Fomento Economico Mexicano S.A.B. de C.V. $FMX Stock Holdings Lifted by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd lifted its holdings in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 24.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,144,880 shares of the company’s stock after purchasing an additional 222,064 shares during the quarter. Fomento Economico Mexicano makes up 2.5% of ANTIPODES PARTNERS Ltd’s portfolio, making the stock its 15th largest holding. ANTIPODES PARTNERS Ltd’s holdings in Fomento Economico Mexicano were worth $112,928,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Citigroup Inc. grew its holdings in shares of Fomento Economico Mexicano by 309.6% during the second quarter. Citigroup Inc. now owns 1,714,895 shares of the company’s stock valued at $176,600,000 after purchasing an additional 1,296,194 shares during the last quarter. AQR Capital Management LLC boosted its position in Fomento Economico Mexicano by 11,692.3% during the 2nd quarter. AQR Capital Management LLC now owns 716,029 shares of the company’s stock valued at $73,171,000 after purchasing an additional 709,957 shares during the period. Altrinsic Global Advisors LLC boosted its position in Fomento Economico Mexicano by 52.4% during the 2nd quarter. Altrinsic Global Advisors LLC now owns 944,824 shares of the company’s stock valued at $97,298,000 after purchasing an additional 324,781 shares during the period. Acadian Asset Management LLC grew its stake in Fomento Economico Mexicano by 43.6% during the 2nd quarter. Acadian Asset Management LLC now owns 550,894 shares of the company’s stock worth $56,716,000 after buying an additional 167,250 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Fomento Economico Mexicano by 21.7% during the 2nd quarter. Invesco Ltd. now owns 623,833 shares of the company’s stock worth $64,242,000 after buying an additional 111,127 shares during the last quarter. Institutional investors and hedge funds own 61.00% of the company’s stock.

Fomento Economico Mexicano Stock Performance

FMX stock opened at $113.63 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.90. The company’s 50-day moving average is $105.48 and its 200-day moving average is $97.48. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 26th. Shareholders of record on Friday, January 16th were issued a $2.0531 dividend. The ex-dividend date was Friday, January 16th. This is an increase from Fomento Economico Mexicano’s previous quarterly dividend of $2.00. This represents a $8.21 annualized dividend and a yield of 7.2%. Fomento Economico Mexicano’s dividend payout ratio is currently 91.94%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FMX. The Goldman Sachs Group boosted their price target on shares of Fomento Economico Mexicano from $113.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Fomento Economico Mexicano in a research report on Thursday, January 22nd. Barclays boosted their target price on shares of Fomento Economico Mexicano from $105.00 to $116.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 10th. Finally, Zacks Research upgraded shares of Fomento Economico Mexicano from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 28th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $108.50.

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.