Robeco Institutional Asset Management B.V. Buys 74,082 Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Robeco Institutional Asset Management B.V. increased its stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 12.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 654,778 shares of the company’s stock after acquiring an additional 74,082 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.18% of Fomento Económico Mexicano worth $55,977,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Stifel Financial Corp increased its holdings 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 worth $1,232,000 after buying an additional 149 shares during the last quarter. Brooklyn Investment Group lifted its position in Fomento Económico Mexicano by 82.8% in the fourth 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 boosted its stake in Fomento Económico Mexicano by 30.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company’s stock worth $65,000 after buying an additional 176 shares during the period. Cerity Partners LLC increased its position in Fomento Económico Mexicano by 2.0% during the third quarter. Cerity Partners LLC now owns 9,520 shares of the company’s stock valued at $940,000 after acquiring an additional 191 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Fomento Económico Mexicano by 29.7% in the fourth quarter. UMB Bank n.a. now owns 887 shares of the company’s stock valued at $76,000 after acquiring an additional 203 shares during the period. 61.00% of the stock is owned by hedge funds and other institutional investors.

Fomento Económico Mexicano Stock Up 0.5 %

Shares of NYSE FMX opened at $86.73 on Thursday. Fomento Económico Mexicano, S.A.B. de C.V. has a 52-week low of $81.07 and a 52-week high of $143.43. The firm has a market capitalization of $31.03 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 4.87 and a beta of 0.90. The stock has a 50 day moving average price of $86.29 and a 200 day moving average price of $97.14. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.62.

Fomento Económico Mexicano Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were given a dividend of $0.9201 per share. This is an increase from Fomento Económico Mexicano’s previous dividend of $0.74. The ex-dividend date was Friday, January 17th. Fomento Económico Mexicano’s dividend payout ratio is presently 20.26%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FMX. Barclays downgraded shares of Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 21st. StockNews.com raised Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group cut their price objective on Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating on the stock in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Fomento Económico Mexicano presently has a consensus rating of “Moderate Buy” and an average price target of $119.20.

Fomento Económico 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.