Ruffer LLP Has $684,000 Stock Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Ruffer LLP lessened its position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 66.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 8,000 shares of the company’s stock after selling 16,000 shares during the period. Ruffer LLP’s holdings in Fomento Económico Mexicano were worth $684,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Baillie Gifford & Co. increased its position in Fomento Económico Mexicano by 10.8% in the third quarter. Baillie Gifford & Co. now owns 4,306,739 shares of the company’s stock worth $425,118,000 after buying an additional 421,057 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Fomento Económico Mexicano by 267.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 313,602 shares of the company’s stock worth $30,956,000 after buying an additional 228,284 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Fomento Económico Mexicano in the third quarter worth $19,856,000. Perpetual Ltd increased its position in Fomento Económico Mexicano by 23.8% in the fourth quarter. Perpetual Ltd now owns 924,669 shares of the company’s stock worth $79,050,000 after buying an additional 177,843 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Fomento Económico Mexicano by 107.7% in the third quarter. BNP Paribas Financial Markets now owns 326,302 shares of the company’s stock worth $32,209,000 after buying an additional 169,184 shares during the last quarter. Institutional investors own 61.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Barclays lifted their price target on Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. The Goldman Sachs Group reduced their price target on Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating for the company in a research report on Tuesday, January 28th.

Fomento Económico Mexicano Stock Up 0.5 %

FMX stock opened at $97.87 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.62. The company has a market capitalization of $35.02 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 5.26 and a beta of 0.87. The business’s 50 day moving average price is $87.42 and its two-hundred day moving average price is $92.95. 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 $131.56.

Fomento Económico Mexicano (NYSE:FMX) last announced its earnings results on Thursday, February 27th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($1.05). The company had revenue of $9.99 billion during the quarter, compared to the consensus estimate of $201.67 billion. Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. As a group, analysts forecast that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 earnings per share for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were issued 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 11.03%.

Fomento Económico Mexicano Profile

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.