Klein Pavlis & Peasley Financial Inc. Buys 9,868 Shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX)

Klein Pavlis & Peasley Financial Inc. increased its stake in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 35.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,044 shares of the company’s stock after purchasing an additional 9,868 shares during the period. Fomento Economico Mexicano accounts for 2.7% of Klein Pavlis & Peasley Financial Inc.’s portfolio, making the stock its 11th largest holding. Klein Pavlis & Peasley Financial Inc.’s holdings in Fomento Economico Mexicano were worth $3,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management bought a new stake in shares of Fomento Economico Mexicano during the 1st quarter valued at $46,000. Banque Transatlantique SA bought a new stake in shares of Fomento Economico Mexicano during the 4th quarter valued at $44,000. Banque Cantonale Vaudoise acquired a new position in shares of Fomento Economico Mexicano in the 1st quarter valued at $51,000. Parallel Advisors LLC grew its holdings in shares of Fomento Economico Mexicano by 56.2% in the 1st quarter. Parallel Advisors LLC now owns 831 shares of the company’s stock valued at $81,000 after buying an additional 299 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Fomento Economico Mexicano in the 4th quarter valued at $72,000. Institutional investors own 61.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FMX shares. Itau BBA Securities raised shares of Fomento Economico Mexicano from a “market perform” rating to an “outperform” rating in a report on Monday, April 7th. Wall Street Zen lowered shares of Fomento Economico Mexicano from a “buy” rating to a “hold” rating in a report on Wednesday, April 30th. UBS Group boosted their price target on shares of Fomento Economico Mexicano from $112.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, July 10th. Finally, Barclays decreased their price target on shares of Fomento Economico Mexicano from $110.00 to $107.00 and set an “equal weight” rating for the company in a report on Thursday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Fomento Economico Mexicano has an average rating of “Hold” and a consensus price target of $107.20.

Fomento Economico Mexicano Price Performance

Shares of NYSE FMX opened at $88.90 on Friday. The firm has a market cap of $31.81 billion, a PE ratio of 30.24, a PEG ratio of 4.27 and a beta of 0.66. The company has a current ratio of 1.34, a quick ratio of 1.31 and a debt-to-equity ratio of 0.42. Fomento Economico Mexicano S.A.B. de C.V. has a 1-year low of $81.07 and a 1-year high of $114.33. The company has a fifty day moving average price of $101.82 and a 200 day moving average price of $98.05.

Fomento Economico Mexicano (NYSE:FMX) last announced its earnings results on Monday, July 28th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.49). The company had revenue of $11.27 billion during the quarter, compared to analyst estimates of $216.71 billion. Fomento Economico Mexicano had a return on equity of 5.32% and a net margin of 2.60%. Research analysts predict that Fomento Economico Mexicano S.A.B. de C.V. will post 5.32 earnings per share for the current fiscal year.

Fomento Economico Mexicano Increases Dividend

The business also recently announced a — dividend, which was paid on Monday, July 28th. Investors of record on Thursday, July 17th were paid a $1.3625 dividend. This represents a yield of 200.0%. The ex-dividend date of this dividend was Thursday, July 17th. This is a boost from Fomento Economico Mexicano’s previous — dividend of $0.73. Fomento Economico Mexicano’s dividend payout ratio (DPR) is currently 74.83%.

Fomento Economico 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.