Gamco Investors INC. ET AL Has $8.47 Million Stock Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Gamco Investors INC. ET AL lowered its position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,061 shares of the company’s stock after selling 963 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Fomento Económico Mexicano were worth $8,469,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Mariner LLC lifted its stake in Fomento Económico Mexicano by 3.1% in the 4th quarter. Mariner LLC now owns 22,335 shares of the company’s stock worth $1,909,000 after acquiring an additional 674 shares in the last quarter. Barclays PLC increased its holdings in shares of Fomento Económico Mexicano by 28.2% in the 4th quarter. Barclays PLC now owns 92,483 shares of the company’s stock valued at $7,907,000 after purchasing an additional 20,324 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Fomento Económico Mexicano in the fourth quarter worth approximately $813,000. Invesco Ltd. boosted its holdings in shares of Fomento Económico Mexicano by 73.7% during the fourth quarter. Invesco Ltd. now owns 405,757 shares of the company’s stock worth $34,688,000 after purchasing an additional 172,186 shares during the period. Finally, Employees Retirement System of Texas boosted its holdings in shares of Fomento Económico Mexicano by 3.3% during the fourth quarter. Employees Retirement System of Texas now owns 486,584 shares of the company’s stock worth $41,598,000 after purchasing an additional 15,488 shares during the period. Hedge funds and other institutional investors own 61.00% of the company’s stock.

Fomento Económico Mexicano Stock Performance

FMX opened at $103.86 on Thursday. The stock has a 50-day moving average of $95.49 and a 200-day moving average of $92.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.62. Fomento Económico Mexicano, S.A.B. de C.V. has a 52-week low of $81.08 and a 52-week high of $123.09. The company has a market cap of $37.16 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 5.26 and a beta of 0.68.

Fomento Económico Mexicano (NYSE:FMX) last released its earnings results on Thursday, February 27th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($1.05). The firm had revenue of $9.99 billion for the quarter, compared to analyst estimates of $201.67 billion. Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. As a group, equities research analysts forecast that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 earnings per share for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 5th. Stockholders of record on Friday, April 25th will be given a dividend of $1.628 per share. The ex-dividend date of this dividend is Thursday, April 24th. This represents a dividend yield of 1.57%. This is a positive change from Fomento Económico Mexicano’s previous dividend of $0.92. Fomento Económico Mexicano’s dividend payout ratio is currently 11.03%.

Analysts Set New Price Targets

FMX has been the subject of a number of research analyst reports. Barclays increased their target price on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. UBS Group increased their price objective on Fomento Económico Mexicano from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, March 14th. Itau BBA Securities upgraded Fomento Económico Mexicano from a “market perform” rating to an “outperform” rating in a research note on Monday, April 7th. Finally, The Goldman Sachs Group cut their price target on Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.95.

Fomento Económico 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.