Fomento Economico Mexicano SAB (NYSE:FMX) saw strong trading volume on Wednesday . 505,144 shares changed hands during mid-day trading, a decline of 1% from the previous session’s volume of 512,212 shares.The stock last traded at $88.68 and had previously closed at $87.51.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Fomento Economico Mexicano SAB from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. HSBC upgraded shares of Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a report on Wednesday, August 10th. Finally, Barclays PLC restated a “buy” rating and issued a $110.00 price objective on shares of Fomento Economico Mexicano SAB in a report on Tuesday, July 19th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Fomento Economico Mexicano SAB presently has an average rating of “Buy” and an average target price of $107.75.

The firm’s 50 day moving average price is $92.69 and its 200 day moving average price is $91.93. The company has a market capitalization of $32.38 billion, a price-to-earnings ratio of 33.39 and a beta of 0.75.

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Fomento Economico Mexicano SAB (NYSE:FMX) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by $0.12. Fomento Economico Mexicano SAB had a net margin of 5.61% and a return on equity of 8.08%. Equities research analysts predict that Fomento Economico Mexicano SAB will post $3.07 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the stock. Seven Eight Capital LLC increased its position in Fomento Economico Mexicano SAB by 133.3% in the first quarter. Seven Eight Capital LLC now owns 2,100 shares of the company’s stock worth $202,000 after buying an additional 1,200 shares in the last quarter. Rhumbline Advisers increased its position in Fomento Economico Mexicano SAB by 0.6% in the second quarter. Rhumbline Advisers now owns 2,332 shares of the company’s stock worth $216,000 after buying an additional 13 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Fomento Economico Mexicano SAB by 14.6% in the second quarter. Daiwa Securities Group Inc. now owns 2,350 shares of the company’s stock worth $217,000 after buying an additional 300 shares in the last quarter. Quantbot Technologies LP acquired a new position in Fomento Economico Mexicano SAB during the second quarter worth about $231,000. Finally, BTC Capital Management Inc. increased its position in Fomento Economico Mexicano SAB by 9.9% in the second quarter. BTC Capital Management Inc. now owns 2,661 shares of the company’s stock worth $246,000 after buying an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 20.24% of the company’s stock.

About Fomento Economico Mexicano SAB

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.

5 Day Chart for NYSE:FMX

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