Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC lifted its stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX – Get Rating) by 12.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,934 shares of the company’s stock after buying an additional 1,076 shares during the period. MML Investors Services LLC’s holdings in Fomento Económico Mexicano were worth $623,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Yousif Capital Management LLC lifted its stake in shares of Fomento Económico Mexicano by 8.7% during the third quarter. Yousif Capital Management LLC now owns 3,612 shares of the company’s stock worth $227,000 after buying an additional 290 shares during the period. Indus Capital Partners LLC acquired a new stake in shares of Fomento Económico Mexicano during the second quarter worth $1,515,000. One Wealth Advisors LLC lifted its stake in shares of Fomento Económico Mexicano by 70.6% during the second quarter. One Wealth Advisors LLC now owns 6,336 shares of the company’s stock worth $428,000 after buying an additional 2,621 shares during the period. Comgest Global Investors S.A.S. lifted its stake in shares of Fomento Económico Mexicano by 10.4% during the third quarter. Comgest Global Investors S.A.S. now owns 2,202,050 shares of the company’s stock worth $138,179,000 after buying an additional 207,025 shares during the period. Finally, Coerente Capital Management lifted its position in Fomento Económico Mexicano by 0.3% during the third quarter. Coerente Capital Management now owns 141,134 shares of the company’s stock valued at $8,856,000 after purchasing an additional 491 shares during the period. 21.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FMX has been the subject of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Fomento Económico Mexicano from $95.60 to $109.20 and gave the company a “buy” rating in a research report on Wednesday, November 16th. HSBC boosted their target price on shares of Fomento Económico Mexicano from $58.00 to $77.00 and gave the company a “reduce” rating in a research report on Friday, February 17th. Scotiabank upgraded shares of Fomento Económico Mexicano from a “sector perform” rating to an “outperform” rating in a research report on Thursday, February 16th. Citigroup initiated coverage on shares of Fomento Económico Mexicano in a research report on Friday. They set a “buy” rating for the company. Finally, Barclays downgraded shares of Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating and set a $100.00 target price for the company. in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $93.24.

Fomento Económico Mexicano Stock Down 2.6 %

FMX opened at $91.62 on Tuesday. Fomento Económico Mexicano, S.A.B. de C.V. has a fifty-two week low of $58.73 and a fifty-two week high of $95.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.06 and a current ratio of 1.40. The company has a fifty day moving average of $85.78 and a two-hundred day moving average of $75.82. The stock has a market capitalization of $32.78 billion, a price-to-earnings ratio of 26.25 and a beta of 0.92.

Fomento Económico Mexicano Profile

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Fomento Economico Mexicano SAB de CV operates as a holding company, which engages in the production, distribution, and marketing of beverages. The firm also produces, markets, sells, and distributes Coca-Cola trademark beverages, including sparkling beverages. It operates through the following segments: Coca-Cola FEMSA; FEMSA-Comercio Proximity Division; FEMSA-Comercio Health Division; FEMSA-Comercio Fuel Division; Heineken Investment; and Other Business.