Generali Investments CEE investicni spolecnost a.s. Invests $274,000 in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Generali Investments CEE investicni spolecnost a.s. acquired a new position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,200 shares of the company’s stock, valued at approximately $274,000.

Other hedge funds have also recently made changes to their positions in the company. Brooklyn Investment Group lifted its holdings 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 during the last quarter. Mather Group LLC. lifted its holdings in shares of Fomento Económico Mexicano by 179.1% in the 4th quarter. Mather Group LLC. now owns 575 shares of the company’s stock worth $49,000 after acquiring an additional 369 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Fomento Económico Mexicano in the 4th quarter worth approximately $51,000. Banque Cantonale Vaudoise bought a new stake in shares of Fomento Económico Mexicano in the 3rd quarter worth approximately $55,000. Finally, Rosenberg Matthew Hamilton lifted its holdings in shares of Fomento Económico Mexicano by 30.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company’s stock worth $65,000 after acquiring an additional 176 shares during the last quarter. 61.00% of the stock is currently owned by institutional investors.

Fomento Económico Mexicano Trading Up 0.5 %

NYSE:FMX opened at $97.87 on Monday. The company has a fifty day moving average of $87.42 and a 200 day moving average of $92.84. Fomento Económico Mexicano, S.A.B. de C.V. has a 52 week low of $81.07 and a 52 week high of $131.56. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $35.02 billion, a P/E ratio of 25.10, a P/E/G ratio of 5.26 and a beta of 0.87.

Fomento Económico Mexicano (NYSE:FMX) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($1.05). Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. The firm had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $201.67 billion. On average, research analysts predict that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 earnings per share for the current year.

Fomento Económico Mexicano Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were issued a $0.9201 dividend. The ex-dividend date of this dividend was Friday, January 17th. This is a positive change from Fomento Económico Mexicano’s previous dividend of $0.74. Fomento Económico Mexicano’s dividend payout ratio is 11.03%.

Analysts Set New Price Targets

FMX has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. The Goldman Sachs Group lowered their price target on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating for the company in a report on Tuesday, January 28th.

Fomento Económico 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.