Crossmark Global Holdings Inc. Increases Stock Holdings in Fomento Economico Mexicano S.A.B. de C.V. $FMX

Crossmark Global Holdings Inc. lifted its position in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 20.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,251 shares of the company’s stock after buying an additional 5,643 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Fomento Economico Mexicano were worth $3,361,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FMX. Tower Research Capital LLC TRC raised its stake in Fomento Economico Mexicano by 42.5% in the second quarter. Tower Research Capital LLC TRC now owns 439 shares of the company’s stock valued at $45,000 after purchasing an additional 131 shares in the last quarter. Signaturefd LLC raised its stake in Fomento Economico Mexicano by 5.1% in the fourth quarter. Signaturefd LLC now owns 2,986 shares of the company’s stock valued at $302,000 after purchasing an additional 144 shares in the last quarter. Lester Murray Antman dba SimplyRich raised its stake in Fomento Economico Mexicano by 2.9% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 5,467 shares of the company’s stock valued at $552,000 after purchasing an additional 153 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in Fomento Economico Mexicano by 4.4% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 3,661 shares of the company’s stock valued at $370,000 after purchasing an additional 155 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Fomento Economico Mexicano by 16.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,357 shares of the company’s stock valued at $135,000 after purchasing an additional 187 shares in the last quarter. 61.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Fomento Economico Mexicano from $98.00 to $117.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Zacks Research raised shares of Fomento Economico Mexicano from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. The Goldman Sachs Group raised their target price on shares of Fomento Economico Mexicano from $113.00 to $128.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Barclays raised their target price on shares of Fomento Economico Mexicano from $118.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Finally, Wall Street Zen downgraded shares of Fomento Economico Mexicano from a “strong-buy” rating to a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Fomento Economico Mexicano has a consensus rating of “Moderate Buy” and a consensus price target of $114.33.

Insider Activity at Fomento Economico Mexicano

In other Fomento Economico Mexicano news, Director Garza Alfonso Garza sold 52,316 shares of Fomento Economico Mexicano stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $11.07, for a total transaction of $579,138.12. Following the transaction, the director directly owned 1,233,080 shares of the company’s stock, valued at approximately $13,650,195.60. This trade represents a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 261,575 shares of company stock worth $2,795,188 over the last quarter. Company insiders own 5.68% of the company’s stock.

Fomento Economico Mexicano Trading Up 0.1%

FMX stock opened at $121.30 on Monday. The company has a market capitalization of $41.91 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 0.83 and a beta of 0.42. Fomento Economico Mexicano S.A.B. de C.V. has a one year low of $83.08 and a one year high of $124.24. The company’s 50 day moving average price is $112.12 and its two-hundred day moving average price is $105.36. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.87 and a current ratio of 1.16.

Fomento Economico Mexicano (NYSE:FMX) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $2.43 EPS for the quarter. The firm had revenue of $11.61 billion for the quarter. Fomento Economico Mexicano had a net margin of 3.40% and a return on equity of 7.33%. As a group, analysts predict that Fomento Economico Mexicano S.A.B. de C.V. will post 4.87 earnings per share for the current fiscal year.

Fomento Economico Mexicano Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 4th. Shareholders of record on Wednesday, April 22nd were paid a dividend of $0.6658 per share. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $2.66 annualized dividend and a dividend yield of 2.2%. Fomento Economico Mexicano’s dividend payout ratio (DPR) is 53.47%.

Fomento Economico Mexicano Company Profile

Fomento Económico Mexicano, SAB. de C.V. (FEMSA) is a Mexican multinational company active primarily in the retail and beverage sectors. Headquartered in Monterrey, Mexico, FEMSA’s operations span convenience store retailing, beverage bottling and distribution, and related logistics and consumer services. The company’s business model combines high-frequency retail outlets with large-scale beverage production and a regional supply chain network.

FEMSA Comercio, the company’s retail arm, operates a large chain of convenience stores under the OXXO brand and has expanded its retail footprint with complementary formats and services.