Parallel Advisors LLC Grows Stock Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Parallel Advisors LLC increased its stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMXFree Report) by 22.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 741 shares of the company’s stock after buying an additional 134 shares during the period. Parallel Advisors LLC’s holdings in Fomento Económico Mexicano were worth $97,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC boosted its holdings in 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 buying an additional 166 shares in the last quarter. Operose Advisors LLC purchased a new stake in shares of Fomento Económico Mexicano in the third quarter valued at about $29,000. Van ECK Associates Corp lifted its holdings in shares of Fomento Económico Mexicano by 48.6% in the fourth quarter. Van ECK Associates Corp now owns 318 shares of the company’s stock valued at $41,000 after purchasing an additional 104 shares in the last quarter. Systematic Alpha Investments LLC purchased a new stake in shares of Fomento Económico Mexicano in the third quarter valued at about $147,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Fomento Económico Mexicano by 6.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the company’s stock valued at $153,000 after purchasing an additional 72 shares in the last quarter.

Fomento Económico Mexicano Stock Performance

Shares of FMX opened at $113.77 on Thursday. Fomento Económico Mexicano, S.A.B. de C.V. has a 1 year low of $99.24 and a 1 year high of $143.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.63 and a current ratio of 1.95. The company’s 50 day simple moving average is $120.30 and its 200 day simple moving average is $126.48. The company has a market capitalization of $40.71 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 3.89 and a beta of 0.94.

Fomento Económico Mexicano (NYSE:FMXGet Free Report) last issued its quarterly earnings results on Friday, April 26th. The company reported $0.47 EPS for the quarter. Fomento Económico Mexicano had a net margin of 2.91% and a return on equity of 8.20%. The firm had revenue of $10.76 billion during the quarter. On average, sell-side analysts predict that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.43 EPS for the current year.

Fomento Económico Mexicano Increases Dividend

The business also recently declared an annual dividend, which was paid on Monday, April 29th. Investors of record on Wednesday, April 17th were given a dividend of $1.115 per share. This is a positive change from Fomento Económico Mexicano’s previous annual dividend of $0.74. The ex-dividend date of this dividend was Tuesday, April 16th. This represents a yield of 0.87%. Fomento Económico Mexicano’s dividend payout ratio is 16.80%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FMX. StockNews.com downgraded shares of Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a report on Monday, February 26th. HSBC raised shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating and upped their price objective for the company from $124.00 to $152.00 in a research note on Friday, February 9th. Finally, Bank of America reissued a “neutral” rating on shares of Fomento Económico Mexicano in a research note on Monday, February 26th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $135.75.

Check Out Our Latest Report on FMX

About Fomento Económico Mexicano

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Fomento Económico Mexicano (NYSE:FMX)

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