ANTIPODES PARTNERS Ltd Raises Stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

ANTIPODES PARTNERS Ltd boosted its stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 28.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 815,739 shares of the company's stock after purchasing an additional 180,244 shares during the quarter. Fomento Económico Mexicano comprises 2.4% of ANTIPODES PARTNERS Ltd's holdings, making the stock its 17th largest holding. ANTIPODES PARTNERS Ltd owned 0.23% of Fomento Económico Mexicano worth $69,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its holdings in Fomento Económico Mexicano by 61.7% in the third quarter. Van ECK Associates Corp now owns 802 shares of the company's stock worth $78,000 after acquiring an additional 306 shares in the last quarter. MQS Management LLC acquired a new position in Fomento Económico Mexicano in the third quarter valued at approximately $369,000. Caprock Group LLC acquired a new position in Fomento Económico Mexicano in the third quarter valued at approximately $780,000. Banque Cantonale Vaudoise acquired a new position in Fomento Económico Mexicano in the third quarter valued at approximately $55,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Fomento Económico Mexicano in the third quarter valued at approximately $7,672,000. Institutional investors own 61.00% of the company's stock.

Fomento Económico Mexicano Price Performance

Shares of FMX traded up $1.33 during trading hours on Friday, hitting $99.04. 680,980 shares of the stock were exchanged, compared to its average volume of 540,767. 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 12-month low of $81.07 and a 12-month high of $131.56. The company has a market cap of $35.43 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 5.26 and a beta of 0.87. The stock's 50-day moving average price is $88.73 and its two-hundred day moving average price is $92.63.

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Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.46 EPS 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 firm had revenue of $9.99 billion for the quarter, compared to analysts' expectations of $201.67 billion. Research analysts expect that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 earnings per share for the current year.

Fomento Económico Mexicano Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were issued a $0.9201 dividend. This is a boost from Fomento Económico Mexicano's previous dividend of $0.74. The ex-dividend date was Friday, January 17th. Fomento Económico Mexicano's dividend payout ratio is presently 11.03%.

Analyst Upgrades and Downgrades

FMX has been the subject of a number of recent analyst reports. The Goldman Sachs Group cut their price objective 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 boosted their price objective 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 boosted their price objective on Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a "neutral" rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" 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.