Callan Family Office LLC Makes New Investment in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Callan Family Office LLC purchased a new stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 4,355 shares of the company's stock, valued at approximately $372,000.

Several other large investors have also recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in Fomento Económico Mexicano during the fourth quarter valued at approximately $813,000. Aigen Investment Management LP increased its position in shares of Fomento Económico Mexicano by 20.2% during the fourth quarter. Aigen Investment Management LP now owns 20,199 shares of the company's stock worth $1,727,000 after purchasing an additional 3,399 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Fomento Económico Mexicano by 3,079.5% during the 4th quarter. Assetmark Inc. now owns 4,038 shares of the company's stock valued at $345,000 after purchasing an additional 3,911 shares during the last quarter. Fielder Capital Group LLC boosted its position in shares of Fomento Económico Mexicano by 40.7% in the 4th quarter. Fielder Capital Group LLC now owns 3,168 shares of the company's stock worth $271,000 after purchasing an additional 917 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in Fomento Económico Mexicano by 5.0% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 193,052 shares of the company's stock worth $16,504,000 after buying an additional 9,254 shares during the last quarter. 61.00% of the stock is owned by institutional investors.

Fomento Económico Mexicano Stock Performance

NYSE FMX traded up $1.33 during trading hours on Friday, reaching $99.04. The stock had a trading volume of 680,980 shares, compared to its average volume of 540,767. Fomento Económico Mexicano, S.A.B. de C.V. has a 52-week low of $81.07 and a 52-week high of $131.56. The stock has a fifty day moving average of $88.37 and a 200 day moving average of $92.76. 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 stock has a market cap of $35.43 billion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 5.26 and a beta of 0.87.

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Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last posted its quarterly 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). The business had revenue of $9.99 billion during the quarter, compared to analysts' expectations of $201.67 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. Sell-side analysts predict 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 business also recently declared a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were given 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 was Friday, January 17th. Fomento Económico Mexicano's dividend payout ratio (DPR) is currently 11.03%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FMX. Barclays raised 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. The Goldman Sachs Group lowered their target price on shares of 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. Finally, UBS Group boosted 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 report on Friday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $103.95.

About Fomento Económico Mexicano

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.