Atria Investments Inc Purchases 753 Shares of Fomento Economico Mexicano S.A.B. de C.V. $FMX

Atria Investments Inc increased its stake in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 5.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,011 shares of the company’s stock after acquiring an additional 753 shares during the period. Atria Investments Inc’s holdings in Fomento Economico Mexicano were worth $1,443,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in Fomento Economico Mexicano during the first quarter worth about $29,000. Farther Finance Advisors LLC raised its holdings in Fomento Economico Mexicano by 41.4% during the second quarter. Farther Finance Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after acquiring an additional 108 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in Fomento Economico Mexicano during the first quarter worth about $51,000. Brooklyn Investment Group raised its holdings in Fomento Economico Mexicano by 112.4% during the first quarter. Brooklyn Investment Group now owns 722 shares of the company’s stock worth $70,000 after acquiring an additional 382 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Fomento Economico Mexicano by 69.2% during the first quarter. Smartleaf Asset Management LLC now owns 785 shares of the company’s stock worth $79,000 after acquiring an additional 321 shares in the last quarter. Institutional investors own 61.00% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays dropped their target price on Fomento Economico Mexicano from $107.00 to $105.00 and set an “equal weight” rating on the stock in a report on Monday. UBS Group upgraded Fomento Economico Mexicano from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $115.00 to $111.00 in a report on Friday, September 19th. Zacks Research upgraded Fomento Economico Mexicano from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. upped their target price on Fomento Economico Mexicano from $96.00 to $102.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Finally, Citigroup raised Fomento Economico Mexicano from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $93.00 to $97.00 in a research report on Tuesday, September 9th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Fomento Economico Mexicano has a consensus rating of “Hold” and a consensus price target of $101.63.

Fomento Economico Mexicano Price Performance

Fomento Economico Mexicano stock opened at $93.94 on Thursday. Fomento Economico Mexicano S.A.B. de C.V. has a 12 month low of $81.07 and a 12 month high of $108.74. The stock’s 50 day moving average is $93.27 and its 200-day moving average is $97.37. The company has a current ratio of 1.10, a quick ratio of 1.06 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $33.61 billion, a price-to-earnings ratio of 37.88, a PEG ratio of 5.54 and a beta of 0.70.

Fomento Economico Mexicano (NYSE:FMX) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.18). The company had revenue of $11.71 billion for the quarter, compared to analyst estimates of $215.60 billion. Fomento Economico Mexicano had a return on equity of 5.01% and a net margin of 2.09%. Equities research analysts expect that Fomento Economico Mexicano S.A.B. de C.V. will post 5.32 EPS for the current year.

Fomento Economico Mexicano Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Thursday, October 16th were given a dividend of $1.9982 per share. This is an increase from Fomento Economico Mexicano’s previous quarterly dividend of $1.36. This represents a $7.99 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend was Thursday, October 16th. Fomento Economico Mexicano’s dividend payout ratio (DPR) is currently 89.92%.

Fomento Economico 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.