Park Place Capital Corp Buys 97 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Park Place Capital Corp boosted its stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMXFree Report) by 78.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 221 shares of the company’s stock after acquiring an additional 97 shares during the quarter. Park Place Capital Corp’s holdings in Fomento Económico Mexicano were worth $29,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FMX. Headlands Technologies LLC lifted its position in Fomento Económico Mexicano by 448.6% in the 4th quarter. Headlands Technologies LLC now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 166 shares in the last quarter. Mather Group LLC. acquired a new stake in Fomento Económico Mexicano in the 1st quarter valued at $34,000. Van ECK Associates Corp increased its stake 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 last quarter. Parallel Advisors LLC increased its stake in Fomento Económico Mexicano by 22.1% in the 4th quarter. Parallel Advisors LLC now owns 741 shares of the company’s stock valued at $97,000 after buying an additional 134 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Fomento Económico Mexicano by 6.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the company’s stock valued at $153,000 after buying an additional 72 shares during the last quarter.

Fomento Económico Mexicano Price Performance

Shares of FMX stock opened at $107.46 on Wednesday. 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 1 year low of $99.24 and a 1 year high of $143.43. The firm’s fifty day moving average price is $114.20 and its two-hundred day moving average price is $124.18.

Fomento Económico Mexicano (NYSE:FMXGet Free Report) last issued its quarterly earnings results on Friday, April 26th. The company reported $0.47 earnings per share (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 for the quarter. As a group, analysts expect 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 firm also recently declared an annual dividend, which was paid on Monday, April 29th. Shareholders of record on Wednesday, April 17th were paid a $1.115 dividend. This is a positive change from Fomento Económico Mexicano’s previous annual dividend of $0.74. This represents a yield of 0.87%. The ex-dividend date was Tuesday, April 16th. Fomento Económico Mexicano’s payout ratio is presently 16.80%.

Fomento Económico Mexicano Company Profile

(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.

Further Reading

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

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