APG Asset Management N.V. Has $34.45 Million Stake in Fomento Economico Mexicano S.A.B. de C.V. (FMX)

APG Asset Management N.V. lifted its position in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 14.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 360,580 shares of the company’s stock after purchasing an additional 46,650 shares during the period. APG Asset Management N.V. owned about 0.10% of Fomento Economico Mexicano S.A.B. de C.V. worth $34,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in FMX. Permit Capital LLC increased its stake in shares of Fomento Economico Mexicano S.A.B. de C.V. by 12.8% in the second quarter. Permit Capital LLC now owns 1,100 shares of the company’s stock worth $109,000 after purchasing an additional 125 shares in the last quarter. Intrust Bank NA purchased a new stake in shares of Fomento Economico Mexicano S.A.B. de C.V. in the second quarter worth $200,000. OxFORD Asset Management LLP purchased a new stake in shares of Fomento Economico Mexicano S.A.B. de C.V. in the second quarter worth $201,000. Laurel Wealth Advisors Inc. purchased a new stake in shares of Fomento Economico Mexicano S.A.B. de C.V. in the second quarter worth $202,000. Finally, Quantum Capital Management purchased a new stake in shares of Fomento Economico Mexicano S.A.B. de C.V. in the second quarter worth $206,000. 21.62% of the stock is owned by hedge funds and other institutional investors.

Fomento Economico Mexicano S.A.B. de C.V. (FMX) opened at 91.36 on Friday. The stock has a market capitalization of $32.69 billion, a PE ratio of 26.95 and a beta of 0.55. The company’s 50-day moving average is $95.17 and its 200 day moving average is $96.08. Fomento Economico Mexicano S.A.B. de C.V. has a 1-year low of $73.45 and a 1-year high of $103.82.

The business also recently disclosed a semiannual dividend, which will be paid on Monday, November 13th. Shareholders of record on Monday, November 6th will be given a dividend of $0.6759 per share. This represents a yield of 1.52%. The ex-dividend date of this dividend is Friday, November 3rd. Fomento Economico Mexicano S.A.B. de C.V.’s dividend payout ratio is presently 18.57%.

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A number of analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. J P Morgan Chase & Co raised shares of Fomento Economico Mexicano S.A.B. de C.V. from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $98.00 to $117.00 in a research note on Monday, October 2nd. BidaskClub raised shares of Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Barclays PLC reduced their price objective on shares of Fomento Economico Mexicano S.A.B. de C.V. from $115.00 to $114.00 and set an “overweight” rating for the company in a research note on Wednesday, October 11th. Finally, Gabelli assumed coverage on shares of Fomento Economico Mexicano S.A.B. de C.V. in a research note on Monday, July 17th. They issued a “buy” rating and a $112.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Fomento Economico Mexicano S.A.B. de C.V. currently has a consensus rating of “Buy” and an average price target of $114.40.

Fomento Economico Mexicano S.A.B. de C.V. Company Profile

Fomento Economico Mexicano, SAB. de C.V. (FEMSA) is a holding company. The Company’s segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, SAB. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, SA de C.V.

Institutional Ownership by Quarter for Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX)

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