Csenge Advisory Group Has $622,000 Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Csenge Advisory Group lifted its position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 22.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,780 shares of the company’s stock after acquiring an additional 1,042 shares during the quarter. Csenge Advisory Group’s holdings in Fomento Económico Mexicano were worth $622,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Baillie Gifford & Co. lifted its holdings in shares of Fomento Económico Mexicano by 53.8% during the fourth quarter. Baillie Gifford & Co. now owns 3,838,639 shares of the company’s stock worth $500,367,000 after purchasing an additional 1,343,165 shares during the period. Hawk Ridge Capital Management LP acquired a new position in Fomento Económico Mexicano during the 4th quarter worth about $79,852,000. Vontobel Asset Management Inc. grew its position in shares of Fomento Económico Mexicano by 1,253.3% in the 4th quarter. Vontobel Asset Management Inc. now owns 362,616 shares of the company’s stock valued at $45,839,000 after buying an additional 335,822 shares during the last quarter. Sustainable Growth Advisers LP increased its stake in shares of Fomento Económico Mexicano by 122.8% in the first quarter. Sustainable Growth Advisers LP now owns 435,906 shares of the company’s stock valued at $56,785,000 after buying an additional 240,256 shares during the period. Finally, Zimmer Partners LP lifted its stake in shares of Fomento Económico Mexicano by 377.8% in the first quarter. Zimmer Partners LP now owns 215,000 shares of the company’s stock worth $28,008,000 after acquiring an additional 170,000 shares during the period.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their price target on shares of Fomento Económico Mexicano from $160.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday, July 15th. Five equities research 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, Fomento Económico Mexicano has an average rating of “Hold” and an average price target of $139.50.

Fomento Económico Mexicano Stock Up 0.7 %

FMX stock opened at $110.59 on Friday. The firm has a market capitalization of $39.57 billion, a PE ratio of 29.97, a P/E/G ratio of 4.08 and a beta of 0.94. The company has a quick ratio of 1.44, a current ratio of 1.72 and a debt-to-equity ratio of 0.36. Fomento Económico Mexicano, S.A.B. de C.V. has a twelve month low of $99.24 and a twelve month high of $143.43. The stock’s 50 day moving average is $110.37 and its 200-day moving average is $120.69.

Fomento Económico Mexicano Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, July 29th. Investors of record on Wednesday, July 17th were given a dividend of $1.0206 per share. This is a positive change 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 (DPR) is presently 14.36%.

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.