Natixis Advisors L.P. Purchases 4,990 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Natixis Advisors L.P. lifted its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 8.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,118 shares of the company’s stock after buying an additional 4,990 shares during the quarter. Natixis Advisors L.P.’s holdings in Fomento Económico Mexicano were worth $8,487,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Headlands Technologies LLC lifted its position in shares of Fomento Económico Mexicano by 448.6% during the fourth quarter. Headlands Technologies LLC now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 166 shares during the last quarter. Operose Advisors LLC purchased a new position in Fomento Económico Mexicano in the 3rd quarter worth about $29,000. Van ECK Associates Corp boosted its position in Fomento Económico Mexicano by 48.6% in the 4th quarter. Van ECK Associates Corp now owns 318 shares of the company’s stock valued at $41,000 after buying an additional 104 shares during the period. Assetmark Inc. bought a new position in Fomento Económico Mexicano in the 3rd quarter worth about $36,000. Finally, Systematic Alpha Investments LLC bought a new position in Fomento Económico Mexicano in the 3rd quarter worth about $147,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FMX. HSBC upgraded Fomento Económico Mexicano from a “hold” rating to a “buy” rating and boosted their price target for the company from $124.00 to $152.00 in a report on Friday, February 9th. UBS Group lowered shares of Fomento Económico Mexicano from a “buy” rating to a “neutral” rating in a report on Friday, January 12th. StockNews.com downgraded Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Finally, Bank of America restated a “neutral” rating on shares of Fomento Económico Mexicano in a research note on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $135.75.

Fomento Económico Mexicano Stock Down 0.4 %

Shares of FMX opened at $119.39 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.95 and a quick ratio of 1.63. The company’s fifty day moving average price is $123.73 and its 200-day moving average price is $126.34. Fomento Económico Mexicano, S.A.B. de C.V. has a 1-year low of $95.49 and a 1-year high of $143.43.

Fomento Económico Mexicano (NYSE:FMX) last announced its quarterly earnings data on Friday, February 23rd. The company reported $1.07 earnings per share for the quarter. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $11.21 billion. Fomento Económico Mexicano had a return on equity of 8.20% and a net margin of 2.91%. Sell-side analysts anticipate that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.52 EPS for the current year.

Fomento Económico Mexicano Increases Dividend

The business also recently announced an annual dividend, which was paid on Monday, April 29th. Investors of record on Wednesday, April 17th were issued a dividend of $1.115 per share. This represents a yield of 0.87%. This is a positive change from Fomento Económico Mexicano’s previous annual dividend of $0.74. The ex-dividend date was Tuesday, April 16th. Fomento Económico Mexicano’s dividend payout ratio (DPR) 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.