XTX Topco Ltd Has $1.14 Million Stock Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

XTX Topco Ltd decreased its holdings in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 43.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,344 shares of the company's stock after selling 10,350 shares during the quarter. XTX Topco Ltd's holdings in Fomento Económico Mexicano were worth $1,141,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its stake in Fomento Económico Mexicano by 4.2% in the 4th quarter. Franklin Resources Inc. now owns 3,117 shares of the company's stock valued at $266,000 after buying an additional 125 shares in the last quarter. Stifel Financial Corp increased its position in Fomento Económico Mexicano by 1.2% in the 3rd quarter. Stifel Financial Corp now owns 12,479 shares of the company's stock valued at $1,232,000 after acquiring an additional 149 shares in the last quarter. Brooklyn Investment Group raised 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 worth $29,000 after acquiring an additional 154 shares during the last quarter. Rosenberg Matthew Hamilton raised its position in Fomento Económico Mexicano by 30.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock worth $65,000 after purchasing an additional 176 shares during the last quarter. Finally, UMB Bank n.a. raised its position 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 purchasing an additional 203 shares during the last quarter. Institutional investors and hedge funds own 61.00% of the company's stock.

Fomento Económico Mexicano Price Performance

FMX traded down $0.70 during trading on Monday, hitting $105.12. 150,340 shares of the stock traded hands, compared to its average volume of 628,073. The business has a 50 day moving average price of $96.22 and a 200 day moving average price of $92.13. 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, S.A.B. de C.V. has a twelve month low of $81.08 and a twelve month high of $123.09. The company has a market cap of $37.61 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 5.26 and a beta of 0.68.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $1.51 by ($1.05). The company had revenue of $9.99 billion during the quarter, compared to the consensus estimate of $201.67 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. Equities research 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 firm also recently announced a dividend, which will be paid on Monday, May 5th. Investors 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 currently 11.75%.

Analyst Upgrades and Downgrades

A number of research firms have commented on FMX. UBS Group lifted their target price on shares of Fomento Económico Mexicano from $94.00 to $107.00 and gave the stock a "neutral" rating in a report on Friday, March 14th. The Goldman Sachs Group decreased their target price on 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. Barclays increased 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 research report on Tuesday, March 4th. Finally, Itau BBA Securities upgraded shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a report on Monday, April 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.