Arrowstreet Capital Limited Partnership Grows Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Arrowstreet Capital Limited Partnership boosted its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 77.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 728,253 shares of the company's stock after purchasing an additional 317,887 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.20% of Fomento Económico Mexicano worth $62,258,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group increased its position in shares of Fomento Económico Mexicano by 82.8% during the fourth quarter. Brooklyn Investment Group now owns 340 shares of the company's stock worth $29,000 after acquiring an additional 154 shares in the last quarter. Mather Group LLC. boosted its stake in Fomento Económico Mexicano by 179.1% during the 4th quarter. Mather Group LLC. now owns 575 shares of the company's stock valued at $49,000 after purchasing an additional 369 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in Fomento Económico Mexicano during the 4th quarter worth approximately $51,000. Rosenberg Matthew Hamilton raised its stake 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 worth $65,000 after purchasing an additional 176 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Fomento Económico Mexicano by 29.7% in the fourth quarter. UMB Bank n.a. now owns 887 shares of the company's stock valued at $76,000 after purchasing an additional 203 shares in the last quarter. Institutional investors own 61.00% of the company's stock.

Fomento Económico Mexicano Stock Performance

FMX stock traded down $4.69 during midday trading on Friday, hitting $96.77. The company's stock had a trading volume of 799,708 shares, compared to its average volume of 628,297. The stock has a market cap of $34.62 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 5.26 and a beta of 0.68. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.37. The stock's 50-day moving average price is $93.27 and its 200 day moving average price is $92.16. 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.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $201.67 billion. On average, equities analysts forecast that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 EPS for the current year.

Fomento Económico Mexicano Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were paid a dividend of $0.9201 per share. The ex-dividend date of this dividend 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 (DPR) is presently 11.03%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FMX. Barclays upped their price target on Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. UBS Group upped their target price on shares of Fomento Económico Mexicano from $94.00 to $107.00 and gave the stock a "neutral" rating in a research note on Friday, March 14th. Finally, The Goldman Sachs Group dropped their price target on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating on the stock in a research report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Fomento Económico Mexicano presently has an average rating of "Hold" and a consensus 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.