Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Stake Lowered by XTX Topco Ltd

XTX Topco Ltd decreased its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 43.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,344 shares of the company's stock after selling 10,350 shares during the period. XTX Topco Ltd's holdings in Fomento Económico Mexicano were worth $1,141,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. First Eagle Investment Management LLC boosted its position in shares of Fomento Económico Mexicano by 20.5% during the fourth quarter. First Eagle Investment Management LLC now owns 12,655,733 shares of the company's stock valued at $1,081,939,000 after buying an additional 2,150,913 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of Fomento Económico Mexicano by 0.4% during the 4th quarter. Baillie Gifford & Co. now owns 4,325,489 shares of the company's stock valued at $369,786,000 after purchasing an additional 18,750 shares during the last quarter. Schroder Investment Management Group raised its holdings in Fomento Económico Mexicano by 20.4% during the 4th quarter. Schroder Investment Management Group now owns 4,228,299 shares of the company's stock valued at $360,716,000 after buying an additional 717,666 shares during the last quarter. JPMorgan Chase & Co. raised its stake in 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 buying an additional 205,981 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Fomento Económico Mexicano by 540.3% in the 4th quarter. FMR LLC now owns 3,147,544 shares of the company's stock worth $269,084,000 after buying an additional 2,655,962 shares during the last quarter. Institutional investors and hedge funds own 61.00% of the company's stock.

Fomento Económico Mexicano Stock Up 2.0 %

Fomento Económico Mexicano stock traded up $2.04 during mid-day trading on Friday, reaching $105.83. 370,257 shares of the company's stock were exchanged, compared to its average volume of 637,556. The company has a market cap of $37.87 billion, a P/E ratio of 27.14, a P/E/G ratio of 5.26 and a beta of 0.68. The company has a fifty day moving average of $96.22 and a 200-day moving average of $92.22. 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 quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.37.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $1.51 by ($1.05). The business had revenue of $9.99 billion during the quarter, compared to analysts' expectations of $201.67 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. Sell-side analysts expect 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 business also recently declared a dividend, which will be paid on Monday, May 5th. Shareholders of record on Friday, April 25th will be issued a $1.628 dividend. This represents a dividend yield of 1.57%. The ex-dividend date is Thursday, April 24th. This is a positive change from Fomento Económico Mexicano's previous dividend of $0.92. Fomento Económico Mexicano's dividend payout ratio (DPR) is 11.03%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FMX. Barclays upped their price objective on Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. The Goldman Sachs Group decreased their price target on shares of 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. Itau BBA Securities raised shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a research note on Monday, April 7th. Finally, UBS Group upped their price objective on Fomento Económico Mexicano from $94.00 to $107.00 and gave the stock a "neutral" rating in a research note on Friday, March 14th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $103.95.

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.