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

Blue Trust Inc. boosted its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 14.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,686 shares of the company’s stock after buying an additional 948 shares during the quarter. Blue Trust Inc.’s holdings in Fomento Económico Mexicano were worth $657,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Brooklyn Investment Group raised its holdings in shares of 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 purchasing an additional 154 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in Fomento Económico Mexicano during the fourth quarter valued at $51,000. Banque Cantonale Vaudoise bought a new position in Fomento Económico Mexicano in the third quarter valued at about $55,000. Rosenberg Matthew Hamilton boosted its position in Fomento Económico Mexicano by 30.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company’s stock worth $65,000 after purchasing an additional 176 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Fomento Económico Mexicano by 29.7% during the 4th quarter. UMB Bank n.a. now owns 887 shares of the company’s stock valued at $76,000 after purchasing an additional 203 shares during the period. Institutional investors own 61.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on FMX. The Goldman Sachs Group dropped their price objective on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating on the stock in a report on Tuesday. Barclays downgraded shares of Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 21st. Finally, StockNews.com raised Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Fomento Económico Mexicano has a consensus rating of “Moderate Buy” and an average target price of $119.20.

Fomento Económico Mexicano Stock Performance

FMX opened at $87.24 on Friday. The company has a 50 day simple moving average of $86.28 and a two-hundred day simple moving average of $97.06. 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 firm has a market cap of $31.21 billion, a P/E ratio of 22.37, a PEG ratio of 4.87 and a beta of 0.90. 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.

Fomento Económico Mexicano Increases Dividend

The company 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. 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 dividend payout ratio is currently 20.26%.

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.