Cidel Asset Management Inc. Purchases 306 Shares of Fomento Economico Mexicano SAB (FMX)

Cidel Asset Management Inc. increased its position in Fomento Economico Mexicano SAB (NYSE:FMX) by 11.4% in the first quarter, Holdings Channel reports. The institutional investor owned 2,995 shares of the company’s stock after buying an additional 306 shares during the quarter. Cidel Asset Management Inc.’s holdings in Fomento Economico Mexicano SAB were worth $276,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Comgest Global Investors S.A.S. lifted its position in Fomento Economico Mexicano SAB by 1.1% in the 4th quarter. Comgest Global Investors S.A.S. now owns 3,834,214 shares of the company’s stock worth $329,934,000 after buying an additional 41,600 shares during the last quarter. Janus Henderson Group PLC lifted its position in Fomento Economico Mexicano SAB by 10.3% in the 1st quarter. Janus Henderson Group PLC now owns 3,024,836 shares of the company’s stock worth $279,075,000 after buying an additional 281,252 shares during the last quarter. Commonwealth Bank of Australia increased its stake in Fomento Economico Mexicano SAB by 11.7% in the 4th quarter. Commonwealth Bank of Australia now owns 1,323,443 shares of the company’s stock worth $113,874,000 after purchasing an additional 138,321 shares during the period. GQG Partners LLC increased its stake in Fomento Economico Mexicano SAB by 4,296.1% in the 4th quarter. GQG Partners LLC now owns 1,013,686 shares of the company’s stock worth $87,245,000 after purchasing an additional 990,627 shares during the period. Finally, Coronation Fund Managers Ltd. increased its stake in Fomento Economico Mexicano SAB by 11.1% in the 4th quarter. Coronation Fund Managers Ltd. now owns 927,456 shares of the company’s stock worth $79,807,000 after purchasing an additional 92,428 shares during the period. Institutional investors own 20.56% of the company’s stock.

Shares of Fomento Economico Mexicano SAB stock opened at $99.57 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.12 and a current ratio of 1.39. The company has a market capitalization of $34.97 billion, a price-to-earnings ratio of 28.86, a P/E/G ratio of 1.58 and a beta of 0.65. Fomento Economico Mexicano SAB has a one year low of $80.86 and a one year high of $101.12.

Fomento Economico Mexicano SAB (NYSE:FMX) last announced its quarterly earnings results on Wednesday, February 27th. The company reported $1.33 EPS for the quarter. The business had revenue of $6.32 billion for the quarter. Fomento Economico Mexicano SAB had a return on equity of 7.87% and a net margin of 5.40%. As a group, equities analysts expect that Fomento Economico Mexicano SAB will post 3.91 EPS for the current fiscal year.

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.756 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a dividend yield of 1.61%. Fomento Economico Mexicano SAB’s dividend payout ratio (DPR) is presently 43.19%.

A number of equities analysts have commented on the company. ValuEngine raised Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research cut Fomento Economico Mexicano SAB from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Barclays reaffirmed a “buy” rating and issued a $100.00 price target on shares of Fomento Economico Mexicano SAB in a research note on Thursday, January 24th. Finally, Santander cut Fomento Economico Mexicano SAB from a “hold” rating to an “underperform” rating in a research note on Monday, February 25th. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $100.00.

COPYRIGHT VIOLATION NOTICE: “Cidel Asset Management Inc. Purchases 306 Shares of Fomento Economico Mexicano SAB (FMX)” was originally reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thelincolnianonline.com/2019/05/15/cidel-asset-management-inc-purchases-306-shares-of-fomento-economico-mexicano-sab-fmx.html.

About Fomento Economico Mexicano SAB

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, including sparkling beverages; and waters, juices, coffee, tea, sports and energy drinks, and dairy and plant-based protein beverages.

Further Reading: Return on Equity (ROE)

Want to see what other hedge funds are holding FMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fomento Economico Mexicano SAB (NYSE:FMX).

Institutional Ownership by Quarter for Fomento Economico Mexicano SAB (NYSE:FMX)

Receive News & Ratings for Fomento Economico Mexicano SAB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fomento Economico Mexicano SAB and related companies with MarketBeat.com's FREE daily email newsletter.