Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMXFree Report) by 26.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,536 shares of the company’s stock after purchasing an additional 1,785 shares during the period. SG Americas Securities LLC’s holdings in Fomento Económico Mexicano were worth $1,113,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in Fomento Económico Mexicano by 674.3% in the first quarter. Bank of New York Mellon Corp now owns 51,178 shares of the company’s stock valued at $4,239,000 after buying an additional 44,568 shares during the last quarter. American Century Companies Inc. raised its position in Fomento Económico Mexicano by 8.0% in the 1st quarter. American Century Companies Inc. now owns 15,776 shares of the company’s stock valued at $1,307,000 after purchasing an additional 1,162 shares during the last quarter. HighTower Advisors LLC acquired a new stake in Fomento Económico Mexicano during the 1st quarter worth $202,000. BlackRock Inc. grew its position in Fomento Económico Mexicano by 22.2% during the 1st quarter. BlackRock Inc. now owns 2,019,228 shares of the company’s stock worth $167,294,000 after purchasing an additional 366,751 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Fomento Económico Mexicano by 24.6% in the first quarter. Dimensional Fund Advisors LP now owns 390,008 shares of the company’s stock valued at $32,314,000 after purchasing an additional 77,073 shares during the period.

Fomento Económico Mexicano Price Performance

FMX opened at $130.27 on Friday. The business has a 50 day simple moving average of $131.06 and a 200-day simple moving average of $123.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.91 and a quick ratio of 1.60. Fomento Económico Mexicano, S.A.B. de C.V. has a 12 month low of $91.71 and a 12 month high of $143.43.

Fomento Económico Mexicano (NYSE:FMXGet Free Report) last issued its earnings results on Friday, February 23rd. The company reported $1.07 EPS for the quarter. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $11.21 billion. Fomento Económico Mexicano had a net margin of 8.53% and a return on equity of 9.63%. On average, research analysts anticipate that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.7 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FMX shares. Bank of America reiterated a “neutral” rating on shares of Fomento Económico Mexicano in a research note on Monday, February 26th. HSBC upgraded Fomento Económico Mexicano from a “hold” rating to a “buy” rating and lifted their target price for the company from $124.00 to $152.00 in a research note on Friday, February 9th. UBS Group cut Fomento Económico Mexicano from a “buy” rating to a “neutral” rating in a research note on Friday, January 12th. Citigroup started coverage on shares of Fomento Económico Mexicano in a research report on Thursday, December 7th. They issued a “neutral” rating and a $134.00 price objective on the stock. Finally, StockNews.com cut shares of Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Fomento Económico Mexicano has an average rating of “Hold” and an average target price of $135.75.

Read Our Latest Stock Analysis on FMX

Fomento Económico Mexicano Profile

(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.

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

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