Sava Infond d.o.o. Takes Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Sava Infond d.o.o. purchased a new stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 7,100 shares of the company's stock, valued at approximately $607,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in shares of Fomento Económico Mexicano by 107.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 326,302 shares of the company's stock valued at $32,209,000 after buying an additional 169,184 shares during the period. Park Avenue Securities LLC bought a new position in Fomento Económico Mexicano in the fourth quarter worth about $225,000. Sarasin & Partners LLP boosted its stake in Fomento Económico Mexicano by 33.3% in the fourth quarter. Sarasin & Partners LLP now owns 20,000 shares of the company's stock valued at $1,710,000 after acquiring an additional 5,000 shares during the period. Cerity Partners LLC grew its holdings 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 valued at $940,000 after purchasing an additional 191 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Fomento Económico Mexicano by 141.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 135,003 shares of the company's stock worth $11,541,000 after purchasing an additional 79,181 shares during the period. Hedge funds and other institutional investors own 61.00% of the company's stock.

Fomento Económico Mexicano Price Performance

NYSE:FMX traded up $0.38 during midday trading on Tuesday, hitting $97.96. 70,873 shares of the stock were exchanged, compared to its average volume of 625,100. The company has a market capitalization of $35.05 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 5.26 and a beta of 0.87. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37. Fomento Económico Mexicano, S.A.B. de C.V. has a one year low of $81.08 and a one year high of $131.11. The business has a 50-day moving average price of $92.07 and a two-hundred day moving average price of $92.27.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $9.99 billion for the quarter, compared to analyst estimates of $201.67 billion. Sell-side analysts predict that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 EPS for the current year.

Fomento Económico Mexicano Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were given 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 dividend payout ratio (DPR) is 11.03%.

Wall Street Analyst Weigh In

FMX has been the topic of a number of recent research reports. The Goldman Sachs Group cut their target price on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. Barclays lifted their price objective on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. Finally, UBS Group boosted their target price on shares of Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a "neutral" rating in a research note on Friday, March 14th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $103.95.

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.