Whittier Trust Co. of Nevada Inc. Has $281,000 Stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Whittier Trust Co. of Nevada Inc. raised its stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 32.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,282 shares of the company’s stock after purchasing an additional 803 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Fomento Económico Mexicano were worth $281,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Whittier Trust Co. boosted its stake in Fomento Económico Mexicano by 45.2% during the 4th quarter. Whittier Trust Co. now owns 9,962 shares of the company’s stock valued at $852,000 after purchasing an additional 3,099 shares during the last quarter. Corient Private Wealth LLC boosted its stake in Fomento Económico Mexicano by 15.4% during the 4th quarter. Corient Private Wealth LLC now owns 5,147 shares of the company’s stock valued at $440,000 after purchasing an additional 686 shares during the last quarter. Brandes Investment Partners LP boosted its stake in Fomento Económico Mexicano by 163.5% during the 4th quarter. Brandes Investment Partners LP now owns 22,189 shares of the company’s stock valued at $1,897,000 after purchasing an additional 13,768 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in Fomento Económico Mexicano by 20.5% during the 4th quarter. First Eagle Investment Management LLC now owns 12,655,733 shares of the company’s stock valued at $1,081,939,000 after purchasing an additional 2,150,913 shares during the last quarter. Finally, Madison Investment Advisors LLC acquired a new position in Fomento Económico Mexicano during the 4th quarter valued at about $2,004,000. Institutional investors and hedge funds own 61.00% of the company’s stock.

Fomento Económico Mexicano Trading Down 1.4 %

NYSE:FMX opened at $97.29 on Monday. 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 stock has a market capitalization of $34.81 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 5.26 and a beta of 0.87. The firm’s 50 day moving average is $90.26 and its 200 day moving average is $92.43. Fomento Económico Mexicano, S.A.B. de C.V. has a 12 month low of $81.08 and a 12 month high of $131.56.

Fomento Económico Mexicano (NYSE:FMX) last posted its quarterly 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). The company had revenue of $9.99 billion during the quarter, compared to the consensus estimate of $201.67 billion. Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. Sell-side analysts expect that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 earnings per share for the current year.

Fomento Económico Mexicano Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were issued a $0.9201 dividend. The ex-dividend date was Friday, January 17th. This is a boost from Fomento Económico Mexicano’s previous dividend of $0.74. Fomento Económico Mexicano’s payout ratio is 11.03%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Barclays boosted their target price on Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. UBS Group boosted their target price on Fomento Económico Mexicano from $94.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, March 14th. Finally, The Goldman Sachs Group cut their target price on Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $103.95.

Fomento Económico Mexicano 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.