R Squared Ltd Invests $118,000 in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

R Squared Ltd bought a new stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,380 shares of the company’s stock, valued at approximately $118,000.

Other large investors have also bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Fomento Económico Mexicano in the 3rd quarter valued at about $7,672,000. BNP Paribas Financial Markets boosted its holdings in Fomento Económico Mexicano by 107.7% during the third quarter. BNP Paribas Financial Markets now owns 326,302 shares of the company’s stock worth $32,209,000 after buying an additional 169,184 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Fomento Económico Mexicano by 740.2% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 472,200 shares of the company’s stock worth $50,832,000 after buying an additional 416,000 shares during the last quarter. Perpetual Ltd increased its holdings in shares of Fomento Económico Mexicano by 9.4% in the third quarter. Perpetual Ltd now owns 746,826 shares of the company’s stock valued at $73,719,000 after buying an additional 64,291 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its position in shares of 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 acquiring an additional 421,057 shares during the last quarter. Institutional investors own 61.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Fomento Económico Mexicano Stock Performance

Shares of FMX stock opened at $87.24 on Friday. The company has a market capitalization of $31.21 billion, a price-to-earnings ratio of 22.37, a P/E/G 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. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $86.28 and its 200-day simple moving average is $97.06.

Fomento Económico Mexicano Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were issued a $0.9201 dividend. 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.