State of New Jersey Common Pension Fund D Boosts Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

State of New Jersey Common Pension Fund D raised its stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,052 shares of the company's stock after acquiring an additional 9,254 shares during the period. State of New Jersey Common Pension Fund D owned about 0.05% of Fomento Económico Mexicano worth $16,504,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of FMX. Brooklyn Investment Group lifted 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 valued at $29,000 after acquiring an additional 154 shares in the last quarter. Mather Group LLC. lifted its stake in Fomento Económico Mexicano by 179.1% during the 4th quarter. Mather Group LLC. now owns 575 shares of the company's stock valued at $49,000 after acquiring an additional 369 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in Fomento Económico Mexicano during the 4th quarter valued at $51,000. Banque Cantonale Vaudoise bought a new position in Fomento Económico Mexicano during the 3rd quarter valued at $55,000. Finally, Rosenberg Matthew Hamilton lifted its stake in Fomento Económico Mexicano by 30.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock valued at $65,000 after acquiring an additional 176 shares in the last quarter. 61.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FMX has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their price objective 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 cut Fomento Económico Mexicano from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, January 21st. Finally, StockNews.com upgraded Fomento Económico Mexicano from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $108.27.

Fomento Económico Mexicano Stock Performance

Shares of NYSE FMX traded down $1.34 during mid-day trading on Friday, reaching $89.27. 467,127 shares of the company's stock were exchanged, compared to its average volume of 491,642. The firm has a market capitalization of $31.94 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 5.27 and a beta of 0.90. Fomento Económico Mexicano, S.A.B. de C.V. has a 52 week low of $81.07 and a 52 week high of $134.31. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32. The firm has a 50-day moving average price of $86.20 and a two-hundred day moving average price of $94.32.

Fomento Económico Mexicano Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were paid a $0.9201 dividend. This is a boost from Fomento Económico Mexicano's previous dividend of $0.74. The ex-dividend date was Friday, January 17th. Fomento Económico Mexicano's payout ratio is currently 11.79%.

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.