Headlands Technologies LLC Grows Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Headlands Technologies LLC boosted its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 2,480.8% in the 1st quarter, HoldingsChannel reports. The fund owned 5,239 shares of the company’s stock after acquiring an additional 5,036 shares during the quarter. Headlands Technologies LLC’s holdings in Fomento Económico Mexicano were worth $682,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of FMX. American Century Companies Inc. increased its position in Fomento Económico Mexicano by 5.8% during the 3rd quarter. American Century Companies Inc. now owns 74,057 shares of the company’s stock worth $8,083,000 after purchasing an additional 4,050 shares in the last quarter. Dfpg Investments LLC increased its position in Fomento Económico Mexicano by 8.2% during the 4th quarter. Dfpg Investments LLC now owns 5,573 shares of the company’s stock worth $710,000 after purchasing an additional 421 shares in the last quarter. Whittier Trust Co. increased its position in Fomento Económico Mexicano by 36.3% during the 4th quarter. Whittier Trust Co. now owns 4,269 shares of the company’s stock worth $556,000 after purchasing an additional 1,137 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. purchased a new stake in Fomento Económico Mexicano during the 4th quarter worth about $699,000. Finally, SG Americas Securities LLC increased its position in Fomento Económico Mexicano by 26.4% during the 4th quarter. SG Americas Securities LLC now owns 8,536 shares of the company’s stock worth $1,113,000 after purchasing an additional 1,785 shares in the last quarter.

Fomento Económico Mexicano Stock Up 1.7 %

FMX stock traded up $1.94 during midday trading on Tuesday, hitting $117.55. 403,173 shares of the company’s stock were exchanged, compared to its average volume of 694,191. The company has a current ratio of 1.95, a quick ratio of 1.63 and a debt-to-equity ratio of 0.34. Fomento Económico Mexicano, S.A.B. de C.V. has a 12-month low of $99.24 and a 12-month high of $143.43. The firm has a 50 day moving average price of $112.89 and a 200-day moving average price of $122.77. The stock has a market capitalization of $42.06 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 4.40 and a beta of 0.94.

Fomento Económico Mexicano (NYSE:FMX) last posted its quarterly earnings data on Friday, April 26th. The company reported $0.47 earnings per share (EPS) for the quarter. Fomento Económico Mexicano had a return on equity of 8.20% and a net margin of 2.91%. The company had revenue of $10.76 billion for the quarter. On average, analysts anticipate that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.33 EPS for the current year.

Fomento Económico Mexicano Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 17th will be issued a $1.0206 dividend. This represents a dividend yield of 1.5%. This is an increase from Fomento Económico Mexicano’s previous semi-annual dividend of $0.74. The ex-dividend date of this dividend is Wednesday, July 17th. Fomento Económico Mexicano’s payout ratio is 16.80%.

Analysts Set New Price Targets

Separately, Barclays dropped their price objective on Fomento Económico Mexicano from $160.00 to $145.00 and set an “overweight” rating for the company in a research report on Monday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $139.50.

About Fomento Económico 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.