Fomento Economico Mexicano SAB (FMX) Position Reduced by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its position in Fomento Economico Mexicano SAB (NYSE:FMX) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,012 shares of the company’s stock after selling 2,708 shares during the quarter. Hsbc Holdings PLC’s holdings in Fomento Economico Mexicano SAB were worth $3,443,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FMX. Avestar Capital LLC raised its holdings in Fomento Economico Mexicano SAB by 4,235.3% in the 4th quarter. Avestar Capital LLC now owns 737 shares of the company’s stock worth $44,000 after acquiring an additional 720 shares during the period. Rehmann Capital Advisory Group increased its holdings in shares of Fomento Economico Mexicano SAB by 38.4% during the 3rd quarter. Rehmann Capital Advisory Group now owns 494 shares of the company’s stock worth $49,000 after purchasing an additional 137 shares during the period. Advisor Group Inc. increased its holdings in shares of Fomento Economico Mexicano SAB by 232.0% during the 4th quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock worth $150,000 after purchasing an additional 1,218 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of 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 worth $158,000 after purchasing an additional 1,811 shares during the period. Finally, Laurel Wealth Advisors Inc. bought a new position in shares of Fomento Economico Mexicano SAB during the 3rd quarter worth about $203,000. Hedge funds and other institutional investors own 20.39% of the company’s stock.

NYSE:FMX opened at $88.98 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.40 and a debt-to-equity ratio of 0.32. Fomento Economico Mexicano SAB has a 52-week low of $80.86 and a 52-week high of $101.12. The stock has a market cap of $31.84 billion, a PE ratio of 25.79, a P/E/G ratio of 1.41 and a beta of 0.63.

Several research analysts have recently issued reports on FMX shares. Barclays restated a “buy” rating and set a $100.00 price objective on shares of Fomento Economico Mexicano SAB in a report on Thursday, January 24th. ValuEngine upgraded shares of Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a report on Wednesday, January 16th. Zacks Investment Research downgraded shares of Fomento Economico Mexicano SAB from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. Finally, Santander downgraded shares of Fomento Economico Mexicano SAB from a “hold” rating to an “underperform” rating in a report on Monday, February 25th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $100.00.

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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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