Sei Investments Co. Boosts Holdings in Fomento Economico Mexicano S.A.B. de C.V. $FMX

Sei Investments Co. grew its holdings in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 13.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 236,168 shares of the company’s stock after purchasing an additional 27,439 shares during the quarter. Sei Investments Co.’s holdings in Fomento Economico Mexicano were worth $26,229,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. V Square Quantitative Management LLC purchased a new position in shares of Fomento Economico Mexicano in the 1st quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fomento Economico Mexicano by 2,006.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 337 shares of the company’s stock valued at $35,000 after buying an additional 321 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Fomento Economico Mexicano by 42.5% during the second quarter. Tower Research Capital LLC TRC now owns 439 shares of the company’s stock valued at $45,000 after buying an additional 131 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new position in shares of Fomento Economico Mexicano in the 4th quarter valued at $50,000. Finally, Brown Brothers Harriman & Co. increased its position in shares of Fomento Economico Mexicano by 220.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 725 shares of the company’s stock valued at $72,000 after acquiring an additional 499 shares during the period. Hedge funds and other institutional investors own 61.00% of the company’s stock.

Fomento Economico Mexicano Stock Performance

Shares of FMX stock opened at $127.29 on Wednesday. Fomento Economico Mexicano S.A.B. de C.V. has a 52-week low of $83.08 and a 52-week high of $141.47. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.47. The stock has a market cap of $43.98 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 0.71 and a beta of 0.41. The business has a 50-day simple moving average of $126.12 and a 200-day simple moving average of $116.61.

Fomento Economico Mexicano (NYSE:FMX) last posted its earnings results on Tuesday, June 30th. The company reported $0.93 EPS for the quarter. Fomento Economico Mexicano had a return on equity of 7.33% and a net margin of 3.40%.The firm had revenue of $13.20 billion for the quarter. On average, equities analysts expect that Fomento Economico Mexicano S.A.B. de C.V. will post 6.19 EPS for the current year.

Fomento Economico Mexicano Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Wednesday, July 15th were issued a dividend of $1.827 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This is a positive change from Fomento Economico Mexicano’s previous quarterly dividend of $0.67. This represents a $7.31 annualized dividend and a yield of 5.7%. Fomento Economico Mexicano’s payout ratio is 54.36%.

Analyst Ratings Changes

A number of analysts have commented on the company. Zacks Research raised Fomento Economico Mexicano from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Wall Street Zen lowered shares of Fomento Economico Mexicano from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Weiss Ratings upgraded shares of Fomento Economico Mexicano from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Barclays upped their price objective on shares of Fomento Economico Mexicano from $125.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Finally, UBS Group increased their price objective on shares of Fomento Economico Mexicano from $122.00 to $139.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Fomento Economico Mexicano currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.50.

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.