Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Stake Boosted by Profund Advisors LLC

Profund Advisors LLC raised its position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 3.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,243 shares of the company’s stock after buying an additional 226 shares during the quarter. Profund Advisors LLC’s holdings in Fomento Económico Mexicano were worth $780,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FMX. Park Place Capital Corp lifted its position in shares of Fomento Económico Mexicano by 78.2% in the 1st quarter. Park Place Capital Corp now owns 221 shares of the company’s stock valued at $29,000 after acquiring an additional 97 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Fomento Económico Mexicano in the first quarter valued at $34,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Fomento Económico Mexicano in the second quarter worth $51,000. Parallel Advisors LLC grew its holdings in shares of Fomento Económico Mexicano by 22.1% during the fourth quarter. Parallel Advisors LLC now owns 741 shares of the company’s stock valued at $97,000 after buying an additional 134 shares in the last quarter. Finally, CWM LLC raised its position in Fomento Económico Mexicano by 28.7% during the second quarter. CWM LLC now owns 956 shares of the company’s stock valued at $103,000 after buying an additional 213 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have commented on FMX shares. StockNews.com lowered Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. cut shares of Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $104.00 to $109.00 in a report on Monday. Finally, Barclays dropped their price objective on shares of Fomento Económico Mexicano from $160.00 to $145.00 and set an “overweight” rating on the stock in a research note on Monday, July 15th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $133.40.

Fomento Económico Mexicano Price Performance

Shares of FMX opened at $100.99 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 1.72. The firm has a market cap of $36.13 billion, a PE ratio of 27.37, a PEG ratio of 5.75 and a beta of 0.94. Fomento Económico Mexicano, S.A.B. de C.V. has a twelve month low of $98.97 and a twelve month high of $143.43. The firm’s 50 day moving average price is $107.36 and its 200 day moving average price is $114.18.

Fomento Económico Mexicano (NYSE:FMX) last posted its earnings results on Wednesday, July 24th. The company reported $1.87 earnings per share for the quarter. The firm had revenue of $11.54 billion during the quarter. Fomento Económico Mexicano had a return on equity of 8.65% and a net margin of 3.75%. As a group, research analysts expect that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.44 EPS for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, July 29th. Investors of record on Wednesday, July 17th were issued a dividend of $1.0206 per share. This is an increase from Fomento Económico Mexicano’s previous semi-annual dividend of $0.74. This represents a dividend yield of 1.5%. The ex-dividend date was Wednesday, July 17th. Fomento Económico Mexicano’s dividend payout ratio is currently 14.36%.

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.