Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 9.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,382 shares of the company’s stock after acquiring an additional 1,717 shares during the period. Crossmark Global Holdings Inc.’s holdings in Fomento Económico Mexicano were worth $1,743,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Stifel Financial Corp raised its position in shares of Fomento Económico Mexicano by 1.2% during the 3rd quarter. Stifel Financial Corp now owns 12,479 shares of the company’s stock valued at $1,232,000 after acquiring an additional 149 shares in the last quarter. Brooklyn Investment Group raised its position in shares of Fomento Económico Mexicano by 82.8% during the 4th quarter. Brooklyn Investment Group now owns 340 shares of the company’s stock valued at $29,000 after acquiring an additional 154 shares in the last quarter. Rosenberg Matthew Hamilton raised its position in shares of Fomento Económico Mexicano by 30.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company’s stock valued at $65,000 after acquiring an additional 176 shares in the last quarter. Cerity Partners LLC raised its position in shares of Fomento Económico Mexicano by 2.0% during the 3rd quarter. Cerity Partners LLC now owns 9,520 shares of the company’s stock valued at $940,000 after acquiring an additional 191 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Fomento Económico Mexicano by 29.7% during the 4th quarter. UMB Bank n.a. now owns 887 shares of the company’s stock valued at $76,000 after acquiring an additional 203 shares in the last quarter. 61.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barclays lowered Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a research report on Tuesday. StockNews.com raised Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $126.33.

Fomento Económico Mexicano Price Performance

Shares of NYSE FMX opened at $83.94 on Friday. Fomento Económico Mexicano, S.A.B. de C.V. has a 1-year low of $81.07 and a 1-year high of $143.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32. The business’s fifty day moving average price is $86.70 and its two-hundred day moving average price is $98.06. The firm has a market capitalization of $30.03 billion, a PE ratio of 21.52, a P/E/G ratio of 4.90 and a beta of 0.90.

Fomento Económico Mexicano Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were paid a $0.9201 dividend. This is a boost 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 is presently 20.26%.

About Fomento Económico Mexicano

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.