Barclays PLC grew its stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 28.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,483 shares of the company's stock after acquiring an additional 20,324 shares during the period. Barclays PLC's holdings in Fomento Económico Mexicano were worth $7,907,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group grew its position in shares of Fomento Económico Mexicano by 82.8% during the 4th quarter. Brooklyn Investment Group now owns 340 shares of the company's stock worth $29,000 after purchasing an additional 154 shares in the last quarter. Mather Group LLC. increased its stake in shares of Fomento Económico Mexicano by 179.1% in the fourth quarter. Mather Group LLC. now owns 575 shares of the company's stock valued at $49,000 after buying an additional 369 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of Fomento Económico Mexicano during the fourth quarter worth $51,000. Rosenberg Matthew Hamilton grew its position in shares of Fomento Económico Mexicano by 30.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock valued at $65,000 after buying an additional 176 shares during the last quarter. Finally, UMB Bank n.a. increased its stake 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 buying an additional 203 shares during the period. Institutional investors own 61.00% of the company's stock.
Fomento Económico Mexicano Stock Up 0.7 %
NYSE FMX traded up $0.72 on Friday, hitting $106.63. 663,600 shares of the company were exchanged, compared to its average volume of 623,725. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37. The company has a market cap of $38.15 billion, a PE ratio of 27.34, a PEG ratio of 5.26 and a beta of 0.68. The stock has a fifty day moving average of $97.77 and a 200-day moving average of $92.41. Fomento Económico Mexicano, S.A.B. de C.V. has a 12 month low of $81.08 and a 12 month high of $123.09.
Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last issued its 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 net margin of 3.22% and a return on equity of 8.37%. The firm had revenue of $9.99 billion during the quarter, compared to analyst estimates of $201.67 billion. As a group, analysts forecast 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 firm also recently announced a dividend, which will be paid on Monday, May 5th. Stockholders of record on Friday, April 25th will be given a dividend of $1.628 per share. The ex-dividend date is Thursday, April 24th. This is an increase from Fomento Económico Mexicano's previous dividend of $0.92. This represents a dividend yield of 1.57%. Fomento Económico Mexicano's payout ratio is presently 11.75%.
Analysts Set New Price Targets
Several analysts recently commented on the company. UBS Group upped their target price on Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a "neutral" rating in a report on Friday, March 14th. The Goldman Sachs Group decreased their price objective on shares of 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. Itau BBA Securities upgraded shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a report on Monday, April 7th. Finally, Barclays increased 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $103.95.
Get Our Latest Report on Fomento Económico Mexicano
Fomento Económico Mexicano Profile
(
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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.
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