Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) is INCA Investments LLC’s 3rd Largest Position

INCA Investments LLC lowered its position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 23.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 307,348 shares of the company’s stock after selling 91,762 shares during the period. Fomento Económico Mexicano accounts for about 17.7% of INCA Investments LLC’s holdings, making the stock its 3rd biggest position. INCA Investments LLC owned 0.09% of Fomento Económico Mexicano worth $40,063,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Baillie Gifford & Co. lifted its position in Fomento Económico Mexicano by 53.8% during the fourth quarter. Baillie Gifford & Co. now owns 3,838,639 shares of the company’s stock valued at $500,367,000 after purchasing an additional 1,343,165 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Fomento Económico Mexicano by 11.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,880,584 shares of the company’s stock worth $205,266,000 after acquiring an additional 193,543 shares during the last quarter. FMR LLC lifted its holdings in shares of Fomento Económico Mexicano by 49.8% in the 3rd quarter. FMR LLC now owns 861,598 shares of the company’s stock worth $94,043,000 after acquiring an additional 286,254 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Fomento Económico Mexicano by 284.7% in the 3rd quarter. Acadian Asset Management LLC now owns 852,977 shares of the company’s stock worth $93,085,000 after acquiring an additional 631,270 shares during the last quarter. Finally, Black Creek Investment Management Inc. lifted its holdings in shares of Fomento Económico Mexicano by 10.1% in the 3rd quarter. Black Creek Investment Management Inc. now owns 774,625 shares of the company’s stock worth $84,550,000 after acquiring an additional 71,093 shares during the last quarter.

Fomento Económico Mexicano Stock Down 0.0 %

NYSE:FMX traded down $0.01 during midday trading on Monday, reaching $118.92. 1,210,525 shares of the stock traded hands, compared to its average volume of 715,952. The company has a fifty day moving average of $124.67 and a 200 day moving average of $125.73. Fomento Económico Mexicano, S.A.B. de C.V. has a 12 month low of $95.40 and a 12 month high of $143.43. The company has a current ratio of 1.95, a quick ratio of 1.63 and a debt-to-equity ratio of 0.34.

Fomento Económico Mexicano (NYSE:FMX) last issued its quarterly earnings data on Friday, April 26th. The company reported $0.47 earnings per share (EPS) for the quarter. The business had revenue of $10.76 billion for the quarter. Fomento Económico Mexicano had a net margin of 2.91% and a return on equity of 8.20%. As a group, equities research analysts forecast that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.52 earnings per share for the current year.

Fomento Económico Mexicano Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, April 29th. Shareholders of record on Wednesday, April 17th will be given a dividend of $1.115 per share. This is an increase from Fomento Económico Mexicano’s previous annual dividend of $0.74. This represents a yield of 0.87%. The ex-dividend date of this dividend is Tuesday, April 16th. Fomento Económico Mexicano’s payout ratio is presently 16.80%.

Wall Street Analyst Weigh In

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

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.