Quadrant Capital Group LLC Grows Stake in Fomento Economico Mexicano S.A.B. de C.V. $FMX

Quadrant Capital Group LLC boosted its stake in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 142.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,589 shares of the company’s stock after buying an additional 9,747 shares during the period. Quadrant Capital Group LLC’s holdings in Fomento Economico Mexicano were worth $1,636,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FMX. Tower Research Capital LLC TRC raised its stake in shares of Fomento Economico Mexicano by 42.5% in the second quarter. Tower Research Capital LLC TRC now owns 439 shares of the company’s stock valued at $45,000 after acquiring an additional 131 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Fomento Economico Mexicano by 16.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,357 shares of the company’s stock worth $135,000 after purchasing an additional 187 shares during the period. One Wealth Advisors LLC grew its holdings in Fomento Economico Mexicano by 3.1% during the 3rd quarter. One Wealth Advisors LLC now owns 7,033 shares of the company’s stock valued at $694,000 after purchasing an additional 209 shares during the last quarter. Orion Porfolio Solutions LLC grew its holdings in Fomento Economico Mexicano by 4.7% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 6,414 shares of the company’s stock valued at $633,000 after purchasing an additional 287 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Fomento Economico Mexicano by 2,006.3% in 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 during the period. 61.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group raised their price target on Fomento Economico Mexicano from $113.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Fomento Economico Mexicano in a research note on Thursday, January 22nd. Finally, Barclays lifted their target price on Fomento Economico Mexicano from $116.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $108.83.

Fomento Economico Mexicano Stock Performance

Shares of FMX stock opened at $107.44 on Friday. Fomento Economico Mexicano S.A.B. de C.V. has a 12-month low of $83.08 and a 12-month high of $116.09. The business’s fifty day simple moving average is $107.93 and its 200-day simple moving average is $99.81. The company has a current ratio of 1.35, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The company has a market cap of $37.13 billion, a PE ratio of 37.70, a PEG ratio of 4.23 and a beta of 0.42.

Fomento Economico Mexicano (NYSE:FMX) last released its earnings results on Wednesday, February 25th. The company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.58). The company had revenue of $12.21 billion during the quarter, compared to analyst estimates of $11.98 billion. Fomento Economico Mexicano had a return on equity of 6.11% and a net margin of 2.29%. Analysts expect 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 business also recently disclosed a quarterly dividend, which was paid on Monday, January 26th. Stockholders of record on Friday, January 16th were issued a $2.0531 dividend. This is a boost from Fomento Economico Mexicano’s previous quarterly dividend of $2.00. The ex-dividend date of this dividend was Friday, January 16th. This represents a $8.21 annualized dividend and a dividend yield of 7.6%. Fomento Economico Mexicano’s payout ratio is presently 80.00%.

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.