Wells Fargo & Company MN Has $2.41 Million Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Wells Fargo & Company MN increased its stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 17.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,135 shares of the company's stock after buying an additional 4,096 shares during the quarter. Wells Fargo & Company MN's holdings in Fomento Económico Mexicano were worth $2,405,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FMX. Franklin Resources Inc. boosted its holdings in shares of 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 acquiring an additional 125 shares in the last quarter. Brooklyn Investment Group increased its stake 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 valued at $29,000 after buying an additional 154 shares in the last quarter. Rosenberg Matthew Hamilton raised its holdings in shares of Fomento Económico Mexicano by 30.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock valued at $65,000 after buying an additional 176 shares during the last quarter. UMB Bank n.a. grew 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 worth $76,000 after acquiring an additional 203 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased 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 acquiring an additional 274 shares in the last quarter. 61.00% of the stock is currently owned by institutional investors.

Fomento Económico Mexicano Stock Performance

NYSE FMX traded down $0.15 during trading on Wednesday, reaching $105.30. 821,874 shares of the company's stock were exchanged, compared to its average volume of 626,022. Fomento Económico Mexicano, S.A.B. de C.V. has a fifty-two week low of $81.08 and a fifty-two week high of $123.09. The stock has a market capitalization of $37.67 billion, a P/E ratio of 27.00, a PEG ratio of 5.26 and a beta of 0.68. The business has a 50 day moving average price of $98.70 and a 200-day moving average price of $92.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The company reported $0.45 earnings per share (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. Sell-side analysts forecast 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 business also recently disclosed a dividend, which will be paid on Monday, May 5th. Shareholders of record on Friday, April 25th will be given a dividend of $1.628 per share. The ex-dividend date of this dividend is Thursday, April 24th. This is an increase from Fomento Económico Mexicano's previous dividend of $0.92. This represents a yield of 1.57%. Fomento Económico Mexicano's dividend payout ratio (DPR) is 11.75%.

Analysts Set New Price Targets

Several analysts have recently commented on FMX shares. 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. StockNews.com cut Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a report on Wednesday. UBS Group boosted their price objective on Fomento Económico Mexicano from $94.00 to $107.00 and gave the stock a "neutral" rating in a report on Friday, March 14th. Barclays lifted their price target on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group reduced their price objective on shares of 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Fomento Económico Mexicano presently has an average rating of "Hold" and an average 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.