Sava Infond d.o.o. Takes Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Sava Infond d.o.o. acquired a new position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,100 shares of the company’s stock, valued at approximately $607,000.

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 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 acquiring an additional 2,150,913 shares during the period. Baillie Gifford & Co. boosted its stake in 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 period. JPMorgan Chase & Co. grew its position in Fomento Económico Mexicano by 6.8% in the 4th 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 last quarter. Perpetual Ltd increased its stake in shares of Fomento Económico Mexicano by 23.8% in the fourth quarter. Perpetual Ltd now owns 924,669 shares of the company’s stock valued at $79,050,000 after purchasing an additional 177,843 shares during the period. Finally, ANTIPODES PARTNERS Ltd raised its holdings in shares of Fomento Económico Mexicano by 28.4% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 815,739 shares of the company’s stock valued at $69,743,000 after buying an additional 180,244 shares during the last quarter. Institutional investors own 61.00% of the company’s stock.

Analyst Ratings Changes

FMX has been the topic of several analyst reports. The Goldman Sachs Group lowered 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. Barclays lifted 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 note on Tuesday, March 4th. Finally, UBS Group raised their target price on shares of Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, March 14th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Fomento Económico Mexicano currently has an average rating of “Hold” and a consensus target price of $103.95.

Fomento Económico Mexicano Trading Up 2.5 %

Shares of FMX stock opened at $99.31 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.37. The stock has a 50-day simple moving average of $91.40 and a 200 day simple moving average of $92.43. Fomento Económico Mexicano, S.A.B. de C.V. has a fifty-two week low of $81.08 and a fifty-two week high of $131.11. The stock has a market capitalization of $35.53 billion, a P/E ratio of 25.46, a P/E/G ratio of 5.26 and a beta of 0.87.

Fomento Económico Mexicano (NYSE:FMX) last released its earnings results on Thursday, February 27th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $1.51 by ($1.05). The business had revenue of $9.99 billion for the quarter, compared to analyst estimates of $201.67 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. On average, sell-side analysts expect 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 business also recently announced a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were given a dividend of $0.9201 per share. The ex-dividend date of this dividend was Friday, January 17th. This is a positive change from Fomento Económico Mexicano’s previous dividend of $0.74. Fomento Económico Mexicano’s payout ratio is 11.03%.

Fomento Económico Mexicano Company 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.