Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Shares Bought by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG boosted its stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 7.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 83,264 shares of the company's stock after purchasing an additional 5,544 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Fomento Económico Mexicano were worth $7,118,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Park Avenue Securities LLC purchased a new stake in shares of Fomento Económico Mexicano in the fourth quarter worth about $225,000. Sarasin & Partners LLP lifted its holdings in Fomento Económico Mexicano by 33.3% in the fourth quarter. Sarasin & Partners LLP now owns 20,000 shares of the company's stock valued at $1,710,000 after acquiring an additional 5,000 shares during the period. Cerity Partners LLC boosted its position in Fomento Económico Mexicano by 2.0% in the 3rd quarter. Cerity Partners LLC now owns 9,520 shares of the company's stock worth $940,000 after purchasing an additional 191 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Fomento Económico Mexicano by 141.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 135,003 shares of the company's stock worth $11,541,000 after purchasing an additional 79,181 shares during the period. Finally, Stifel Financial Corp increased its holdings in shares of Fomento Económico Mexicano by 1.2% during the 3rd quarter. Stifel Financial Corp now owns 12,479 shares of the company's stock valued at $1,232,000 after purchasing an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 61.00% of the company's stock.

Fomento Económico Mexicano Trading Down 4.6 %

Shares of NYSE:FMX traded down $4.69 during mid-day trading on Friday, reaching $96.77. 799,708 shares of the company were exchanged, compared to its average volume of 628,297. 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 current ratio of 1.62 and a quick ratio of 1.32. The firm's 50-day simple moving average is $93.27 and its 200 day simple moving average is $92.23. The firm has a market cap of $34.62 billion, a price-to-earnings ratio of 24.81, a P/E/G ratio of 5.26 and a beta of 0.68.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.46 EPS 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 firm had revenue of $9.99 billion for the quarter, compared to analyst estimates of $201.67 billion. Equities research 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 company also recently announced a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were issued a dividend of $0.9201 per share. This is a boost 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 dividend payout ratio (DPR) is 11.03%.

Analysts Set New Price Targets

FMX has been the subject of several recent analyst reports. The Goldman Sachs Group cut their price target on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Barclays increased their price objective on Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Finally, 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 research note on Friday, March 14th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $103.95.

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.