Callan Family Office LLC Takes $372,000 Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Callan Family Office LLC purchased a new stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,355 shares of the company’s stock, valued at approximately $372,000.

Several other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Fomento Económico Mexicano during the 4th quarter valued at $813,000. Aigen Investment Management LP grew its holdings in shares of Fomento Económico Mexicano by 20.2% in the 4th quarter. Aigen Investment Management LP now owns 20,199 shares of the company’s stock worth $1,727,000 after acquiring an additional 3,399 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Fomento Económico Mexicano by 3,079.5% in the 4th quarter. Assetmark Inc. now owns 4,038 shares of the company’s stock worth $345,000 after acquiring an additional 3,911 shares during the last quarter. Fielder Capital Group LLC grew its holdings in shares of Fomento Económico Mexicano by 40.7% in the 4th quarter. Fielder Capital Group LLC now owns 3,168 shares of the company’s stock worth $271,000 after acquiring an additional 917 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of Fomento Económico Mexicano by 5.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 193,052 shares of the company’s stock worth $16,504,000 after acquiring an additional 9,254 shares during the last quarter. 61.00% of the stock is currently owned by institutional investors and hedge funds.

Fomento Económico Mexicano Stock Performance

Shares of Fomento Económico Mexicano stock opened at $96.57 on Tuesday. The stock has a market cap of $34.55 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 5.26 and a beta of 0.87. The business has a fifty day simple moving average of $87.65 and a 200-day simple moving average of $92.77. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.37. Fomento Económico Mexicano, S.A.B. de C.V. has a 12 month low of $81.07 and a 12 month high of $131.56.

Fomento Económico Mexicano (NYSE:FMX) last issued its earnings results on Thursday, February 27th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $1.51 by ($1.05). The business had revenue of $9.99 billion during the quarter, compared to analyst estimates of $201.67 billion. Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. On average, sell-side analysts anticipate that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 EPS for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were paid a $0.9201 dividend. The ex-dividend date was Friday, January 17th. This is a positive change from Fomento Económico Mexicano’s previous dividend of $0.74. Fomento Económico Mexicano’s payout ratio is presently 11.03%.

Analyst Ratings Changes

A number of brokerages recently issued reports on FMX. Barclays lifted their target price on Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. The Goldman Sachs Group decreased their target price on Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating on the stock in a report on Tuesday, January 28th.

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.