Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Stock Holdings Increased by American Century Companies Inc.

American Century Companies Inc. raised its position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 250,188 shares of the company's stock after buying an additional 4,674 shares during the period. American Century Companies Inc. owned approximately 0.07% of Fomento Económico Mexicano worth $21,389,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group raised its holdings in 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 acquiring an additional 154 shares in the last quarter. Mather Group LLC. increased its position in shares of Fomento Económico Mexicano by 179.1% in the 4th quarter. Mather Group LLC. now owns 575 shares of the company's stock worth $49,000 after purchasing an additional 369 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Fomento Económico Mexicano in the 4th quarter valued at about $51,000. Rosenberg Matthew Hamilton lifted 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 purchasing an additional 176 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in Fomento Económico Mexicano by 29.7% in the fourth quarter. UMB Bank n.a. now owns 887 shares of the company's stock worth $76,000 after purchasing an additional 203 shares in the last quarter. 61.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. The Goldman Sachs Group cut their price objective 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 upped their price target on 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, UBS Group lifted their price objective 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. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $103.95.

Fomento Económico Mexicano Stock Performance

Shares of Fomento Económico Mexicano stock traded up $1.56 on Thursday, reaching $101.49. 871,013 shares of the company were exchanged, compared to its average volume of 625,824. The firm has a market cap of $36.31 billion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 5.26 and a beta of 0.87. Fomento Económico Mexicano, S.A.B. de C.V. has a 1-year low of $81.08 and a 1-year high of $130.00. 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 company's 50-day moving average is $93.04 and its two-hundred day moving average is $92.36.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($1.05). Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. The company had revenue of $9.99 billion during the quarter, compared to analyst estimates of $201.67 billion. As a group, research 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 announced a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were paid a dividend of $0.9201 per share. This is a positive change from Fomento Económico Mexicano's previous dividend of $0.74. The ex-dividend date of this dividend was Friday, January 17th. Fomento Económico Mexicano's payout ratio is presently 11.03%.

About Fomento Económico Mexicano

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.