Quantbot Technologies LP Has $795,000 Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Quantbot Technologies LP increased its holdings in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 39.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,301 shares of the company's stock after acquiring an additional 2,614 shares during the period. Quantbot Technologies LP's holdings in Fomento Económico Mexicano were worth $795,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FMX. Stifel Financial Corp grew its holdings in shares of Fomento Económico Mexicano by 1.2% during the third quarter. Stifel Financial Corp now owns 12,479 shares of the company's stock worth $1,232,000 after purchasing an additional 149 shares during the last quarter. Brooklyn Investment Group lifted its position in Fomento Económico Mexicano by 82.8% during the 4th quarter. Brooklyn Investment Group now owns 340 shares of the company's stock worth $29,000 after buying an additional 154 shares in the last quarter. Rosenberg Matthew Hamilton grew its holdings in Fomento Económico Mexicano by 30.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock worth $65,000 after acquiring an additional 176 shares during the last quarter. Cerity Partners LLC increased its position in Fomento Económico Mexicano by 2.0% in the 3rd quarter. Cerity Partners LLC now owns 9,520 shares of the company's stock valued at $940,000 after acquiring an additional 191 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Fomento Económico Mexicano by 29.7% in the fourth quarter. UMB Bank n.a. now owns 887 shares of the company's stock worth $76,000 after acquiring an additional 203 shares during the last quarter. 61.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FMX has been the topic of several research analyst reports. Barclays increased their price target on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. UBS Group increased their price objective on Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. Finally, The Goldman Sachs Group lowered 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $103.95.

Fomento Económico Mexicano Trading Up 1.1 %

NYSE FMX traded up $1.06 during trading hours 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. Fomento Económico Mexicano, S.A.B. de C.V. has a twelve month low of $81.08 and a twelve month high of $131.11. The firm has a market capitalization of $35.87 billion, a P/E ratio of 25.71, a PEG ratio of 5.26 and a beta of 0.87. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average of $91.76 and a 200 day moving average of $92.31.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates 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 company 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 business also recently announced a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were issued a dividend of $0.9201 per share. The ex-dividend date was Friday, January 17th. This is a boost from Fomento Económico Mexicano's previous dividend of $0.74. Fomento Económico Mexicano's dividend payout ratio (DPR) is 11.03%.

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.