CIBC Private Wealth Group LLC Has $29.02 Million Stock Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

CIBC Private Wealth Group LLC boosted its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 33.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 346,229 shares of the company's stock after buying an additional 86,724 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.10% of Fomento Económico Mexicano worth $29,024,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group grew its holdings 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 valued at $29,000 after purchasing an additional 154 shares during the last quarter. Mather Group LLC. grew its stake in shares of Fomento Económico Mexicano by 179.1% during the fourth quarter. Mather Group LLC. now owns 575 shares of the company's stock worth $49,000 after buying an additional 369 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Fomento Económico Mexicano during the fourth quarter worth $51,000. Rosenberg Matthew Hamilton increased its holdings in shares of Fomento Económico Mexicano by 30.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock worth $65,000 after buying an additional 176 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Fomento Económico Mexicano by 29.7% in the 4th quarter. UMB Bank n.a. now owns 887 shares of the company's stock valued at $76,000 after acquiring an additional 203 shares during the last quarter. Institutional investors own 61.00% of the company's stock.

Fomento Económico Mexicano Trading Down 4.6 %

NYSE:FMX traded down $4.69 during trading hours on Friday, hitting $96.77. 799,708 shares of the company were exchanged, compared to its average volume of 628,297. The stock has a market capitalization of $34.62 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 5.26 and a beta of 0.68. Fomento Económico Mexicano, S.A.B. de C.V. has a one year low of $81.08 and a one year high of $130.00. The company has a fifty day simple moving average of $93.27 and a 200 day simple moving average of $92.23. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.46 earnings per share (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 company had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $201.67 billion. Sell-side analysts expect that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 EPS for the current fiscal year.

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 of this dividend 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 11.03%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FMX. UBS Group boosted their price objective on Fomento Económico Mexicano from $94.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, March 14th. Barclays boosted 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. Finally, The Goldman Sachs Group dropped 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 report on Tuesday, January 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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.