Baillie Gifford & Co. Has $369.79 Million Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Baillie Gifford & Co. raised its position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,325,489 shares of the company's stock after buying an additional 18,750 shares during the quarter. Baillie Gifford & Co. owned about 1.21% of Fomento Económico Mexicano worth $369,786,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Lester Murray Antman dba SimplyRich increased its holdings in Fomento Económico Mexicano by 21.2% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 5,267 shares of the company's stock valued at $450,000 after buying an additional 922 shares during the period. Stephens Inc. AR increased its holdings in Fomento Económico Mexicano by 30.9% in the 4th quarter. Stephens Inc. AR now owns 5,816 shares of the company's stock valued at $497,000 after buying an additional 1,372 shares during the period. Klein Pavlis & Peasley Financial Inc. increased its holdings in Fomento Económico Mexicano by 10.5% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 28,176 shares of the company's stock valued at $2,409,000 after buying an additional 2,669 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Fomento Económico Mexicano by 51.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,282 shares of the company's stock valued at $284,000 after buying an additional 1,119 shares during the period. Finally, Ninety One UK Ltd grew its holdings in shares of Fomento Económico Mexicano by 3.9% during the 4th quarter. Ninety One UK Ltd now owns 644,148 shares of the company's stock valued at $55,068,000 after purchasing an additional 23,902 shares during the last quarter. 61.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FMX shares. The Goldman Sachs Group decreased 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 report on Tuesday, January 28th. StockNews.com raised shares of Fomento Económico Mexicano from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. Finally, Barclays lowered shares of Fomento Económico Mexicano from an "overweight" rating to an "equal weight" rating in a report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $108.27.

Fomento Económico Mexicano Trading Down 0.3 %

Shares of NYSE FMX traded down $0.27 during midday trading on Thursday, reaching $90.42. The stock had a trading volume of 1,038,452 shares, compared to its average volume of 492,386. The firm has a market cap of $32.35 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 5.31 and a beta of 0.90. Fomento Económico Mexicano, S.A.B. de C.V. has a twelve month low of $81.07 and a twelve month high of $134.31. 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 price is $86.15 and its 200 day moving average price is $94.47.

Fomento Económico Mexicano Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were given a $0.9201 dividend. The ex-dividend date was Friday, January 17th. This is an increase from Fomento Económico Mexicano's previous dividend of $0.74. Fomento Económico Mexicano's payout ratio is 11.79%.

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.