Stephens Inc. AR Purchases 1,372 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Stephens Inc. AR raised its position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 30.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,816 shares of the company’s stock after buying an additional 1,372 shares during the quarter. Stephens Inc. AR’s holdings in Fomento Económico Mexicano were worth $497,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FMX. Blue Trust Inc. increased its holdings in Fomento Económico Mexicano by 71.1% in the 3rd quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock valued at $725,000 after buying an additional 2,801 shares during the period. Carrhae Capital LLP increased its holdings in Fomento Económico Mexicano by 46.0% in the 3rd quarter. Carrhae Capital LLP now owns 440,036 shares of the company’s stock valued at $43,436,000 after buying an additional 138,540 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in Fomento Económico Mexicano by 9.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,479 shares of the company’s stock valued at $245,000 after buying an additional 204 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Fomento Económico Mexicano during the 3rd quarter valued at approximately $2,991,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Fomento Económico Mexicano by 201.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 55,822 shares of the company’s stock valued at $5,510,000 after purchasing an additional 37,325 shares during the last quarter. 61.00% of the stock is owned by institutional investors.

Fomento Económico Mexicano Trading Up 1.5 %

FMX opened at $91.10 on Friday. Fomento Económico Mexicano, S.A.B. de C.V. has a fifty-two week low of $81.07 and a fifty-two week high of $143.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32. The firm has a market capitalization of $32.59 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 5.18 and a beta of 0.90. The company’s 50 day moving average price is $86.07 and its two-hundred day moving average price is $95.08.

Fomento Económico Mexicano Increases Dividend

The firm also recently announced 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. This is a positive change from Fomento Económico Mexicano’s previous dividend of $0.74. The ex-dividend date of this dividend was Friday, January 17th. Fomento Económico Mexicano’s payout ratio is presently 11.79%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FMX. The Goldman Sachs Group decreased 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 report on Tuesday, January 28th. Barclays lowered shares of Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 21st. Finally, StockNews.com raised shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $108.27.

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.