Ninety One UK Ltd Increases Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Ninety One UK Ltd raised its stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 644,148 shares of the company's stock after purchasing an additional 23,902 shares during the period. Ninety One UK Ltd owned 0.18% of Fomento Económico Mexicano worth $55,068,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Stifel Financial Corp increased its position in Fomento Económico Mexicano by 1.2% in the 3rd quarter. Stifel Financial Corp now owns 12,479 shares of the company's stock valued at $1,232,000 after buying an additional 149 shares in the last quarter. Brooklyn Investment Group grew its stake in Fomento Económico Mexicano by 82.8% in the fourth quarter. Brooklyn Investment Group now owns 340 shares of the company's stock valued at $29,000 after acquiring an additional 154 shares during the period. 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 valued at $65,000 after acquiring an additional 176 shares in the last quarter. Cerity Partners LLC raised its position in shares of Fomento Económico Mexicano by 2.0% during the third quarter. Cerity Partners LLC now owns 9,520 shares of the company's stock worth $940,000 after purchasing an additional 191 shares during the period. Finally, UMB Bank n.a. lifted its holdings 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 worth $76,000 after purchasing an additional 203 shares in the last quarter. Institutional investors and hedge funds own 61.00% of the company's stock.

Fomento Económico Mexicano Stock Down 2.0 %

Shares of NYSE FMX traded down $1.83 during trading on Friday, hitting $87.87. The stock had a trading volume of 651,224 shares, compared to its average volume of 472,295. The firm has a fifty day moving average of $86.19 and a two-hundred day moving average of $95.72. The company has a market capitalization of $31.44 billion, a PE ratio of 22.53, a PEG ratio of 5.18 and a beta of 0.90. 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, S.A.B. de C.V. has a 12 month low of $81.07 and a 12 month high of $143.43.

Fomento Económico Mexicano Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were given a $0.9201 dividend. This is an increase 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 is presently 11.79%.

Analyst Upgrades and Downgrades

A number of analysts have commented on FMX shares. The Goldman Sachs Group decreased their price target 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. Barclays downgraded shares of Fomento Económico Mexicano from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, January 21st. Finally, StockNews.com raised shares of Fomento Económico Mexicano from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $119.20.

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.