Fomento Economico Mexicano SAB (FMX) Position Lifted by Bp Plc

Bp Plc boosted its holdings in shares of Fomento Economico Mexicano SAB (NYSE:FMX) by 26.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,308 shares of the company’s stock after buying an additional 10,900 shares during the period. Bp Plc’s holdings in Fomento Economico Mexicano SAB were worth $4,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Rehmann Capital Advisory Group grew its stake in Fomento Economico Mexicano SAB by 38.4% during the 3rd quarter. Rehmann Capital Advisory Group now owns 494 shares of the company’s stock valued at $49,000 after purchasing an additional 137 shares during the last quarter. Avestar Capital LLC grew its stake in Fomento Economico Mexicano SAB by 4,235.3% during the 4th quarter. Avestar Capital LLC now owns 737 shares of the company’s stock valued at $44,000 after purchasing an additional 720 shares during the last quarter. Columbia Asset Management purchased a new stake in Fomento Economico Mexicano SAB during the 3rd quarter valued at about $144,000. Quadrant Capital Group LLC grew its stake in Fomento Economico Mexicano SAB by 2,550.7% during the 4th quarter. Quadrant Capital Group LLC now owns 1,882 shares of the company’s stock valued at $158,000 after purchasing an additional 1,811 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. purchased a new stake in Fomento Economico Mexicano SAB during the 3rd quarter valued at about $203,000. 19.60% of the stock is currently owned by institutional investors.

Fomento Economico Mexicano SAB stock opened at $91.94 on Thursday. The company has a current ratio of 1.63, a quick ratio of 1.34 and a debt-to-equity ratio of 0.36. The stock has a market cap of $33.22 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 1.35 and a beta of 0.59. Fomento Economico Mexicano SAB has a fifty-two week low of $80.86 and a fifty-two week high of $101.12.

FMX has been the topic of several research analyst reports. Barclays reiterated a “buy” rating and set a $100.00 price target on shares of Fomento Economico Mexicano SAB in a research note on Thursday, January 24th. ValuEngine upgraded Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a research note on Wednesday, November 7th. Finally, Zacks Investment Research downgraded Fomento Economico Mexicano SAB from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Fomento Economico Mexicano SAB presently has an average rating of “Buy” and a consensus target price of $100.00.

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About Fomento Economico Mexicano SAB

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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