8,244 Shares in Fomento Economico Mexicano S.A.B. de C.V. $FMX Bought by Groupama Asset Managment

Groupama Asset Managment bought a new position in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) during the 1st quarter, HoldingsChannel.com reports. The fund bought 8,244 shares of the company’s stock, valued at approximately $825,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Northern Trust Corp boosted its stake in Fomento Economico Mexicano by 4.7% during the first quarter. Northern Trust Corp now owns 462,276 shares of the company’s stock worth $45,109,000 after acquiring an additional 20,688 shares in the last quarter. Brooklyn Investment Group boosted its stake in Fomento Economico Mexicano by 112.4% during the first quarter. Brooklyn Investment Group now owns 722 shares of the company’s stock worth $70,000 after acquiring an additional 382 shares in the last quarter. American Century Companies Inc. boosted its stake in Fomento Economico Mexicano by 2.9% during the first quarter. American Century Companies Inc. now owns 257,496 shares of the company’s stock worth $25,126,000 after acquiring an additional 7,308 shares in the last quarter. Ethic Inc. raised its holdings in Fomento Economico Mexicano by 31.7% during the first quarter. Ethic Inc. now owns 11,752 shares of the company’s stock worth $1,177,000 after buying an additional 2,830 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Fomento Economico Mexicano during the first quarter worth $1,166,000. 61.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Barclays lowered their price objective on shares of Fomento Economico Mexicano from $110.00 to $107.00 and set an “equal weight” rating on the stock in a report on Thursday, July 31st. Wall Street Zen downgraded shares of Fomento Economico Mexicano from a “buy” rating to a “hold” rating in a report on Wednesday, April 30th. UBS Group upped their price objective on shares of Fomento Economico Mexicano from $112.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, July 10th. Finally, Morgan Stanley restated an “equal weight” rating and set a $97.00 price objective (down previously from $132.00) on shares of Fomento Economico Mexicano in a report on Tuesday. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $105.16.

Fomento Economico Mexicano Stock Performance

Shares of FMX stock opened at $86.3140 on Thursday. The firm has a 50-day moving average of $96.68 and a 200-day moving average of $98.22. The company has a market cap of $30.88 billion, a P/E ratio of 29.36, a P/E/G ratio of 3.99 and a beta of 0.66. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.34 and a quick ratio of 1.06. Fomento Economico Mexicano S.A.B. de C.V. has a one year low of $81.07 and a one year high of $111.20.

Fomento Economico Mexicano (NYSE:FMX) last announced its earnings results on Monday, July 28th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.49). The firm had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $216.71 billion. Fomento Economico Mexicano had a net margin of 2.60% and a return on equity of 5.32%. Equities research analysts forecast that Fomento Economico Mexicano S.A.B. de C.V. will post 5.32 EPS for the current fiscal year.

Fomento Economico Mexicano Increases Dividend

The company also recently announced a — dividend, which was paid on Monday, July 28th. Stockholders of record on Thursday, July 17th were issued a $1.3625 dividend. This is an increase from Fomento Economico Mexicano’s previous — dividend of $0.73. This represents a dividend yield of 200.0%. The ex-dividend date was Thursday, July 17th. Fomento Economico Mexicano’s dividend payout ratio is currently 74.83%.

About Fomento Economico Mexicano

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.