Oldfield Partners LLP Raises Stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Oldfield Partners LLP boosted its holdings in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,300 shares of the company’s stock after acquiring an additional 100 shares during the period. Fomento Económico Mexicano accounts for about 0.3% of Oldfield Partners LLP’s investment portfolio, making the stock its 18th largest holding. Oldfield Partners LLP’s holdings in Fomento Económico Mexicano were worth $1,432,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Park Place Capital Corp lifted its position in Fomento Económico Mexicano by 78.2% during the 1st quarter. Park Place Capital Corp now owns 221 shares of the company’s stock valued at $29,000 after acquiring an additional 97 shares during the period. Mather Group LLC. purchased a new position in Fomento Económico Mexicano during the 1st quarter valued at about $34,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Fomento Económico Mexicano during the 2nd quarter valued at about $51,000. Parallel Advisors LLC lifted its position in Fomento Económico Mexicano by 22.1% during the 4th quarter. Parallel Advisors LLC now owns 741 shares of the company’s stock valued at $97,000 after acquiring an additional 134 shares during the period. Finally, CWM LLC lifted its position in Fomento Económico Mexicano by 28.7% during the 2nd quarter. CWM LLC now owns 956 shares of the company’s stock valued at $103,000 after acquiring an additional 213 shares during the period.

Fomento Económico Mexicano Stock Up 1.3 %

NYSE:FMX opened at $104.57 on Monday. The firm has a market cap of $37.41 billion, a P/E ratio of 28.34, a P/E/G ratio of 5.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 1.72. Fomento Económico Mexicano, S.A.B. de C.V. has a fifty-two week low of $99.24 and a fifty-two week high of $143.43. The firm has a 50-day simple moving average of $109.19 and a two-hundred day simple moving average of $115.22.

Fomento Económico Mexicano (NYSE:FMX) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $1.87 EPS for the quarter. Fomento Económico Mexicano had a net margin of 3.75% and a return on equity of 8.65%. The firm had revenue of $11.54 billion during the quarter. Analysts predict that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.44 earnings per share for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, July 29th. Stockholders of record on Wednesday, July 17th were paid a $1.0206 dividend. The ex-dividend date of this dividend was Wednesday, July 17th. This is a positive change from Fomento Económico Mexicano’s previous semi-annual dividend of $0.74. This represents a dividend yield of 1.5%. Fomento Económico Mexicano’s payout ratio is currently 14.36%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FMX shares. StockNews.com raised shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research report on Thursday, August 29th. Barclays reduced their price objective on shares of Fomento Económico Mexicano from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Monday, July 15th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $139.50.

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.