Value Partners Investments Inc. Has $13.52 Million Position in Fomento Economico Mexicano S.A.B. de C.V. $FMX

Value Partners Investments Inc. boosted its stake in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 43.3% in the third quarter, HoldingsChannel reports. The firm owned 137,109 shares of the company’s stock after buying an additional 41,400 shares during the period. Fomento Economico Mexicano makes up about 1.1% of Value Partners Investments Inc.’s portfolio, making the stock its 19th largest position. Value Partners Investments Inc.’s holdings in Fomento Economico Mexicano were worth $13,516,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Fomento Economico Mexicano by 2,006.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 337 shares of the company’s stock worth $35,000 after purchasing an additional 321 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Fomento Economico Mexicano by 41.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after buying an additional 108 shares during the period. Steward Partners Investment Advisory LLC bought a new position in Fomento Economico Mexicano in the second quarter worth approximately $40,000. Tower Research Capital LLC TRC boosted its holdings in Fomento Economico Mexicano by 42.5% in the second quarter. Tower Research Capital LLC TRC now owns 439 shares of the company’s stock worth $45,000 after acquiring an additional 131 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Fomento Economico Mexicano by 69.2% in the first quarter. Smartleaf Asset Management LLC now owns 785 shares of the company’s stock valued at $79,000 after acquiring an additional 321 shares during the period. 61.00% of the stock is owned by institutional investors.

Fomento Economico Mexicano Price Performance

FMX opened at $102.33 on Wednesday. Fomento Economico Mexicano S.A.B. de C.V. has a 1 year low of $81.07 and a 1 year high of $108.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.90. The company has a market capitalization of $36.61 billion, a price-to-earnings ratio of 41.26, a P/E/G ratio of 5.02 and a beta of 0.47. The firm’s fifty day moving average price is $97.07 and its two-hundred day moving average price is $95.69.

Fomento Economico Mexicano (NYSE:FMX) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). Fomento Economico Mexicano had a net margin of 2.09% and a return on equity of 5.01%. The firm had revenue of $11.72 billion for the quarter, compared to the consensus estimate of $215.60 billion. As a group, analysts anticipate that Fomento Economico Mexicano S.A.B. de C.V. will post 5.32 earnings per share for the current fiscal year.

Fomento Economico Mexicano Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Thursday, October 16th were paid a $1.9982 dividend. This represents a $7.99 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date was Thursday, October 16th. This is a boost from Fomento Economico Mexicano’s previous quarterly dividend of $1.36. Fomento Economico Mexicano’s dividend payout ratio (DPR) is presently 90.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FMX shares. Barclays lowered their target price on Fomento Economico Mexicano from $107.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Monday, November 3rd. UBS Group raised shares of Fomento Economico Mexicano from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $115.00 to $111.00 in a research note on Friday, September 19th. Zacks Research raised shares of Fomento Economico Mexicano from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. upped their target price on shares of Fomento Economico Mexicano from $96.00 to $102.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Finally, Citigroup upgraded Fomento Economico Mexicano from a “neutral” rating to a “buy” rating and lifted their price target for the company from $93.00 to $97.00 in a research note on Tuesday, September 9th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $101.63.

Fomento Economico Mexicano Company Profile

Fomento Económico Mexicano, SAB. de C.V. (FEMSA) is a Mexican multinational company active primarily in the retail and beverage sectors. Headquartered in Monterrey, Mexico, FEMSA’s operations span convenience store retailing, beverage bottling and distribution, and related logistics and consumer services. The company’s business model combines high-frequency retail outlets with large-scale beverage production and a regional supply chain network.

FEMSA Comercio, the company’s retail arm, operates a large chain of convenience stores under the OXXO brand and has expanded its retail footprint with complementary formats and services.