Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Stock Position Lifted by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 9.2% in the 4th quarter, HoldingsChannel reports. The firm owned 20,382 shares of the company’s stock after purchasing an additional 1,717 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Fomento Económico Mexicano were worth $1,743,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of FMX. Dimensional Fund Advisors LP grew its stake in shares of Fomento Económico Mexicano by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 260,476 shares of the company’s stock worth $28,035,000 after purchasing an additional 1,773 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Fomento Económico Mexicano by 10.9% during the second quarter. Hsbc Holdings PLC now owns 15,408 shares of the company’s stock valued at $1,659,000 after buying an additional 1,513 shares in the last quarter. Pacer Advisors Inc. bought a new position in Fomento Económico Mexicano during the second quarter valued at about $1,578,000. Bank of Montreal Can boosted its stake in Fomento Económico Mexicano by 2.7% during the second quarter. Bank of Montreal Can now owns 27,285 shares of the company’s stock valued at $2,984,000 after buying an additional 729 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in Fomento Económico Mexicano by 157.5% during the second quarter. Marshall Wace LLP now owns 44,036 shares of the company’s stock valued at $4,740,000 after buying an additional 26,934 shares in the last quarter. Institutional investors own 61.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. StockNews.com raised Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Barclays cut Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $126.33.

Fomento Económico Mexicano Trading Down 0.6 %

Shares of NYSE FMX opened at $83.94 on Friday. Fomento Económico Mexicano, S.A.B. de C.V. has a 12 month low of $81.07 and a 12 month high of $143.43. The company has a market cap of $30.03 billion, a price-to-earnings ratio of 21.52, a P/E/G ratio of 4.90 and a beta of 0.90. 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 business has a fifty day simple moving average of $86.70 and a 200-day simple moving average of $98.06.

Fomento Económico Mexicano Increases Dividend

The business also recently announced a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were issued a dividend of $0.9201 per share. This is an increase from Fomento Económico Mexicano’s previous dividend of $0.74. The ex-dividend date was Friday, January 17th. 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.