Whittier Trust Co. boosted its position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 45.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,962 shares of the company's stock after purchasing an additional 3,099 shares during the period. Whittier Trust Co.'s holdings in Fomento Económico Mexicano were worth $852,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of FMX. Brooklyn Investment Group increased its holdings in shares of 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 during the last quarter. Mather Group LLC. lifted its stake in shares of Fomento Económico Mexicano by 179.1% in the fourth quarter. Mather Group LLC. now owns 575 shares of the company's stock worth $49,000 after buying an additional 369 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Fomento Económico Mexicano during the 4th quarter worth $51,000. Banque Cantonale Vaudoise acquired a new position in Fomento Económico Mexicano in the 3rd quarter valued at $55,000. Finally, Rosenberg Matthew Hamilton raised its holdings in Fomento Económico Mexicano by 30.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company's stock worth $65,000 after acquiring an additional 176 shares during the period. Hedge funds and other institutional investors own 61.00% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on FMX. UBS Group increased their price objective on Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. The Goldman Sachs Group dropped their target price on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating for the company in a report on Tuesday, January 28th. Finally, Barclays boosted their price target on Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $103.95.
Read Our Latest Analysis on FMX
Fomento Económico Mexicano Price Performance
Shares of FMX stock traded up $2.38 during trading hours on Thursday, hitting $99.31. 444,758 shares of the company's stock were exchanged, compared to its average volume of 611,939. The stock's 50-day moving average is $91.06 and its 200-day moving average is $92.39. The stock has a market cap of $35.53 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 5.26 and a beta of 0.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32. Fomento Económico Mexicano, S.A.B. de C.V. has a 52 week low of $81.08 and a 52 week high of $131.11.
Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($1.05). The company had revenue of $9.99 billion during the quarter, compared to the consensus estimate of $201.67 billion. Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. As a group, research analysts forecast 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 announced 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. This is a boost 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 presently 11.03%.
Fomento Económico Mexicano Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Fomento Económico Mexicano, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fomento Económico Mexicano wasn't on the list.
While Fomento Económico Mexicano currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
