2,028 Shares in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) Acquired by Cable Hill Partners LLC

Cable Hill Partners LLC bought a new stake in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,028 shares of the company’s stock, valued at approximately $217,000.

A number of other large investors have also recently bought and sold shares of the stock. Stephens Inc. AR grew its holdings in Fomento Economico Mexicano by 2.1% during the 1st quarter. Stephens Inc. AR now owns 5,937 shares of the company’s stock valued at $579,000 after buying an additional 121 shares during the last quarter. Franklin Resources Inc. grew its holdings in Fomento Economico Mexicano by 4.2% during the 4th quarter. Franklin Resources Inc. now owns 3,117 shares of the company’s stock valued at $266,000 after buying an additional 125 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Fomento Economico Mexicano by 5.8% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,015 shares of the company’s stock valued at $429,000 after buying an additional 274 shares during the last quarter. Parallel Advisors LLC grew its holdings in Fomento Economico Mexicano by 56.2% during the 1st quarter. Parallel Advisors LLC now owns 831 shares of the company’s stock valued at $81,000 after buying an additional 299 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in Fomento Economico Mexicano by 1.3% during the 1st quarter. Fifth Third Bancorp now owns 26,474 shares of the company’s stock valued at $2,583,000 after buying an additional 340 shares during the last quarter. Institutional investors and hedge funds own 61.00% of the company’s stock.

Fomento Economico Mexicano Trading Up 1.2%

Shares of Fomento Economico Mexicano stock opened at $99.39 on Thursday. Fomento Economico Mexicano S.A.B. de C.V. has a fifty-two week low of $81.08 and a fifty-two week high of $119.18. The firm has a market cap of $35.56 billion, a PE ratio of 22.23, a P/E/G ratio of 3.09 and a beta of 0.65. The business’s fifty day moving average is $103.90 and its two-hundred day moving average is $97.11. The company has a quick ratio of 1.31, a current ratio of 1.64 and a debt-to-equity ratio of 0.34.

Fomento Economico Mexicano (NYSE:FMX) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.07). The business had revenue of $9.65 billion for the quarter, compared to analysts’ expectations of $194.75 billion. Fomento Economico Mexicano had a return on equity of 7.86% and a net margin of 3.98%. Analysts anticipate 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 company also recently announced a — dividend, which will be paid on Monday, July 28th. Investors 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. This represents a dividend yield of 2%. The ex-dividend date of this dividend is Thursday, July 17th. Fomento Economico Mexicano’s dividend payout ratio (DPR) is 11.41%.

Analyst Upgrades and Downgrades

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

Fomento Economico 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.