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

Robeco Institutional Asset Management B.V. boosted its stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 12.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 654,778 shares of the company’s stock after acquiring an additional 74,082 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Fomento Económico Mexicano were worth $55,977,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of FMX. Brooklyn Investment Group raised its position in shares of Fomento Económico Mexicano by 82.8% in the 4th quarter. Brooklyn Investment Group now owns 340 shares of the company’s stock worth $29,000 after acquiring an additional 154 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Fomento Económico Mexicano in the third quarter valued at about $55,000. Exchange Traded Concepts LLC bought a new position in Fomento Económico Mexicano in the fourth quarter worth about $51,000. Rosenberg Matthew Hamilton lifted its position in shares of Fomento Económico Mexicano by 30.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company’s stock valued at $65,000 after buying an additional 176 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Fomento Económico Mexicano by 61.7% in the 3rd quarter. Van ECK Associates Corp now owns 802 shares of the company’s stock valued at $78,000 after buying an additional 306 shares in the last quarter. Institutional investors own 61.00% of the company’s stock.

Fomento Económico Mexicano Trading Up 0.5 %

Shares of Fomento Económico Mexicano stock opened at $86.73 on Thursday. Fomento Económico Mexicano, S.A.B. de C.V. has a 12-month low of $81.07 and a 12-month high of $143.43. The firm’s 50 day simple moving average is $86.29 and its two-hundred day simple moving average is $97.14. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37. 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.

Fomento Económico Mexicano Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were paid a $0.9201 dividend. This is a positive change 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 (DPR) is 20.26%.

Analyst Ratings Changes

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