Nomura Holdings Inc. Makes New Investment in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Nomura Holdings Inc. purchased a new position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,838 shares of the company’s stock, valued at approximately $1,183,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Nuveen Asset Management LLC boosted its holdings in Fomento Económico Mexicano by 25.4% in the fourth quarter. Nuveen Asset Management LLC now owns 2,158,614 shares of the company’s stock worth $184,540,000 after purchasing an additional 437,699 shares in the last quarter. Millennium Management LLC lifted its position in shares of Fomento Económico Mexicano by 29.5% in the fourth quarter. Millennium Management LLC now owns 255,677 shares of the company’s stock worth $21,858,000 after buying an additional 58,220 shares during the last quarter. Bridgefront Capital LLC bought a new stake in shares of Fomento Económico Mexicano during the 4th quarter worth about $246,000. Cary Street Partners Financial LLC bought a new stake in shares of Fomento Económico Mexicano during the 4th quarter worth about $2,897,000. Finally, Banque Transatlantique SA acquired a new position in shares of Fomento Económico Mexicano during the 4th quarter valued at about $44,000. Institutional investors own 61.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. StockNews.com lowered Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a report on Wednesday, April 30th. UBS Group boosted their price objective on shares of Fomento Económico Mexicano from $107.00 to $112.00 and gave the stock a “neutral” rating in a research note on Thursday. The Goldman Sachs Group lowered their target price on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Barclays lifted their target price on shares of Fomento Económico Mexicano from $102.00 to $108.00 and gave the stock an “equal weight” rating in a report on Monday, May 12th. Finally, Itau BBA Securities upgraded shares of Fomento Económico Mexicano from a “market perform” rating to an “outperform” rating in a report on Monday, April 7th. Four investment 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, Fomento Económico Mexicano presently has an average rating of “Hold” and a consensus target price of $106.70.

Fomento Económico Mexicano Stock Up 0.8%

Shares of FMX stock opened at $103.28 on Monday. Fomento Económico Mexicano, S.A.B. de C.V. has a 12 month low of $81.08 and a 12 month high of $120.15. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.37. The firm has a market cap of $36.95 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 5.26 and a beta of 0.69. The stock has a 50 day moving average of $100.70 and a 200-day moving average of $92.93.

Fomento Económico Mexicano (NYSE:FMX) last announced its earnings results on Monday, April 28th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.07). Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. The company had revenue of $9.65 billion for the quarter, compared to the consensus estimate of $194.75 billion. On average, equities analysts predict that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 EPS for the current year.

Fomento Económico Mexicano Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 25th were given a dividend of $1.628 per share. The ex-dividend date of this dividend was Thursday, April 24th. This represents a dividend yield of 1.57%. This is a positive change from Fomento Económico Mexicano’s previous dividend of $0.92. Fomento Económico Mexicano’s dividend payout ratio is currently 11.41%.

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.