Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Shares Bought by Whittier Trust Co.

Whittier Trust Co. raised its position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 45.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,962 shares of the company’s stock after buying an additional 3,099 shares during the period. Whittier Trust Co.’s holdings in Fomento Económico Mexicano were worth $852,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of FMX. Brooklyn Investment Group boosted its holdings 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 during the period. Banque Cantonale Vaudoise purchased a new position in shares of Fomento Económico Mexicano in the third quarter valued at approximately $55,000. Mather Group LLC. grew its holdings in shares of Fomento Económico Mexicano by 179.1% in 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 stake in Fomento Económico Mexicano during the 4th quarter worth approximately $51,000. Finally, Rosenberg Matthew Hamilton lifted its holdings in Fomento Económico Mexicano by 30.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company’s stock worth $65,000 after buying an additional 176 shares in the last quarter. 61.00% of the stock is owned by institutional investors and hedge funds.

Fomento Económico Mexicano Price Performance

Fomento Económico Mexicano stock opened at $97.29 on Friday. The stock has a market cap of $34.81 billion, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 5.26 and a beta of 0.87. The company has a fifty day simple moving average of $90.26 and a 200-day simple moving average of $92.50. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37. 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 released its quarterly earnings data on Thursday, February 27th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($1.05). Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. The business had revenue of $9.99 billion for the quarter, compared to analyst estimates of $201.67 billion. Equities analysts expect that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 EPS for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The business 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. 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 dividend payout ratio (DPR) is presently 11.03%.

Wall Street Analysts Forecast Growth

Several research firms have commented on FMX. Barclays boosted their price target on shares of 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. The Goldman Sachs Group lowered their target price on Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Finally, UBS Group increased their price target on Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, March 14th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Fomento Económico Mexicano has a consensus rating of “Hold” and a consensus target price of $103.95.

About Fomento Económico Mexicano

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.