Black Creek Investment Management Inc. cut its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 0.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,004,674 shares of the company's stock after selling 8,886 shares during the quarter. Fomento Económico Mexicano comprises 4.1% of Black Creek Investment Management Inc.'s holdings, making the stock its 10th biggest position. Black Creek Investment Management Inc. owned approximately 0.28% of Fomento Económico Mexicano worth $85,890,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Brooklyn Investment Group boosted its holdings in 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 purchasing an additional 154 shares during the last quarter. Mather Group LLC. boosted its position in Fomento Económico Mexicano by 179.1% during the fourth 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 shares of Fomento Económico Mexicano during the 4th quarter worth approximately $51,000. Rosenberg Matthew Hamilton grew 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 valued at $65,000 after buying an additional 176 shares in the last quarter. Finally, UMB Bank n.a. raised its position in Fomento Económico Mexicano by 29.7% during the fourth quarter. UMB Bank n.a. now owns 887 shares of the company's stock worth $76,000 after acquiring an additional 203 shares in the last quarter. 61.00% of the stock is owned by institutional investors.
Fomento Económico Mexicano Price Performance
Shares of NYSE FMX traded up $2.04 during mid-day trading on Thursday, reaching $105.83. The company had a trading volume of 370,257 shares, compared to its average volume of 637,980. Fomento Económico Mexicano, S.A.B. de C.V. has a one year low of $81.08 and a one year high of $123.09. The business's 50-day simple moving average is $95.49 and its 200 day simple moving average is $92.13. 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 firm has a market cap of $37.87 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 5.26 and a beta of 0.68.
Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($1.05). The business had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $201.67 billion. Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. On average, research analysts predict that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 earnings per share for the current fiscal year.
Fomento Económico Mexicano Increases Dividend
The business also recently announced a dividend, which will be paid on Monday, May 5th. Shareholders of record on Friday, April 25th will be paid a dividend of $1.628 per share. This represents a dividend yield of 1.57%. The ex-dividend date is Thursday, April 24th. This is a boost from Fomento Económico Mexicano's previous dividend of $0.92. Fomento Económico Mexicano's payout ratio is presently 11.03%.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. The Goldman Sachs Group lowered their price target on 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. Itau BBA Securities upgraded shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a research note on Monday, April 7th. Barclays upped their target price 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 upped their price objective on Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a "neutral" rating in a report on Friday, March 14th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $103.95.
Get Our Latest Stock Analysis on FMX
Fomento Económico Mexicano Profile
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Free Report)
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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