R Squared Ltd Purchases Shares of 1,380 Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

R Squared Ltd acquired a new stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMXFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,380 shares of the company’s stock, valued at approximately $118,000.

A number of other institutional investors have also modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of Fomento Económico Mexicano by 14.1% during the 4th quarter. Blue Trust Inc. now owns 7,686 shares of the company’s stock valued at $657,000 after acquiring an additional 948 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Fomento Económico Mexicano during the fourth quarter worth about $51,000. SG Americas Securities LLC lifted its stake in shares of Fomento Económico Mexicano by 52.8% during the fourth quarter. SG Americas Securities LLC now owns 3,992 shares of the company’s stock worth $341,000 after purchasing an additional 1,379 shares in the last quarter. Atomi Financial Group Inc. boosted its position in shares of Fomento Económico Mexicano by 13.5% in the fourth quarter. Atomi Financial Group Inc. now owns 2,800 shares of the company’s stock worth $239,000 after buying an additional 334 shares during the period. Finally, Perpetual Ltd raised its holdings in shares of Fomento Económico Mexicano by 23.8% during the 4th quarter. Perpetual Ltd now owns 924,669 shares of the company’s stock valued at $79,050,000 after buying an additional 177,843 shares during the period. Hedge funds and other institutional investors own 61.00% of the company’s stock.

Fomento Económico Mexicano Price Performance

FMX opened at $87.24 on Friday. 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 company’s 50-day moving average price is $86.28 and its 200 day moving average price is $97.06. Fomento Económico Mexicano, S.A.B. de C.V. has a fifty-two week low of $81.07 and a fifty-two week high of $143.43. The firm has a market cap of $31.21 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 4.87 and a beta of 0.90.

Fomento Económico Mexicano Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 17th. Investors 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 payout ratio is currently 20.26%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Barclays downgraded shares of Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group dropped their price target on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating on the stock in a research note on Tuesday. Finally, StockNews.com raised shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $119.20.

View Our Latest Report on Fomento Económico Mexicano

Fomento Económico Mexicano Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fomento Económico Mexicano (NYSE:FMX)

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