Capital Wealth Planning LLC Invests $4.45 Million in Fomento Economico Mexicano S.A.B. de C.V. $FMX

Capital Wealth Planning LLC acquired a new stake in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 45,110 shares of the company’s stock, valued at approximately $4,449,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in Fomento Economico Mexicano by 2,006.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 337 shares of the company’s stock worth $35,000 after purchasing an additional 321 shares during the period. Steward Partners Investment Advisory LLC bought a new position in shares of Fomento Economico Mexicano during the 2nd quarter valued at $40,000. Tower Research Capital LLC TRC lifted its holdings in shares of Fomento Economico Mexicano by 42.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 439 shares of the company’s stock valued at $45,000 after buying an additional 131 shares during the period. Mather Group LLC. purchased a new position in shares of Fomento Economico Mexicano in the 3rd quarter worth $54,000. Finally, MAI Capital Management boosted its stake in shares of Fomento Economico Mexicano by 131.1% in the 2nd quarter. MAI Capital Management now owns 788 shares of the company’s stock worth $81,000 after buying an additional 447 shares during the last quarter. Institutional investors own 61.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FMX shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Fomento Economico Mexicano in a research report on Thursday, January 22nd. The Goldman Sachs Group raised their target price on Fomento Economico Mexicano from $113.00 to $128.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Barclays boosted their price target on Fomento Economico Mexicano from $116.00 to $118.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $108.83.

Fomento Economico Mexicano Trading Down 0.9%

Shares of FMX stock opened at $106.33 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.35 and a quick ratio of 1.02. The company has a market cap of $36.74 billion, a price-to-earnings ratio of 37.31, a PEG ratio of 4.16 and a beta of 0.42. Fomento Economico Mexicano S.A.B. de C.V. has a 1 year low of $83.08 and a 1 year high of $116.09. The firm has a fifty day moving average price of $108.03 and a 200-day moving average price of $99.93.

Fomento Economico Mexicano (NYSE:FMX) last announced its earnings results on Wednesday, February 25th. The company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.58). The company had revenue of $12.21 billion during the quarter, compared to the consensus estimate of $11.98 billion. Fomento Economico Mexicano had a return on equity of 6.11% and a net margin of 2.29%. As a group, equities analysts predict that Fomento Economico Mexicano S.A.B. de C.V. will post 5.32 earnings per share for the current year.

Fomento Economico Mexicano Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 26th. Stockholders of record on Friday, January 16th were paid a $2.0531 dividend. This represents a $8.21 annualized dividend and a dividend yield of 7.7%. This is an increase from Fomento Economico Mexicano’s previous quarterly dividend of $2.00. The ex-dividend date of this dividend was Friday, January 16th. Fomento Economico Mexicano’s dividend payout ratio is 80.00%.

Fomento Economico Mexicano Profile

Fomento Económico Mexicano, SAB. de C.V. (FEMSA) is a Mexican multinational company active primarily in the retail and beverage sectors. Headquartered in Monterrey, Mexico, FEMSA’s operations span convenience store retailing, beverage bottling and distribution, and related logistics and consumer services. The company’s business model combines high-frequency retail outlets with large-scale beverage production and a regional supply chain network.

FEMSA Comercio, the company’s retail arm, operates a large chain of convenience stores under the OXXO brand and has expanded its retail footprint with complementary formats and services.