39,105 Shares in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 39,105 shares of the company’s stock, valued at approximately $5,097,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Advisory Services Network LLC lifted its position in Fomento Económico Mexicano by 44.3% during the 1st quarter. Advisory Services Network LLC now owns 342 shares of the company’s stock worth $33,000 after acquiring an additional 105 shares in the last quarter. Blue Trust Inc. lifted its position in Fomento Económico Mexicano by 4.0% during the 4th quarter. Blue Trust Inc. now owns 2,855 shares of the company’s stock worth $372,000 after acquiring an additional 109 shares in the last quarter. River Road Asset Management LLC lifted its position in Fomento Económico Mexicano by 5.3% during the 3rd quarter. River Road Asset Management LLC now owns 2,305 shares of the company’s stock worth $252,000 after acquiring an additional 115 shares in the last quarter. First Horizon Advisors Inc. lifted its position in Fomento Económico Mexicano by 14.3% during the 1st quarter. First Horizon Advisors Inc. now owns 1,052 shares of the company’s stock worth $100,000 after acquiring an additional 132 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its position in Fomento Económico Mexicano by 6.0% during the 3rd quarter. Kestra Advisory Services LLC now owns 2,495 shares of the company’s stock worth $272,000 after acquiring an additional 142 shares in the last quarter.

Fomento Económico Mexicano Price Performance

Shares of FMX opened at $122.96 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.60 and a current ratio of 1.91. Fomento Económico Mexicano, S.A.B. de C.V. has a 12 month low of $91.71 and a 12 month high of $143.43. The stock has a fifty day moving average price of $128.90 and a 200 day moving average price of $124.97.

Fomento Económico Mexicano (NYSE:FMX) last announced its quarterly earnings results on Friday, February 23rd. The company reported $1.07 earnings per share (EPS) for the quarter. Fomento Económico Mexicano had a return on equity of 9.63% and a net margin of 8.53%. The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $11.21 billion. As a group, sell-side analysts anticipate that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.7 EPS for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, April 29th. Shareholders of record on Wednesday, April 17th will be given a dividend of $1.115 per share. This represents a yield of 0.87%. The ex-dividend date is Tuesday, April 16th. This is a positive change from Fomento Económico Mexicano’s previous annual dividend of $0.74. Fomento Económico Mexicano’s payout ratio is 17.39%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on FMX shares. HSBC upgraded Fomento Económico Mexicano from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $124.00 to $152.00 in a report on Friday, February 9th. Bank of America restated a “neutral” rating on shares of Fomento Económico Mexicano in a report on Monday, February 26th. StockNews.com downgraded Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Finally, UBS Group downgraded Fomento Económico Mexicano from a “buy” rating to a “neutral” rating in a report on Friday, January 12th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Fomento Económico Mexicano currently has an average rating of “Hold” and an average target price of $135.75.

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.