SG Americas Securities LLC Increases Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

SG Americas Securities LLC grew its holdings in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 52.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,992 shares of the company’s stock after purchasing an additional 1,379 shares during the period. SG Americas Securities LLC’s holdings in Fomento Económico Mexicano were worth $341,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FMX. Sanctuary Advisors LLC bought a new stake in Fomento Económico Mexicano in the second quarter worth $577,000. Perpetual Ltd raised its position in shares of Fomento Económico Mexicano by 9.4% in the 3rd quarter. Perpetual Ltd now owns 746,826 shares of the company’s stock worth $73,719,000 after purchasing an additional 64,291 shares during the last quarter. Northcape Capital Pty Ltd boosted its stake in Fomento Económico Mexicano by 0.9% in the 3rd quarter. Northcape Capital Pty Ltd now owns 346,169 shares of the company’s stock worth $34,170,000 after purchasing an additional 3,125 shares in the last quarter. Blue Trust Inc. grew its position in Fomento Económico Mexicano by 71.1% during the 3rd quarter. Blue Trust Inc. now owns 6,738 shares of the company’s stock valued at $725,000 after purchasing an additional 2,801 shares during the last quarter. Finally, Carrhae Capital LLP increased its stake in Fomento Económico Mexicano by 46.0% during the 3rd quarter. Carrhae Capital LLP now owns 440,036 shares of the company’s stock valued at $43,436,000 after purchasing an additional 138,540 shares in the last quarter. 61.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Barclays cut shares of Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 21st. StockNews.com upgraded Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group lowered their price target on Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating on the stock in a report 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $119.20.

Fomento Económico Mexicano Trading Up 1.2 %

Shares of FMX stock opened at $85.91 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37. Fomento Económico Mexicano, S.A.B. de C.V. has a 12-month low of $81.07 and a 12-month high of $143.43. The stock has a market capitalization of $30.74 billion, a P/E ratio of 22.03, a P/E/G ratio of 4.92 and a beta of 0.90. The firm’s 50 day moving average is $86.19 and its 200 day moving average is $96.27.

Fomento Económico Mexicano Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were paid a $0.9201 dividend. This is an increase from Fomento Económico Mexicano’s previous dividend of $0.74. The ex-dividend date of this dividend was Friday, January 17th. Fomento Económico Mexicano’s dividend payout ratio (DPR) is 11.79%.

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.