Lester Murray Antman dba SimplyRich Raises Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Lester Murray Antman dba SimplyRich lifted its stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 21.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,267 shares of the company’s stock after buying an additional 922 shares during the period. Lester Murray Antman dba SimplyRich’s holdings in Fomento Económico Mexicano were worth $450,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group lifted its stake in 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 in the last quarter. Mather Group LLC. lifted its position in shares of Fomento Económico Mexicano by 179.1% during the fourth quarter. Mather Group LLC. now owns 575 shares of the company’s stock valued at $49,000 after purchasing an additional 369 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Fomento Económico Mexicano during the fourth quarter worth about $51,000. Banque Cantonale Vaudoise purchased a new position in Fomento Económico Mexicano during the third quarter worth about $55,000. Finally, Rosenberg Matthew Hamilton grew its position 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 purchasing an additional 176 shares in the last quarter. Institutional investors own 61.00% of the company’s stock.

Analyst Ratings Changes

FMX has been the topic of several recent analyst reports. StockNews.com raised shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group dropped their price target on Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Finally, Barclays downgraded Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $108.27.

Fomento Económico Mexicano Stock Up 0.7 %

Fomento Económico Mexicano stock opened at $87.80 on Wednesday. The firm has a 50 day moving average price of $86.18 and a 200-day moving average price of $95.31. 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 twelve month low of $81.07 and a twelve month high of $143.43. The company has a market capitalization of $31.41 billion, a P/E ratio of 22.51, a P/E/G ratio of 5.18 and a beta of 0.90.

Fomento Económico Mexicano Increases Dividend

The company 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. This is a positive change from Fomento Económico Mexicano’s previous dividend of $0.74. The ex-dividend date was Friday, January 17th. Fomento Económico Mexicano’s dividend payout ratio is 11.79%.

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.