Sarasin & Partners LLP Acquires 5,000 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Sarasin & Partners LLP boosted its stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 33.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,000 shares of the company's stock after buying an additional 5,000 shares during the quarter. Sarasin & Partners LLP's holdings in Fomento Económico Mexicano were worth $1,710,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Stifel Financial Corp increased its stake in shares of Fomento Económico Mexicano by 1.2% in the third quarter. Stifel Financial Corp now owns 12,479 shares of the company's stock worth $1,232,000 after acquiring an additional 149 shares during the last quarter. Brooklyn Investment Group boosted its position in Fomento Económico Mexicano by 82.8% during the fourth quarter. Brooklyn Investment Group now owns 340 shares of the company's stock valued at $29,000 after purchasing an additional 154 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in Fomento Económico Mexicano by 30.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock valued at $65,000 after purchasing an additional 176 shares in 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 worth $940,000 after purchasing an additional 191 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Fomento Económico Mexicano by 9.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,479 shares of the company's stock worth $245,000 after purchasing an additional 204 shares in the last quarter. Institutional investors and hedge funds own 61.00% of the company's stock.

Fomento Económico Mexicano Stock Performance

Fomento Económico Mexicano stock traded up $0.01 during mid-day trading on Monday, reaching $82.30. The company had a trading volume of 644,199 shares, compared to its average volume of 345,056. The company has a 50 day moving average of $87.30 and a 200-day moving average of $98.48. Fomento Económico Mexicano, S.A.B. de C.V. has a 52 week low of $81.07 and a 52 week high of $143.43. 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 firm has a market cap of $29.45 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 4.74 and a beta of 0.90.

Fomento Económico Mexicano Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were paid a dividend of $0.9201 per share. This is a positive change 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 payout ratio is currently 12.82%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. cut Fomento Económico Mexicano from an "overweight" rating to a "neutral" rating and boosted their price target for the company from $104.00 to $109.00 in a research note on Monday, September 23rd. Barclays decreased their target price on Fomento Económico Mexicano from $125.00 to $118.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Fomento Económico Mexicano from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $126.33.

Fomento Económico Mexicano Company 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.