Cerity Partners LLC Makes New $213,000 Investment in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Cerity Partners LLC 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 and Exchange Commission. The firm acquired 1,636 shares of the company’s stock, valued at approximately $213,000.

Several other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in Fomento Económico Mexicano by 4.0% during the 4th quarter. Blue Trust Inc. now owns 2,855 shares of the company’s stock worth $372,000 after buying an additional 109 shares during the period. River Road Asset Management LLC grew its holdings in shares of Fomento Económico Mexicano by 5.3% during the 3rd quarter. River Road Asset Management LLC now owns 2,305 shares of the company’s stock worth $252,000 after purchasing an additional 115 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in shares of Fomento Económico Mexicano by 6.0% during the 3rd quarter. Kestra Advisory Services LLC now owns 2,495 shares of the company’s stock worth $272,000 after purchasing an additional 142 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Fomento Económico Mexicano by 12.5% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,462 shares of the company’s stock worth $160,000 after purchasing an additional 162 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in shares of Fomento Económico Mexicano by 6.5% during the 3rd quarter. Panagora Asset Management Inc. now owns 2,769 shares of the company’s stock worth $302,000 after purchasing an additional 169 shares in the last quarter.

Fomento Económico Mexicano Stock Down 0.0 %

NYSE:FMX opened at $118.92 on Tuesday. The stock’s 50-day simple moving average is $124.67 and its 200 day simple moving average is $125.73. The company has a quick ratio of 1.63, a current ratio of 1.95 and a debt-to-equity ratio of 0.34. Fomento Económico Mexicano, S.A.B. de C.V. has a twelve month low of $95.40 and a twelve month high of $143.43.

Fomento Económico Mexicano (NYSE:FMX) last released its quarterly earnings data on Friday, April 26th. The company reported $0.47 earnings per share for the quarter. The business had revenue of $10.76 billion for the quarter. Fomento Económico Mexicano had a return on equity of 8.20% and a net margin of 2.91%. Equities analysts predict that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.52 earnings per share for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The company also recently announced an annual dividend, which was paid on Monday, April 29th. Shareholders of record on Wednesday, April 17th were given a $1.115 dividend. The ex-dividend date was Tuesday, April 16th. This is an increase from Fomento Económico Mexicano’s previous annual dividend of $0.74. This represents a yield of 0.87%. Fomento Económico Mexicano’s dividend payout ratio (DPR) is currently 16.80%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Bank of America reissued a “neutral” rating on shares of Fomento Económico Mexicano in a report on Monday, February 26th. HSBC raised Fomento Económico Mexicano from a “hold” rating to a “buy” rating and increased their target price for the stock from $124.00 to $152.00 in a report on Friday, February 9th. UBS Group lowered Fomento Económico Mexicano from a “buy” rating to a “neutral” rating in a report on Friday, January 12th. Finally, StockNews.com lowered Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Fomento Económico Mexicano has a consensus rating of “Hold” and a consensus target price of $135.75.

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.