Stephens Inc. AR Purchases 1,372 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Stephens Inc. AR grew its position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 30.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,816 shares of the company’s stock after acquiring an additional 1,372 shares during the period. Stephens Inc. AR’s holdings in Fomento Económico Mexicano were worth $497,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Stifel Financial Corp grew its position in shares of Fomento Económico Mexicano by 1.2% in the 3rd quarter. Stifel Financial Corp now owns 12,479 shares of the company’s stock valued at $1,232,000 after acquiring an additional 149 shares during the period. Brooklyn Investment Group lifted its stake in shares of Fomento Económico Mexicano by 82.8% during the 4th quarter. Brooklyn Investment Group now owns 340 shares of the company’s stock worth $29,000 after buying an additional 154 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in shares of Fomento Económico Mexicano by 30.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company’s stock worth $65,000 after buying an additional 176 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Fomento Económico Mexicano by 2.0% during the 3rd quarter. Cerity Partners LLC now owns 9,520 shares of the company’s stock worth $940,000 after buying an additional 191 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Fomento Económico Mexicano by 29.7% during the 4th quarter. UMB Bank n.a. now owns 887 shares of the company’s stock worth $76,000 after buying an additional 203 shares during the last quarter. Institutional investors own 61.00% of the company’s stock.

Fomento Económico Mexicano Price Performance

Shares of Fomento Económico Mexicano stock opened at $91.10 on Friday. Fomento Económico Mexicano, S.A.B. de C.V. has a twelve month low of $81.07 and a twelve month high of $143.43. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.37. The company has a 50-day simple moving average of $86.07 and a two-hundred day simple moving average of $95.08. The stock has a market capitalization of $32.59 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 5.18 and a beta of 0.90.

Fomento Económico Mexicano Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were paid a $0.9201 dividend. This is a boost from Fomento Económico Mexicano’s previous dividend of $0.74. The ex-dividend date was Friday, January 17th. Fomento Económico Mexicano’s payout ratio is 11.79%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Barclays cut shares of Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 21st. Finally, StockNews.com upgraded shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Fomento Económico Mexicano currently has a consensus rating of “Hold” and an average target price of $108.27.

About Fomento Económico Mexicano

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.