Norden Group LLC Makes New Investment in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Norden Group LLC purchased a new position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,102 shares of the company’s stock, valued at approximately $404,000.

Other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC lifted its holdings in Fomento Económico Mexicano by 448.6% during the 4th quarter. Headlands Technologies LLC now owns 203 shares of the company’s stock worth $26,000 after buying an additional 166 shares during the last quarter. Park Place Capital Corp increased its position in shares of Fomento Económico Mexicano by 78.2% during the first quarter. Park Place Capital Corp now owns 221 shares of the company’s stock worth $29,000 after purchasing an additional 97 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Fomento Económico Mexicano during the first quarter worth about $34,000. Van ECK Associates Corp increased its position in shares of Fomento Económico Mexicano by 48.6% during the fourth quarter. Van ECK Associates Corp now owns 318 shares of the company’s stock worth $41,000 after purchasing an additional 104 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Fomento Económico Mexicano by 22.1% during the fourth quarter. Parallel Advisors LLC now owns 741 shares of the company’s stock worth $97,000 after purchasing an additional 134 shares in the last quarter.

Fomento Económico Mexicano Stock Performance

FMX opened at $115.60 on Friday. The business’s 50-day simple moving average is $112.99 and its 200-day simple moving average is $123.09. The company has a current ratio of 1.95, a quick ratio of 1.63 and a debt-to-equity ratio of 0.34. Fomento Económico Mexicano, S.A.B. de C.V. has a one year low of $99.24 and a one year high of $143.43.

Fomento Económico Mexicano (NYSE:FMX) last posted its earnings results on Friday, April 26th. The company reported $0.47 EPS for the quarter. Fomento Económico Mexicano had a return on equity of 8.20% and a net margin of 2.91%. The business had revenue of $10.76 billion for the quarter. Analysts forecast that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.39 EPS for the current year.

Fomento Económico Mexicano Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, July 29th. Investors of record on Wednesday, July 17th will be given a $1.0206 dividend. This represents a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, July 17th. This is a boost from Fomento Económico Mexicano’s previous semi-annual dividend of $0.74. Fomento Económico Mexicano’s payout ratio is 16.80%.

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.