Robeco Institutional Asset Management B.V. Increases Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Robeco Institutional Asset Management B.V. lifted its position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 12.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 654,778 shares of the company's stock after buying an additional 74,082 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.18% of Fomento Económico Mexicano worth $55,977,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FMX. Brooklyn Investment Group lifted its position in 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 acquiring an additional 154 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Fomento Económico Mexicano during the fourth quarter valued at $51,000. Banque Cantonale Vaudoise purchased a new stake in shares of Fomento Económico Mexicano during the third quarter valued at $55,000. Rosenberg Matthew Hamilton increased its holdings in Fomento Económico Mexicano by 30.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock worth $65,000 after buying an additional 176 shares in the last quarter. Finally, UMB Bank n.a. raised its position in 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 buying an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 61.00% of the company's stock.

Fomento Económico Mexicano Stock Performance

Shares of NYSE FMX traded up $0.30 during midday trading on Thursday, hitting $86.93. 58,667 shares of the company's stock traded hands, compared to its average volume of 441,471. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.62. The stock has a market capitalization of $31.10 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 4.87 and a beta of 0.90. The firm has a fifty day moving average of $86.28 and a 200 day moving average of $97.06. Fomento Económico Mexicano, S.A.B. de C.V. has a 1 year low of $81.07 and a 1 year high of $143.43.

Fomento Económico Mexicano Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were given a $0.9201 dividend. The ex-dividend date was Friday, January 17th. This is an increase from Fomento Económico Mexicano's previous dividend of $0.74. Fomento Económico Mexicano's dividend payout ratio (DPR) is presently 20.26%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FMX. StockNews.com raised shares of Fomento Económico Mexicano from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. The Goldman Sachs Group dropped their target price on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating on the stock in a report on Tuesday. Finally, Barclays lowered shares of Fomento Económico Mexicano from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.