Marathon Capital Management Acquires Shares of 34,495 Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Marathon Capital Management bought a new stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 34,495 shares of the company's stock, valued at approximately $3,713,000. Fomento Económico Mexicano accounts for approximately 0.9% of Marathon Capital Management's portfolio, making the stock its 27th biggest holding.

A number of other institutional investors have also recently modified their holdings of FMX. Park Place Capital Corp increased its stake in shares of Fomento Económico Mexicano by 78.2% in the first quarter. Park Place Capital Corp now owns 221 shares of the company's stock valued at $29,000 after buying an additional 97 shares during the period. Mather Group LLC. bought a new stake in shares of Fomento Económico Mexicano during the 1st quarter valued at about $34,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Fomento Económico Mexicano during the 2nd quarter valued at about $51,000. Parallel Advisors LLC boosted its position in shares of Fomento Económico Mexicano by 22.1% during the 4th quarter. Parallel Advisors LLC now owns 741 shares of the company's stock valued at $97,000 after purchasing an additional 134 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Fomento Económico Mexicano by 28.7% during the 2nd quarter. CWM LLC now owns 956 shares of the company's stock valued at $103,000 after purchasing an additional 213 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays cut their target price on Fomento Económico Mexicano from $160.00 to $145.00 and set an "overweight" rating on the stock in a research report on Monday, July 15th. JPMorgan Chase & Co. lowered Fomento Económico Mexicano from an "overweight" rating to a "neutral" rating and increased their price target for the stock from $104.00 to $109.00 in a report on Monday. Finally, StockNews.com lowered Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a report on Monday. Six research 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, Fomento Económico Mexicano has an average rating of "Hold" and a consensus price target of $133.40.

Fomento Económico Mexicano Trading Down 0.4 %

NYSE:FMX traded down $0.39 during mid-day trading on Friday, reaching $100.53. 63,224 shares of the company's stock traded hands, compared to its average volume of 688,891. Fomento Económico Mexicano, S.A.B. de C.V. has a 12-month low of $98.97 and a 12-month high of $143.43. The firm has a market capitalization of $35.97 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 5.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.72 and a quick ratio of 1.44. The company has a 50 day moving average price of $106.71 and a 200-day moving average price of $113.99.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $1.87 EPS for the quarter. Fomento Económico Mexicano had a return on equity of 8.65% and a net margin of 3.75%. The firm had revenue of $11.54 billion for the quarter. On average, sell-side analysts predict that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.39 earnings per share for the current year.

Fomento Económico Mexicano Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, July 29th. Investors of record on Wednesday, July 17th were given a $1.0206 dividend. The ex-dividend date of this dividend was Wednesday, July 17th. This is a boost from Fomento Económico Mexicano's previous semi-annual dividend of $0.74. This represents a yield of 1.5%. Fomento Económico Mexicano's dividend payout ratio is 14.36%.

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.