Fomento Economico Mexicano SAB (FMX) Shares Sold by AMP Capital Investors Ltd

AMP Capital Investors Ltd trimmed its holdings in shares of Fomento Economico Mexicano SAB (NYSE:FMX) by 4.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,308 shares of the company’s stock after selling 4,591 shares during the quarter. AMP Capital Investors Ltd’s holdings in Fomento Economico Mexicano SAB were worth $8,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Cumberland Partners Ltd purchased a new position in Fomento Economico Mexicano SAB during the 2nd quarter worth $878,000. AGF Investments Inc. lifted its position in Fomento Economico Mexicano SAB by 1.0% during the 2nd quarter. AGF Investments Inc. now owns 174,454 shares of the company’s stock worth $15,315,000 after acquiring an additional 1,808 shares during the period. Zevin Asset Management LLC lifted its position in Fomento Economico Mexicano SAB by 5.2% during the 2nd quarter. Zevin Asset Management LLC now owns 20,153 shares of the company’s stock worth $1,769,000 after acquiring an additional 994 shares during the period. TD Asset Management Inc. lifted its position in Fomento Economico Mexicano SAB by 7.0% during the 2nd quarter. TD Asset Management Inc. now owns 31,697 shares of the company’s stock worth $2,783,000 after acquiring an additional 2,060 shares during the period. Finally, Stevens Capital Management LP acquired a new stake in Fomento Economico Mexicano SAB during the 2nd quarter worth about $393,000. Hedge funds and other institutional investors own 20.02% of the company’s stock.

A number of analysts have commented on the company. Gabelli reaffirmed a “buy” rating on shares of Fomento Economico Mexicano SAB in a research report on Monday, July 30th. Zacks Investment Research raised Fomento Economico Mexicano SAB from a “sell” rating to a “hold” rating in a research report on Saturday, July 14th. JPMorgan Chase & Co. assumed coverage on Fomento Economico Mexicano SAB in a research report on Monday, August 6th. They set an “overweight” rating for the company. Finally, ValuEngine raised Fomento Economico Mexicano SAB from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 28th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $115.00.

Shares of FMX stock opened at $97.80 on Friday. The stock has a market capitalization of $33.97 billion, a PE ratio of 16.22, a P/E/G ratio of 1.61 and a beta of 0.54. The company has a quick ratio of 1.17, a current ratio of 1.49 and a debt-to-equity ratio of 0.37. Fomento Economico Mexicano SAB has a 52-week low of $80.86 and a 52-week high of $101.12.

Fomento Economico Mexicano SAB (NYSE:FMX) last issued its quarterly earnings data on Friday, July 27th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.27. The business had revenue of $6.45 billion during the quarter, compared to analysts’ expectations of $6.36 billion. Fomento Economico Mexicano SAB had a return on equity of 13.91% and a net margin of 9.31%. equities research analysts expect that Fomento Economico Mexicano SAB will post 3.73 earnings per share for the current fiscal year.

Fomento Economico Mexicano SAB Profile

Fomento Económico Mexicano, SAB. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages and a chain of small-format stores. The company produces, markets, distributes, and sells Coca-Cola trademark beverages, including sparkling beverages, such as colas and flavored sparkling beverages; and waters and still beverages comprising juice, coffee, tea, milk, value-added dairy, sports, energy, and plant-based drinks.

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

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