Marathon Capital Management Purchases New Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Marathon Capital Management purchased a new stake in Fomento Económico Mexicano, S.A.B.

de C.V. ( NYSE:FMX – Free Report ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC.



The fund purchased 34,495 shares of the company’s stock, valued at approximately $3,713,000. Fomento Económico Mexicano makes up 0.9% of Marathon Capital Management’s holdings, making the stock its 27th biggest holding.

Several other large investors have also made changes to their positions in the company. Park Place Capital Corp lifted its holdings in Fomento Económico Mexicano by 78.2% in the 1st quarter.

Park Place Capital Corp now owns 221 shares of the company’s stock worth $29,000 after purchasing an additional 97 shares during the last quarter. Mather Group LLC. acquired a new position in shares of Fomento Económico Mexicano during the first quarter worth approximately $34,000.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Fomento Económico Mexicano in the second quarter valued at $51,000. Parallel Advisors LLC raised its stake in shares of Fomento Económico Mexicano by 22.1% in the fourth quarter.

Parallel Advisors LLC now owns 741 shares of the company’s stock valued at $97,000 after purchasing an additional 134 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Fomento Económico Mexicano by 28.7% in the second quarter.

CWM LLC now owns 956 shares of the company’s stock valued at $103,000 after purchasing an additional 213 shares in the last quarter. Fomento Económico Mexicano Price Performance Shares of FMX stock opened at $100.87 on Friday.

The stock has a 50-day moving average price of $107.02 and a 200 day moving average price of $114.09.

The company has a quick ratio of 1.44, a current ratio of 1.72 and a debt-to-equity ratio of 0.

36. The firm has a market cap of $36.09 billion, a price-to-earnings ratio of 27.

34, a PEG ratio of 5.75 and a beta of 0.94.

Fomento Económico Mexicano, S.A.B.

de C.V. has a 12 month low of $98.

97 and a 12 month high of $143.43. Fomento Económico Mexicano Increases Dividend The business also recently announced a semi-annual dividend, which was paid on Monday, July 29th.

Shareholders of record on Wednesday, July 17th were issued a dividend of $1.0206 per share. The ex-dividend date of this dividend was Wednesday, July 17th.

This represents a yield of 1.5%. This is a boost from Fomento Económico Mexicano’s previous semi-annual dividend of $0.

74. Fomento Económico Mexicano’s dividend payout ratio (DPR) is 14.36%.

Analysts Set New Price Targets FMX has been the subject of a number of recent research reports. Barclays cut their target price on Fomento Económico Mexicano from $160.00 to $145.

00 and set an “overweight” rating for the company in a research note on Monday, July 15th. StockNews.com lowered Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a research note on Monday.

Finally, JPMorgan Chase & Co. lowered Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $104.00 to $109.

00 in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.

com, the company currently has a consensus rating of “Hold” and an average price target of $133.40. Read Our Latest Research Report on Fomento Económico Mexicano About Fomento Económico Mexicano ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding FMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fomento Económico Mexicano, S.

A.B. de C.

V. ( NYSE:FMX – Free Report ). Receive News & Ratings for Fomento Económico Mexicano Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fomento Económico Mexicano and related companies with MarketBeat.

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