Natixis Advisors LLC Has $13.13 Million Stake in Fomento Economico Mexicano S.A.B. de C.V. $FMX

Natixis Advisors LLC raised its stake in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 5.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 133,153 shares of the company’s stock after acquiring an additional 6,940 shares during the quarter. Natixis Advisors LLC’s holdings in Fomento Economico Mexicano were worth $13,133,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in FMX. Value Partners Investments Inc. increased its position in Fomento Economico Mexicano by 43.3% during the 3rd quarter. Value Partners Investments Inc. now owns 137,109 shares of the company’s stock worth $13,516,000 after purchasing an additional 41,400 shares in the last quarter. Strs Ohio boosted its position in Fomento Economico Mexicano by 8.5% in the third quarter. Strs Ohio now owns 319,300 shares of the company’s stock valued at $31,493,000 after buying an additional 25,000 shares in the last quarter. LBP AM SA boosted its position in Fomento Economico Mexicano by 22.1% in the third quarter. LBP AM SA now owns 518,532 shares of the company’s stock valued at $51,143,000 after buying an additional 93,997 shares in the last quarter. Barings LLC grew its stake in shares of Fomento Economico Mexicano by 31.7% during the second quarter. Barings LLC now owns 72,617 shares of the company’s stock worth $7,478,000 after buying an additional 17,488 shares during the last quarter. Finally, ABS Direct Equity Fund LLC grew its stake in shares of Fomento Economico Mexicano by 37.6% during the third quarter. ABS Direct Equity Fund LLC now owns 90,250 shares of the company’s stock worth $8,901,000 after buying an additional 24,650 shares during the last quarter. 61.00% of the stock is currently owned by institutional investors and hedge funds.

Fomento Economico Mexicano Trading Down 1.4%

Shares of NYSE FMX opened at $107.44 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.35. Fomento Economico Mexicano S.A.B. de C.V. has a 52-week low of $83.08 and a 52-week high of $116.09. The firm has a 50 day moving average price of $107.93 and a two-hundred day moving average price of $99.81. The stock has a market cap of $37.13 billion, a P/E ratio of 37.70, a price-to-earnings-growth ratio of 4.23 and a beta of 0.42.

Fomento Economico Mexicano (NYSE:FMX) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.58). Fomento Economico Mexicano had a net margin of 2.29% and a return on equity of 6.11%. The business had revenue of $12.21 billion for the quarter, compared to the consensus estimate of $11.98 billion. As a group, equities analysts forecast that Fomento Economico Mexicano S.A.B. de C.V. will post 5.32 EPS 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 given a dividend of $2.0531 per share. This is a positive change from Fomento Economico Mexicano’s previous quarterly dividend of $2.00. The ex-dividend date of this dividend was Friday, January 16th. This represents a $8.21 annualized dividend and a dividend yield of 7.6%. Fomento Economico Mexicano’s payout ratio is 80.00%.

Analyst Upgrades and Downgrades

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

Fomento Economico Mexicano Company 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.