Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC lifted its position in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 25.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,778 shares of the company’s stock after acquiring an additional 2,795 shares during the quarter. Cerity Partners LLC’s holdings in Fomento Economico Mexicano were worth $1,344,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FMX. Crossmark Global Holdings Inc. raised its holdings in Fomento Economico Mexicano by 29.3% in the 1st quarter. Crossmark Global Holdings Inc. now owns 26,359 shares of the company’s stock valued at $2,572,000 after acquiring an additional 5,977 shares during the last quarter. Keybank National Association OH raised its holdings in Fomento Economico Mexicano by 1.9% in the 1st quarter. Keybank National Association OH now owns 18,761 shares of the company’s stock valued at $1,831,000 after acquiring an additional 353 shares during the last quarter. Perpetual Ltd increased its holdings in shares of Fomento Economico Mexicano by 5.7% during the 1st quarter. Perpetual Ltd now owns 977,342 shares of the company’s stock worth $95,369,000 after buying an additional 52,673 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Fomento Economico Mexicano by 27.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 833,238 shares of the company’s stock worth $81,307,000 after buying an additional 178,460 shares during the last quarter. Finally, Value Partners Investments Inc. acquired a new stake in shares of Fomento Economico Mexicano during the 1st quarter worth $9,339,000. Hedge funds and other institutional investors own 61.00% of the company’s stock.

Fomento Economico Mexicano Price Performance

NYSE FMX opened at $99.86 on Tuesday. Fomento Economico Mexicano S.A.B. de C.V. has a 52 week low of $81.08 and a 52 week high of $119.18. The company has a market cap of $35.73 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 3.13 and a beta of 0.65. The company has a quick ratio of 1.31, a current ratio of 1.64 and a debt-to-equity ratio of 0.34. The firm’s 50-day simple moving average is $103.82 and its two-hundred day simple moving average is $97.47.

Fomento Economico Mexicano (NYSE:FMX) last issued its earnings results on Monday, April 28th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.07). Fomento Economico Mexicano had a return on equity of 7.86% and a net margin of 3.98%. The firm had revenue of $9.65 billion during the quarter, compared to the consensus estimate of $194.75 billion. Research analysts predict that Fomento Economico Mexicano S.A.B. de C.V. will post 5.32 earnings per share for the current year.

Fomento Economico Mexicano Increases Dividend

The firm also recently announced a — dividend, which will be paid on Monday, July 28th. Shareholders of record on Thursday, July 17th will be given a $1.3625 dividend. This is a positive change from Fomento Economico Mexicano’s previous — dividend of $0.73. The ex-dividend date is Thursday, July 17th. This represents a yield of 2%. Fomento Economico Mexicano’s payout ratio is 49.44%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wall Street Zen cut shares of Fomento Economico Mexicano from a “buy” rating to a “hold” rating in a research report on Wednesday, April 30th. UBS Group lifted their price target on Fomento Economico Mexicano from $112.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, July 10th. Itau BBA Securities upgraded shares of Fomento Economico Mexicano from a “market perform” rating to an “outperform” rating in a research note on Monday, April 7th. Finally, Barclays lifted their price target on shares of Fomento Economico Mexicano from $102.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Monday, May 12th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Fomento Economico Mexicano has a consensus rating of “Hold” and an average price target of $107.45.

Fomento Economico 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.