Aigen Investment Management LP Has $1.73 Million Stock Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Aigen Investment Management LP increased its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 20.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,199 shares of the company's stock after purchasing an additional 3,399 shares during the period. Aigen Investment Management LP's holdings in Fomento Económico Mexicano were worth $1,727,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Baillie Gifford & Co. boosted its holdings in Fomento Económico Mexicano by 0.4% in the fourth quarter. Baillie Gifford & Co. now owns 4,325,489 shares of the company's stock worth $369,786,000 after purchasing an additional 18,750 shares in the last quarter. Perpetual Ltd lifted its position in Fomento Económico Mexicano by 23.8% during the 4th quarter. Perpetual Ltd now owns 924,669 shares of the company's stock worth $79,050,000 after acquiring an additional 177,843 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Fomento Económico Mexicano by 12.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 654,778 shares of the company's stock worth $55,977,000 after acquiring an additional 74,082 shares during the last quarter. Ninety One UK Ltd lifted its position in Fomento Económico Mexicano by 3.9% during the 4th quarter. Ninety One UK Ltd now owns 644,148 shares of the company's stock worth $55,068,000 after acquiring an additional 23,902 shares during the last quarter. Finally, FMR LLC lifted its position in Fomento Económico Mexicano by 5.3% during the 3rd quarter. FMR LLC now owns 491,582 shares of the company's stock worth $48,524,000 after acquiring an additional 24,537 shares during the last quarter. 61.00% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

FMX has been the subject of a number of research analyst reports. The Goldman Sachs Group cut their target price 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. Barclays boosted their target price 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.

Fomento Económico Mexicano Stock Performance

Shares of FMX traded up $0.44 during trading hours on Friday, reaching $97.87. 506,179 shares of the company traded hands, compared to its average volume of 545,025. The stock's fifty day moving average is $87.42 and its 200 day moving average is $92.95. The stock has a market cap of $35.02 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 5.26 and a beta of 0.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.62. Fomento Económico Mexicano, S.A.B. de C.V. has a 1-year low of $81.07 and a 1-year high of $131.56.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $1.51 by ($1.05). The company had revenue of $9.99 billion for the quarter, compared to analyst estimates 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 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 business also recently disclosed a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were given a dividend of $0.9201 per share. The ex-dividend date was Friday, January 17th. This is a positive change from Fomento Económico Mexicano's previous dividend of $0.74. Fomento Económico Mexicano's dividend payout ratio is currently 11.03%.

Fomento Económico Mexicano 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.