Fomento Economico Mexicano S.A.B. de C.V. (FMX) Stake Boosted by Axiom International Investors LLC DE

Axiom International Investors LLC DE raised its position in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 609,361 shares of the company’s stock after purchasing an additional 9,263 shares during the period. Fomento Economico Mexicano accounts for approximately 1.3% of Axiom International Investors LLC DE’s portfolio, making the stock its 26th largest holding. Axiom International Investors LLC DE owned 0.17% of Fomento Economico Mexicano worth $58,212,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Schroder Investment Management Group raised its position in shares of Fomento Economico Mexicano by 45.7% in the third quarter. Schroder Investment Management Group now owns 2,148,339 shares of the company’s stock worth $206,262,000 after buying an additional 673,736 shares in the last quarter. Capital World Investors purchased a new stake in shares of Fomento Economico Mexicano in the second quarter worth $47,255,000. Commonwealth Bank of Australia raised its position in shares of Fomento Economico Mexicano by 79.6% in the second quarter. Commonwealth Bank of Australia now owns 947,776 shares of the company’s stock worth $93,202,000 after buying an additional 420,114 shares in the last quarter. William Blair Investment Management LLC increased its stake in Fomento Economico Mexicano by 55.1% in the second quarter. William Blair Investment Management LLC now owns 1,087,301 shares of the company’s stock valued at $106,925,000 after acquiring an additional 386,233 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Fomento Economico Mexicano by 456.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 354,545 shares of the company’s stock valued at $34,866,000 after acquiring an additional 290,845 shares during the last quarter. 21.58% of the stock is owned by institutional investors and hedge funds.

Shares of Fomento Economico Mexicano S.A.B. de C.V. (FMX) opened at $90.43 on Monday. The company has a quick ratio of 1.55, a current ratio of 1.88 and a debt-to-equity ratio of 0.36. Fomento Economico Mexicano S.A.B. de C.V. has a 1-year low of $73.45 and a 1-year high of $103.82. The company has a market cap of $32,357.93, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.79 and a beta of 0.52.

The business also recently disclosed a semiannual dividend, which was paid on Monday, November 13th. Shareholders of record on Monday, November 6th were issued a $0.6759 dividend. The ex-dividend date was Friday, November 3rd. This represents a yield of 1.52%. Fomento Economico Mexicano’s dividend payout ratio (DPR) is presently 18.99%.

FMX has been the topic of a number of research analyst reports. Morgan Stanley initiated coverage on Fomento Economico Mexicano in a research note on Thursday, September 14th. They issued an “overweight” rating and a $120.00 target price on the stock. Zacks Investment Research cut Fomento Economico Mexicano from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. BidaskClub raised Fomento Economico Mexicano from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 22nd. Finally, Barclays PLC reduced their target price on Fomento Economico Mexicano from $115.00 to $114.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Fomento Economico Mexicano has an average rating of “Buy” and a consensus price target of $114.40.

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Fomento Economico Mexicano Profile

Fomento Economico Mexicano, SAB. de C.V. (FEMSA) is a holding company. The Company’s segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, SAB. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, SA de C.V.

Institutional Ownership by Quarter for Fomento Economico Mexicano (NYSE:FMX)

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