Schroder Investment Management Group Has $360.72 Million Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Schroder Investment Management Group boosted its holdings in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 20.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,228,299 shares of the company's stock after acquiring an additional 717,666 shares during the period. Schroder Investment Management Group owned 1.18% of Fomento Económico Mexicano worth $360,716,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stifel Financial Corp boosted its position 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 in the last quarter. Brooklyn Investment Group raised its stake 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 during the period. Rosenberg Matthew Hamilton lifted its holdings in Fomento Económico Mexicano by 30.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock worth $65,000 after acquiring an additional 176 shares in the last quarter. Cerity Partners LLC grew its stake in Fomento Económico Mexicano by 2.0% in the third quarter. Cerity Partners LLC now owns 9,520 shares of the company's stock valued at $940,000 after acquiring an additional 191 shares during the period. Finally, UMB Bank n.a. increased its holdings 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 in the last quarter. Institutional investors own 61.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Barclays lifted their price objective on Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an "equal weight" rating in a report on Tuesday, March 4th. The Goldman Sachs Group dropped their price objective 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, January 28th. Finally, UBS Group boosted their price objective on shares of Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Fomento Económico Mexicano presently has a consensus rating of "Hold" and an average price target of $103.95.

Fomento Económico Mexicano Stock Performance

Fomento Económico Mexicano stock traded up $4.01 during midday trading on Thursday, reaching $103.94. 289,421 shares of the company's stock were exchanged, compared to its average volume of 624,440. The stock's 50-day simple moving average is $92.69 and its 200 day simple moving average is $92.29. The firm has a market cap of $37.19 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 5.26 and a beta of 0.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.62. Fomento Económico Mexicano, S.A.B. de C.V. has a 52 week low of $81.08 and a 52 week high of $130.00.

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 business had revenue of $9.99 billion during the quarter, compared to the consensus estimate of $201.67 billion. On average, analysts expect 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 disclosed a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were given a dividend of $0.9201 per share. The ex-dividend date of this dividend 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 11.03%.

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.