Atomi Financial Group Inc. Raises Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Atomi Financial Group Inc. grew its position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 13.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,800 shares of the company’s stock after buying an additional 334 shares during the period. Atomi Financial Group Inc.’s holdings in Fomento Económico Mexicano were worth $239,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Baillie Gifford & Co. lifted its holdings in Fomento Económico Mexicano by 10.8% during the 3rd quarter. Baillie Gifford & Co. now owns 4,306,739 shares of the company’s stock worth $425,118,000 after purchasing an additional 421,057 shares in the last quarter. Perpetual Ltd lifted its holdings in Fomento Económico Mexicano by 23.8% during the 4th quarter. Perpetual Ltd now owns 924,669 shares of the company’s stock worth $79,050,000 after purchasing an additional 177,843 shares in the last quarter. FMR LLC lifted its holdings in Fomento Económico Mexicano by 5.3% during the 3rd quarter. FMR LLC now owns 491,582 shares of the company’s stock worth $48,524,000 after purchasing an additional 24,537 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Fomento Económico Mexicano by 740.2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 472,200 shares of the company’s stock worth $50,832,000 after purchasing an additional 416,000 shares in the last quarter. Finally, Carrhae Capital LLP lifted its holdings in Fomento Económico Mexicano by 46.0% during the 3rd quarter. Carrhae Capital LLP now owns 440,036 shares of the company’s stock worth $43,436,000 after purchasing an additional 138,540 shares in the last quarter. Hedge funds and other institutional investors own 61.00% of the company’s stock.

Fomento Económico Mexicano Price Performance

Shares of NYSE FMX opened at $85.25 on Monday. The firm has a market capitalization of $30.50 billion, a P/E ratio of 21.86, a P/E/G ratio of 4.87 and a beta of 0.90. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.37. The stock’s 50-day simple moving average is $86.45 and its two-hundred day simple moving average is $97.69. Fomento Económico Mexicano, S.A.B. de C.V. has a twelve month low of $81.07 and a twelve month high of $143.43.

Fomento Económico Mexicano Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were given a dividend of $0.9201 per share. The ex-dividend date of this dividend was Friday, January 17th. This is a positive change from Fomento Económico Mexicano’s previous dividend of $0.74. Fomento Económico Mexicano’s dividend payout ratio is 20.26%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com raised Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Barclays lowered Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $126.33.

Fomento Económico 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.