49,702 Shares in Fomento Economico Mexicano S.A.B. de C.V. $FMX Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. bought a new stake in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 49,702 shares of the company’s stock, valued at approximately $5,118,000.

Several other large investors have also recently bought and sold shares of FMX. Caitong International Asset Management Co. Ltd acquired a new position in shares of Fomento Economico Mexicano in the 1st quarter valued at $29,000. Farther Finance Advisors LLC increased its position in shares of Fomento Economico Mexicano by 41.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after buying an additional 108 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Fomento Economico Mexicano in the 1st quarter valued at $46,000. Banque Cantonale Vaudoise bought a new stake in shares of Fomento Economico Mexicano in the 1st quarter valued at $51,000. Finally, Brooklyn Investment Group increased its position in shares of Fomento Economico Mexicano by 112.4% in the 1st quarter. Brooklyn Investment Group now owns 722 shares of the company’s stock valued at $70,000 after buying an additional 382 shares in the last quarter. Institutional investors own 61.00% of the company’s stock.

Fomento Economico Mexicano Price Performance

Shares of NYSE FMX opened at $93.74 on Friday. The firm has a market cap of $33.54 billion, a PE ratio of 31.89, a PEG ratio of 5.57 and a beta of 0.72. The company has a current ratio of 1.34, a quick ratio of 1.06 and a debt-to-equity ratio of 0.42. Fomento Economico Mexicano S.A.B. de C.V. has a 1-year low of $81.07 and a 1-year high of $108.74. The company has a fifty day moving average price of $90.48 and a 200 day moving average price of $97.94.

Fomento Economico Mexicano (NYSE:FMX) last issued its quarterly 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). Fomento Economico Mexicano had a return on equity of 5.32% and a net margin of 2.60%.The business had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $216.71 billion. Research analysts predict that Fomento Economico Mexicano S.A.B. de C.V. will post 5.32 earnings per share for the current fiscal year.

Fomento Economico Mexicano Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Thursday, October 16th will be given a dividend of $1.9982 per share. This is a boost from Fomento Economico Mexicano’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $7.99 annualized dividend and a yield of 8.5%. Fomento Economico Mexicano’s payout ratio is presently 74.83%.

Analyst Ratings Changes

A number of analysts recently commented on FMX shares. Morgan Stanley restated an “equal weight” rating and issued a $97.00 price objective (down previously from $132.00) on shares of Fomento Economico Mexicano in a research report on Tuesday, August 19th. Zacks Research cut shares of Fomento Economico Mexicano from a “hold” rating to a “strong sell” rating in a research report on Friday, September 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Fomento Economico Mexicano in a research report on Wednesday. UBS Group raised shares of Fomento Economico Mexicano from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $115.00 to $111.00 in a research note on Friday, September 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of Fomento Economico Mexicano from $95.00 to $96.00 and gave the stock a “neutral” rating in a research note on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Fomento Economico Mexicano currently has a consensus rating of “Hold” and a consensus price target of $100.97.

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.