Fielder Capital Group LLC Has $271,000 Stock Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Fielder Capital Group LLC raised its position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 40.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,168 shares of the company’s stock after buying an additional 917 shares during the period. Fielder Capital Group LLC’s holdings in Fomento Económico Mexicano were worth $271,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group boosted its holdings in shares of Fomento Económico Mexicano by 82.8% in the 4th quarter. Brooklyn Investment Group now owns 340 shares of the company’s stock worth $29,000 after acquiring an additional 154 shares in the last quarter. Mather Group LLC. boosted its stake in Fomento Económico Mexicano by 179.1% in the fourth quarter. Mather Group LLC. now owns 575 shares of the company’s stock worth $49,000 after purchasing an additional 369 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Fomento Económico Mexicano in the fourth quarter worth $51,000. Banque Cantonale Vaudoise bought a new stake in shares of Fomento Económico Mexicano during the third quarter worth $55,000. Finally, Rosenberg Matthew Hamilton increased its stake in shares of Fomento Económico Mexicano by 30.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company’s stock valued at $65,000 after buying an additional 176 shares in the last quarter. 61.00% of the stock is owned by institutional investors.

Fomento Económico Mexicano Stock Up 5.1 %

Shares of NYSE FMX opened at $94.00 on Friday. Fomento Económico Mexicano, S.A.B. de C.V. has a 1 year low of $81.07 and a 1 year high of $131.56. The firm’s 50-day moving average is $86.49 and its 200-day moving average is $93.78. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $33.63 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 5.26 and a beta of 0.90.

Fomento Económico Mexicano (NYSE:FMX) last released its earnings results on Thursday, February 27th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($1.05). Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. Equities analysts expect that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 EPS for the current year.

Fomento Económico Mexicano Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were paid a $0.9201 dividend. 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 presently 11.79%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FMX. The Goldman Sachs Group reduced their price target on shares of 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. StockNews.com upgraded shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, Barclays lowered shares of Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 21st.

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.