Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Shares Acquired by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd grew its position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 28.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 815,739 shares of the company’s stock after purchasing an additional 180,244 shares during the period. Fomento Económico Mexicano makes up approximately 2.4% of ANTIPODES PARTNERS Ltd’s holdings, making the stock its 17th largest holding. ANTIPODES PARTNERS Ltd’s holdings in Fomento Económico Mexicano were worth $69,743,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Van ECK Associates Corp lifted its position in Fomento Económico Mexicano by 61.7% during the 3rd quarter. Van ECK Associates Corp now owns 802 shares of the company’s stock worth $78,000 after acquiring an additional 306 shares in the last quarter. MQS Management LLC acquired a new position in Fomento Económico Mexicano during the 3rd quarter worth approximately $369,000. Caprock Group LLC acquired a new position in Fomento Económico Mexicano during the 3rd quarter worth approximately $780,000. Banque Cantonale Vaudoise acquired a new position in Fomento Económico Mexicano during the 3rd quarter worth approximately $55,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Fomento Económico Mexicano during the 3rd quarter worth approximately $7,672,000. 61.00% of the stock is owned by institutional investors and hedge funds.

Fomento Económico Mexicano Price Performance

FMX stock opened at $98.34 on Thursday. 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, S.A.B. de C.V. has a 52-week low of $81.07 and a 52-week high of $131.56. The stock’s 50 day moving average is $88.13 and its two-hundred day moving average is $92.73. The company has a market capitalization of $35.18 billion, a PE ratio of 25.22, a P/E/G ratio of 5.26 and a beta of 0.87.

Fomento Económico Mexicano (NYSE:FMX) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($1.05). Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. The business had revenue of $9.99 billion for the quarter, compared to analysts’ expectations of $201.67 billion. Analysts predict that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 earnings per share for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were issued a dividend of $0.9201 per share. The ex-dividend date of this dividend was Friday, January 17th. This is an increase from Fomento Económico Mexicano’s previous dividend of $0.74. Fomento Económico Mexicano’s payout ratio is currently 11.03%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays boosted their price target on Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. The Goldman Sachs Group reduced their price target 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.

Fomento Económico Mexicano 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.