Wells Fargo & Company MN Has $2.41 Million Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Wells Fargo & Company MN lifted its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 17.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,135 shares of the company's stock after purchasing an additional 4,096 shares during the period. Wells Fargo & Company MN's holdings in Fomento Económico Mexicano were worth $2,405,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. First Eagle Investment Management LLC boosted its holdings in shares of Fomento Económico Mexicano by 20.5% during the 4th quarter. First Eagle Investment Management LLC now owns 12,655,733 shares of the company's stock worth $1,081,939,000 after buying an additional 2,150,913 shares during the period. Schroder Investment Management Group boosted its holdings in Fomento Económico Mexicano by 20.4% during the fourth quarter. Schroder Investment Management Group now owns 4,228,299 shares of the company's stock valued at $360,716,000 after acquiring an additional 717,666 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Fomento Económico Mexicano by 77.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 728,253 shares of the company's stock valued at $62,258,000 after purchasing an additional 317,887 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Fomento Económico Mexicano by 6.8% in the fourth quarter. JPMorgan Chase & Co. now owns 3,238,177 shares of the company's stock worth $276,832,000 after purchasing an additional 205,981 shares during the period. Finally, ANTIPODES PARTNERS Ltd lifted its position in shares of Fomento Económico Mexicano by 28.4% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 815,739 shares of the company's stock worth $69,743,000 after purchasing an additional 180,244 shares during the last quarter. 61.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on FMX. Itau BBA Securities upgraded Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a report on Monday, April 7th. UBS Group increased their price target on shares of Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a "neutral" rating in a report on Friday, March 14th. Barclays upped 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, The Goldman Sachs Group decreased their target price on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating on the stock in a research report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $103.95.

Fomento Económico Mexicano Price Performance

Shares of Fomento Económico Mexicano stock traded down $0.07 during trading on Monday, hitting $106.34. 857,270 shares of the company's stock traded hands, compared to its average volume of 624,659. Fomento Económico Mexicano, S.A.B. de C.V. has a twelve month low of $81.08 and a twelve month high of $123.09. 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 company has a market cap of $38.05 billion, a PE ratio of 27.27, a PEG ratio of 5.26 and a beta of 0.68. The firm's fifty day moving average price is $97.77 and its 200 day moving average price is $92.37.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last released its quarterly earnings data 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 company had revenue of $9.99 billion for the quarter, compared to analyst estimates of $201.67 billion. Analysts forecast that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 earnings per share for the current year.

Fomento Económico Mexicano Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, May 5th. Shareholders of record on Friday, April 25th will be given a $1.628 dividend. This represents a yield of 1.57%. This is a boost from Fomento Económico Mexicano's previous dividend of $0.92. The ex-dividend date is Thursday, April 24th. Fomento Económico Mexicano's dividend payout ratio is 11.75%.

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.