R Squared Ltd acquired a new stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,380 shares of the company’s stock, valued at approximately $118,000.
A number of other institutional investors have also modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of Fomento Económico Mexicano by 14.1% during the 4th quarter. Blue Trust Inc. now owns 7,686 shares of the company’s stock valued at $657,000 after acquiring an additional 948 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Fomento Económico Mexicano during the fourth quarter worth about $51,000. SG Americas Securities LLC lifted its stake in shares of Fomento Económico Mexicano by 52.8% during the fourth quarter. SG Americas Securities LLC now owns 3,992 shares of the company’s stock worth $341,000 after purchasing an additional 1,379 shares in the last quarter. Atomi Financial Group Inc. boosted its position in shares of Fomento Económico Mexicano by 13.5% in the fourth quarter. Atomi Financial Group Inc. now owns 2,800 shares of the company’s stock worth $239,000 after buying an additional 334 shares during the period. Finally, Perpetual Ltd raised its holdings in shares of Fomento Económico Mexicano by 23.8% during the 4th quarter. Perpetual Ltd now owns 924,669 shares of the company’s stock valued at $79,050,000 after buying an additional 177,843 shares during the period. Hedge funds and other institutional investors own 61.00% of the company’s stock.
Fomento Económico Mexicano Price Performance
FMX opened at $87.24 on Friday. 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 company’s 50-day moving average price is $86.28 and its 200 day moving average price is $97.06. Fomento Económico Mexicano, S.A.B. de C.V. has a fifty-two week low of $81.07 and a fifty-two week high of $143.43. The firm has a market cap of $31.21 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 4.87 and a beta of 0.90.
Fomento Económico Mexicano Increases Dividend
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Barclays downgraded shares of Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group dropped their price target on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating on the stock in a research note on Tuesday. Finally, StockNews.com raised shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $119.20.
View Our Latest Report on Fomento Económico Mexicano
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.
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