Aubrey Capital Management Ltd Buys New Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Aubrey Capital Management Ltd bought a new stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) in the 4th quarter, Holdings Channel.com reports. The firm bought 123,800 shares of the company’s stock, valued at approximately $16,137,000. Fomento Económico Mexicano comprises 6.9% of Aubrey Capital Management Ltd’s holdings, making the stock its 3rd biggest position.

Several other institutional investors also recently bought and sold shares of FMX. Headlands Technologies LLC raised its position in Fomento Económico Mexicano by 448.6% during the 4th quarter. Headlands Technologies LLC now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 166 shares during the last quarter. Operose Advisors LLC bought a new position in Fomento Económico Mexicano during the 3rd quarter valued at approximately $29,000. Assetmark Inc. bought a new position in Fomento Económico Mexicano during the 3rd quarter valued at approximately $36,000. Systematic Alpha Investments LLC bought a new position in shares of Fomento Económico Mexicano in the 3rd quarter worth approximately $147,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of Fomento Económico Mexicano by 12.5% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,462 shares of the company’s stock worth $160,000 after acquiring an additional 162 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Bank of America restated a “neutral” rating on shares of Fomento Económico Mexicano in a research note on Monday, February 26th. HSBC upgraded Fomento Económico Mexicano from a “hold” rating to a “buy” rating and upped their price target for the stock from $124.00 to $152.00 in a research note on Friday, February 9th. UBS Group downgraded Fomento Económico Mexicano from a “buy” rating to a “neutral” rating in a research note on Friday, January 12th. Finally, StockNews.com downgraded Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $135.75.

Fomento Económico Mexicano Stock Up 3.3 %

FMX traded up $3.82 during trading on Friday, hitting $118.93. 1,229,201 shares of the company’s stock traded hands, compared to its average volume of 764,205. The company’s 50 day simple moving average is $124.96 and its two-hundred day simple moving average is $125.39. The company has a current ratio of 1.91, a quick ratio of 1.60 and a debt-to-equity ratio of 0.33. Fomento Económico Mexicano, S.A.B. de C.V. has a 12-month low of $91.71 and a 12-month high of $143.43. The stock has a market capitalization of $42.56 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 0.91 and a beta of 0.94.

Fomento Económico Mexicano (NYSE:FMX) last released its quarterly earnings results on Friday, April 26th. The company reported $0.47 earnings per share (EPS) for the quarter. The firm had revenue of $10.76 billion for the quarter. Fomento Económico Mexicano had a return on equity of 9.63% and a net margin of 8.53%. Analysts predict that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.52 earnings per share for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The company also recently declared an annual dividend, which will be paid on Monday, April 29th. Stockholders of record on Wednesday, April 17th will be paid a $1.115 dividend. This is an increase from Fomento Económico Mexicano’s previous annual dividend of $0.74. This represents a dividend yield of 0.87%. The ex-dividend date of this dividend is Tuesday, April 16th. Fomento Económico Mexicano’s dividend payout ratio (DPR) is 5.83%.

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.