Natixis Advisors LLC Has $13.13 Million Stock Position in Fomento Economico Mexicano S.A.B. de C.V. $FMX

Natixis Advisors LLC boosted its position in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 5.5% during the 3rd quarter, Holdings Channel reports. The fund owned 133,153 shares of the company’s stock after buying an additional 6,940 shares during the period. Natixis Advisors LLC’s holdings in Fomento Economico Mexicano were worth $13,133,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FMX. Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Fomento Economico Mexicano by 32.8% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,999 shares of the company’s stock worth $1,479,000 after purchasing an additional 3,705 shares during the period. Ramirez Asset Management Inc. lifted its holdings in shares of Fomento Economico Mexicano by 5.9% in the 3rd quarter. Ramirez Asset Management Inc. now owns 27,344 shares of the company’s stock worth $2,697,000 after purchasing an additional 1,531 shares in the last quarter. Barclays PLC grew its position in Fomento Economico Mexicano by 10.1% in the 3rd quarter. Barclays PLC now owns 150,919 shares of the company’s stock valued at $14,885,000 after purchasing an additional 13,792 shares during the period. Orion Porfolio Solutions LLC grew its position in Fomento Economico Mexicano by 4.7% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 6,414 shares of the company’s stock valued at $633,000 after purchasing an additional 287 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Fomento Economico Mexicano by 9.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 206,144 shares of the company’s stock valued at $20,333,000 after purchasing an additional 17,923 shares in the last quarter. Institutional investors and hedge funds own 61.00% of the company’s stock.

Fomento Economico Mexicano Price Performance

FMX opened at $107.44 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.35 and a quick ratio of 1.02. The company has a market capitalization of $37.13 billion, a price-to-earnings ratio of 37.70, a P/E/G ratio of 4.23 and a beta of 0.42. The firm’s fifty day moving average price is $107.93 and its two-hundred day moving average price is $99.81. Fomento Economico Mexicano S.A.B. de C.V. has a 1 year low of $83.08 and a 1 year high of $116.09.

Fomento Economico Mexicano (NYSE:FMX) last posted its earnings results on Wednesday, February 25th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.58). Fomento Economico Mexicano had a return on equity of 6.11% and a net margin of 2.29%.The firm had revenue of $12.21 billion during the quarter, compared to the consensus estimate of $11.98 billion. As a group, analysts anticipate that Fomento Economico Mexicano S.A.B. de C.V. will post 5.32 earnings per share for the current fiscal year.

Fomento Economico Mexicano Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 26th. Shareholders of record on Friday, January 16th were paid a $2.0531 dividend. This is a positive change from Fomento Economico Mexicano’s previous quarterly dividend of $2.00. The ex-dividend date was Friday, January 16th. This represents a $8.21 annualized dividend and a yield of 7.6%. Fomento Economico Mexicano’s dividend payout ratio (DPR) is 80.00%.

Analysts Set New Price Targets

A number of research firms have weighed in on FMX. Barclays raised their price objective on shares of Fomento Economico Mexicano from $116.00 to $118.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. The Goldman Sachs Group upped their target price on shares of Fomento Economico Mexicano from $113.00 to $128.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fomento Economico Mexicano in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Fomento Economico Mexicano currently has an average rating of “Hold” and an average price target of $108.83.

Fomento Economico Mexicano 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.