Carrhae Capital LLP Raises Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Carrhae Capital LLP lifted its stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 23.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 543,167 shares of the company's stock after buying an additional 103,131 shares during the period. Fomento Económico Mexicano makes up approximately 3.9% of Carrhae Capital LLP's investment portfolio, making the stock its 10th biggest position. Carrhae Capital LLP owned about 0.15% of Fomento Económico Mexicano worth $46,435,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group raised its position in shares of Fomento Económico Mexicano by 82.8% in the 4th quarter. Brooklyn Investment Group now owns 340 shares of the company's stock valued at $29,000 after buying an additional 154 shares in the last quarter. Mather Group LLC. lifted its stake in 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 purchasing an additional 369 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Fomento Económico Mexicano in the 4th quarter valued at $51,000. Rosenberg Matthew Hamilton increased its stake in shares of Fomento Económico Mexicano by 30.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock valued at $65,000 after purchasing an additional 176 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Fomento Económico Mexicano by 29.7% during the 4th quarter. UMB Bank n.a. now owns 887 shares of the company's stock worth $76,000 after buying an additional 203 shares in the last quarter. Institutional investors own 61.00% of the company's stock.

Fomento Económico Mexicano Trading Up 1.1 %

Shares of Fomento Económico Mexicano stock traded up $1.06 during trading on Friday, hitting $100.26. The company's stock had a trading volume of 495,652 shares, compared to its average volume of 627,939. The stock has a market cap of $35.87 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 5.26 and a beta of 0.87. Fomento Económico Mexicano, S.A.B. de C.V. has a 52 week low of $81.08 and a 52 week high of $131.11. The stock has a 50-day moving average price of $91.76 and a two-hundred day moving average price of $92.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last issued its quarterly 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 company had revenue of $9.99 billion during the quarter, compared to analyst estimates of $201.67 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. Equities research analysts anticipate 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 business also recently declared a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were issued a $0.9201 dividend. This is a boost from Fomento Económico Mexicano's previous dividend of $0.74. The ex-dividend date of this dividend was Friday, January 17th. Fomento Económico Mexicano's dividend payout ratio (DPR) is presently 11.03%.

Analyst Ratings Changes

Several research analysts have commented on the company. UBS Group boosted 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, March 14th. Barclays boosted their target price on shares of 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. Finally, The Goldman Sachs Group cut their price objective on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating on the stock 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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.