth $29,000 after buying an additional 154 shares in the last quarter. Rosenberg Matthew Hamilton boosted 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 worth $65,000 after acquiring an additional 176 shares during the last quarter. UMB Bank n.a. grew its stake in Fomento Económico Mexicano by 29.7% during the fourth quarter. UMB Bank n.a. now owns 887 shares of the company's stock valued at $76,000 after acquiring an additional 203 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings 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 acquiring an additional 274 shares during the last quarter. Institutional investors own 61.00% of the company's stock.

Fomento Económico Mexicano Trading Down 0.9 %

Shares of NYSE FMX traded down $0.89 during trading hours on Friday, hitting $101.26. 405,398 shares of the company traded hands, compared to its average volume of 625,733. The company's 50 day moving average price is $99.20 and its 200 day moving average price is $92.61. 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. The stock has a market capitalization of $36.23 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 5.26 and a beta of 0.68. 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 posted its quarterly earnings data on Monday, April 28th. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07). The firm had revenue of $9.65 billion for the quarter, compared to the consensus estimate of $194.75 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. On average, equities research 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 company also recently disclosed a dividend, which will be paid on Monday, May 5th. Shareholders of record on Friday, April 25th will be paid a $1.628 dividend. The ex-dividend date of this dividend is Thursday, April 24th. This represents a 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 presently 10.96%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FMX. Itau BBA Securities upgraded Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a research report on Monday, April 7th. StockNews.com downgraded Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a research note on Wednesday. Barclays upped their price objective on Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. UBS Group boosted their price target on shares of Fomento Económico Mexicano from $94.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, March 14th. Finally, The Goldman Sachs Group lowered their price objective on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating for the company in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $103.95.

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.