Fomento Economico Mexicano S.A.B. de C.V. $FMX Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its position in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 45.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,446 shares of the company’s stock after purchasing an additional 6,349 shares during the quarter. Quantinno Capital Management LP’s holdings in Fomento Economico Mexicano were worth $2,271,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nuveen LLC boosted its position in Fomento Economico Mexicano by 2.4% in the fourth quarter. Nuveen LLC now owns 3,850,882 shares of the company’s stock valued at $389,209,000 after buying an additional 88,721 shares during the last quarter. Invesco Ltd. lifted its stake in Fomento Economico Mexicano by 18.9% during the 4th quarter. Invesco Ltd. now owns 1,244,820 shares of the company’s stock valued at $125,814,000 after acquiring an additional 197,914 shares during the period. Bank of America Corp DE boosted its holdings in shares of Fomento Economico Mexicano by 21.2% in the 3rd quarter. Bank of America Corp DE now owns 758,186 shares of the company’s stock valued at $74,780,000 after acquiring an additional 132,440 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Fomento Economico Mexicano by 11,692.3% in the 2nd quarter. AQR Capital Management LLC now owns 716,029 shares of the company’s stock valued at $73,171,000 after acquiring an additional 709,957 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of Fomento Economico Mexicano by 9.8% in the third quarter. Lazard Asset Management LLC now owns 675,809 shares of the company’s stock worth $66,655,000 after acquiring an additional 60,101 shares during the period. Institutional investors and hedge funds own 61.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on FMX shares. Deutsche Bank Aktiengesellschaft set a $150.00 target price on shares of Fomento Economico Mexicano in a report on Tuesday, August 4th. Barclays increased their price target on Fomento Economico Mexicano from $125.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. UBS Group reiterated a “neutral” rating and set a $139.00 price objective on shares of Fomento Economico Mexicano in a research note on Thursday, August 6th. Zacks Research cut Fomento Economico Mexicano from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Fomento Economico Mexicano in a research note on Friday. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $127.12.

Fomento Economico Mexicano Trading Down 2.2%

FMX stock opened at $119.74 on Tuesday. Fomento Economico Mexicano S.A.B. de C.V. has a 52-week low of $83.08 and a 52-week high of $141.47. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.41. The firm has a market cap of $41.37 billion, a P/E ratio of 23.95, a PEG ratio of 0.68 and a beta of 0.40. The company’s 50-day simple moving average is $126.67 and its 200-day simple moving average is $117.97.

Fomento Economico Mexicano (NYSE:FMX) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.93 earnings per share for the quarter. The firm had revenue of $13.20 billion during the quarter. Fomento Economico Mexicano had a return on equity of 8.38% and a net margin of 3.60%. As a group, equities analysts forecast that Fomento Economico Mexicano S.A.B. de C.V. will post 6.09 EPS for the current fiscal year.

Fomento Economico Mexicano Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Wednesday, July 15th were given a $1.827 dividend. This represents a $7.31 dividend on an annualized basis and a dividend yield of 6.1%. This is a boost from Fomento Economico Mexicano’s previous quarterly dividend of $0.67. The ex-dividend date was Wednesday, July 15th. Fomento Economico Mexicano’s dividend payout ratio (DPR) is presently 48.60%.

Fomento Economico Mexicano Company Profile

Fomento Económico Mexicano, SAB. de C.V. (FEMSA) is a Mexican multinational company active primarily in the retail and beverage sectors. Headquartered in Monterrey, Mexico, FEMSA’s operations span convenience store retailing, beverage bottling and distribution, and related logistics and consumer services. The company’s business model combines high-frequency retail outlets with large-scale beverage production and a regional supply chain network.

FEMSA Comercio, the company’s retail arm, operates a large chain of convenience stores under the OXXO brand and has expanded its retail footprint with complementary formats and services.