First Eagle Investment Management LLC boosted its position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 20.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,655,733 shares of the company's stock after buying an additional 2,150,913 shares during the period. Fomento Económico Mexicano makes up approximately 2.4% of First Eagle Investment Management LLC's investment portfolio, making the stock its 12th largest holding. First Eagle Investment Management LLC owned 3.54% of Fomento Económico Mexicano worth $1,081,939,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group boosted its position in Fomento Económico Mexicano by 82.8% in 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. Banque Cantonale Vaudoise purchased a new stake in Fomento Económico Mexicano in the 3rd quarter worth approximately $55,000. Mather Group LLC. boosted its position in Fomento Económico Mexicano by 179.1% in the 4th quarter. Mather Group LLC. now owns 575 shares of the company's stock worth $49,000 after purchasing an additional 369 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in Fomento Económico Mexicano in the 4th quarter worth approximately $51,000. Finally, Rosenberg Matthew Hamilton boosted its position in Fomento Económico Mexicano by 30.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock worth $65,000 after purchasing an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 61.00% of the company's stock.
Fomento Económico Mexicano Price Performance
NYSE FMX traded down $1.36 during mid-day trading on Tuesday, hitting $99.23. The stock had a trading volume of 510,573 shares, compared to its average volume of 631,469. The firm's 50 day moving average is $89.08 and its 200 day moving average is $92.53. Fomento Económico Mexicano, S.A.B. de C.V. has a twelve month low of $81.08 and a twelve month high of $131.56. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32. The stock has a market capitalization of $35.50 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 5.26 and a beta of 0.87.
Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last posted its quarterly earnings data 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. Equities research analysts forecast 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 company also recently disclosed a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were paid a $0.9201 dividend. This is an increase 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 is currently 11.03%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on FMX shares. UBS Group upped their target price on Fomento Económico Mexicano from $94.00 to $107.00 and gave the stock a "neutral" rating in a research note on Friday. The Goldman Sachs Group reduced their target price on 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, Barclays upped their target price on Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Fomento Económico Mexicano has an average rating of "Hold" and an average target price of $103.95.
Get Our Latest Stock Analysis on Fomento Económico Mexicano
About Fomento Económico Mexicano
(
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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