Fmr LLC Buys 2,655,962 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

FMR LLC increased its holdings in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 540.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,147,544 shares of the company's stock after acquiring an additional 2,655,962 shares during the quarter. FMR LLC owned about 0.88% of Fomento Económico Mexicano worth $269,084,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. First Eagle Investment Management LLC increased its holdings in Fomento Económico Mexicano by 20.5% in the 4th quarter. First Eagle Investment Management LLC now owns 12,655,733 shares of the company's stock worth $1,081,939,000 after purchasing an additional 2,150,913 shares in the last quarter. Schroder Investment Management Group grew its holdings in Fomento Económico Mexicano by 20.4% during the fourth quarter. Schroder Investment Management Group now owns 4,228,299 shares of the company's stock worth $360,716,000 after buying an additional 717,666 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Fomento Económico Mexicano by 77.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 728,253 shares of the company's stock valued at $62,258,000 after buying an additional 317,887 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Fomento Económico Mexicano by 6.8% in the 4th quarter. JPMorgan Chase & Co. now owns 3,238,177 shares of the company's stock valued at $276,832,000 after purchasing an additional 205,981 shares during the period. Finally, ANTIPODES PARTNERS Ltd increased its stake in shares of Fomento Económico Mexicano by 28.4% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 815,739 shares of the company's stock worth $69,743,000 after purchasing an additional 180,244 shares during the last quarter. 61.00% of the stock is owned by institutional investors.

Fomento Económico Mexicano Trading Up 1.5 %

Shares of Fomento Económico Mexicano stock traded up $1.58 during trading on Thursday, reaching $105.37. 99,692 shares of the stock were exchanged, compared to its average volume of 636,936. The stock's fifty day moving average is $95.49 and its 200 day moving average is $92.13. Fomento Económico Mexicano, S.A.B. de C.V. has a 1 year low of $81.08 and a 1 year high of $123.09. The firm has a market cap of $37.70 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 5.26 and a beta of 0.68. The company has a quick ratio of 1.32, a current ratio of 1.62 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 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $201.67 billion. As a group, equities research analysts expect 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 firm also recently disclosed a dividend, which will be paid on Monday, May 5th. Investors of record on Friday, April 25th will be paid a dividend of $1.628 per share. The ex-dividend date of this dividend is Thursday, April 24th. This represents a yield of 1.57%. This is a positive change from Fomento Económico Mexicano's previous dividend of $0.92. Fomento Económico Mexicano's payout ratio is presently 11.03%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. The Goldman Sachs Group reduced 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 note on Tuesday, January 28th. UBS Group upped their price objective on Fomento Económico Mexicano from $94.00 to $107.00 and gave the stock a "neutral" rating in a report on Friday, March 14th. Barclays raised their price objective on Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an "equal weight" rating in a report on Tuesday, March 4th. Finally, Itau BBA Securities upgraded shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a research report on Monday, April 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Fomento Económico Mexicano presently has an average rating of "Moderate Buy" and a consensus 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.