Sarasin & Partners LLP Raises Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Sarasin & Partners LLP raised its holdings in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 33.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 20,000 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. Sarasin & Partners LLP’s holdings in Fomento Económico Mexicano were worth $1,710,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FMX. Dimensional Fund Advisors LP boosted its stake in Fomento Económico Mexicano by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 260,476 shares of the company’s stock valued at $28,035,000 after purchasing an additional 1,773 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Fomento Económico Mexicano by 10.9% during the 2nd quarter. Hsbc Holdings PLC now owns 15,408 shares of the company’s stock valued at $1,659,000 after purchasing an additional 1,513 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Fomento Económico Mexicano by 279.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 146,600 shares of the company’s stock valued at $15,781,000 after purchasing an additional 108,000 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in Fomento Económico Mexicano during the 2nd quarter valued at $1,578,000. Finally, Profund Advisors LLC boosted its stake in Fomento Económico Mexicano by 3.2% during the 2nd quarter. Profund Advisors LLC now owns 7,243 shares of the company’s stock valued at $780,000 after purchasing an additional 226 shares during the last quarter. 61.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on FMX shares. StockNews.com upgraded Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Barclays dropped their price target on Fomento Económico Mexicano from $125.00 to $118.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. downgraded Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $104.00 to $109.00 in a research note on Monday, September 23rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $126.33.

Fomento Económico Mexicano Stock Performance

FMX stock opened at $82.30 on Monday. Fomento Económico Mexicano, S.A.B. de C.V. has a 1 year low of $81.07 and a 1 year high of $143.43. The stock’s fifty day moving average price is $87.30 and its 200-day moving average price is $98.53. The company has a market cap of $29.45 billion, a P/E ratio of 21.10, a price-to-earnings-growth ratio of 4.74 and a beta of 0.90. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32.

Fomento Económico Mexicano Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were issued a $0.9201 dividend. This is a boost from Fomento Económico Mexicano’s previous dividend of $0.74. The ex-dividend date was Friday, January 17th. Fomento Económico Mexicano’s dividend payout ratio (DPR) is currently 12.82%.

About Fomento Económico Mexicano

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.