Sarasin & Partners LLP Buys 5,000 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Sarasin & Partners LLP increased its stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 33.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,000 shares of the company’s stock after acquiring an additional 5,000 shares during the period. Sarasin & Partners LLP’s holdings in Fomento Económico Mexicano were worth $1,710,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Fomento Económico Mexicano during the 3rd quarter valued at approximately $7,672,000. BNP Paribas Financial Markets raised its position in Fomento Económico Mexicano by 107.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 326,302 shares of the company’s stock valued at $32,209,000 after purchasing an additional 169,184 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in Fomento Económico Mexicano by 740.2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 472,200 shares of the company’s stock valued at $50,832,000 after purchasing an additional 416,000 shares during the last quarter. Perpetual Ltd raised its position in Fomento Económico Mexicano by 9.4% during the 3rd quarter. Perpetual Ltd now owns 746,826 shares of the company’s stock valued at $73,719,000 after purchasing an additional 64,291 shares during the last quarter. Finally, Baillie Gifford & Co. raised its position in Fomento Económico Mexicano by 10.8% during the 3rd quarter. Baillie Gifford & Co. now owns 4,306,739 shares of the company’s stock valued at $425,118,000 after purchasing an additional 421,057 shares during the last quarter. Institutional investors own 61.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on FMX shares. Barclays lowered their price target on Fomento Económico Mexicano from $125.00 to $118.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lowered Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and upped their price target for the company from $104.00 to $109.00 in a research report on Monday, September 23rd. Finally, StockNews.com raised Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $126.33.

Fomento Económico Mexicano Stock Up 0.0 %

Shares of NYSE:FMX opened at $82.30 on Monday. Fomento Económico Mexicano, S.A.B. de C.V. has a 52-week low of $81.07 and a 52-week high of $143.43. The firm has a market capitalization of $29.45 billion, a P/E ratio of 21.10, a P/E/G ratio of 4.74 and a beta of 0.90. The stock has a 50 day moving average price of $87.30 and a 200-day moving average price of $98.53. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.62.

Fomento Económico Mexicano Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 17th. Stockholders 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 a positive change from Fomento Económico Mexicano’s previous dividend of $0.74. Fomento Económico Mexicano’s dividend payout ratio is currently 12.82%.

About Fomento Económico Mexicano

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.