Whittier Trust Co. Grows Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Whittier Trust Co. lifted its position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 45.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,962 shares of the company’s stock after purchasing an additional 3,099 shares during the quarter. Whittier Trust Co.’s holdings in Fomento Económico Mexicano were worth $852,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group grew its position in Fomento Económico Mexicano by 82.8% during the fourth quarter. Brooklyn Investment Group now owns 340 shares of the company’s stock valued at $29,000 after buying an additional 154 shares during the period. Mather Group LLC. boosted its stake in shares of Fomento Económico Mexicano by 179.1% during the 4th quarter. Mather Group LLC. now owns 575 shares of the company’s stock worth $49,000 after acquiring an additional 369 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Fomento Económico Mexicano during the 4th quarter valued at about $51,000. Banque Cantonale Vaudoise purchased a new position in shares of Fomento Económico Mexicano in the 3rd quarter valued at about $55,000. Finally, Rosenberg Matthew Hamilton increased its stake in shares of Fomento Económico Mexicano by 30.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company’s stock valued at $65,000 after purchasing an additional 176 shares in the last quarter. 61.00% of the stock is owned by hedge funds and other institutional investors.

Fomento Económico Mexicano Trading Down 1.4 %

FMX opened at $97.29 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32. The company’s 50 day simple moving average is $90.26 and its two-hundred day simple moving average is $92.50. The firm has a market capitalization of $34.81 billion, a price-to-earnings ratio of 24.95, a price-to-earnings-growth ratio of 5.26 and a beta of 0.87. Fomento Económico Mexicano, S.A.B. de C.V. has a 1-year low of $81.08 and a 1-year high of $131.56.

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

Fomento Económico Mexicano Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were given a $0.9201 dividend. The ex-dividend date of this dividend was Friday, January 17th. This is an increase from Fomento Económico Mexicano’s previous dividend of $0.74. Fomento Económico Mexicano’s payout ratio is currently 11.03%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. UBS Group increased their price target on Fomento Económico Mexicano from $94.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, March 14th. Barclays raised their target price 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. Finally, The Goldman Sachs Group dropped 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. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $103.95.

Fomento Económico Mexicano Company 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.