Zevin Asset Management LLC boosted its position in shares of Fomento Economico Mexicano SAB (NYSE:FMX) by 1.9% in the third quarter, Holdings Channel reports. The fund owned 21,263 shares of the company’s stock after acquiring an additional 404 shares during the period. Zevin Asset Management LLC’s holdings in Fomento Economico Mexicano SAB were worth $1,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently added to or reduced their stakes in FMX. Nkcfo LLC acquired a new position in Fomento Economico Mexicano SAB during the 2nd quarter worth $29,000. Marshall Wace LLP bought a new stake in Fomento Economico Mexicano SAB in the first quarter valued at about $36,000. NumerixS Investment Technologies Inc bought a new stake in Fomento Economico Mexicano SAB in the second quarter valued at about $39,000. FinTrust Capital Advisors LLC increased its stake in Fomento Economico Mexicano SAB by 54.6% in the second quarter. FinTrust Capital Advisors LLC now owns 555 shares of the company’s stock valued at $54,000 after acquiring an additional 196 shares during the period. Finally, Trust Co. of Vermont bought a new stake in Fomento Economico Mexicano SAB in the second quarter valued at about $77,000. 20.21% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on the stock. ValuEngine cut shares of Fomento Economico Mexicano SAB from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd. Scotiabank cut shares of Fomento Economico Mexicano SAB from an “outperform” rating to a “sector perform” rating in a research note on Thursday, September 26th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $100.00.
Fomento Economico Mexicano SAB stock traded up $0.59 during trading hours on Friday, hitting $92.78. 284,224 shares of the stock were exchanged, compared to its average volume of 353,496. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.24 and a current ratio of 1.52. The stock has a market capitalization of $31.89 billion, a P/E ratio of 26.89, a P/E/G ratio of 1.65 and a beta of 0.60. Fomento Economico Mexicano SAB has a 12 month low of $80.86 and a 12 month high of $100.35. The business’s 50-day moving average is $91.69 and its two-hundred day moving average is $93.80.
Fomento Economico Mexicano SAB Profile
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, including sparkling beverages; and waters, juices, coffee, tea, sports and energy drinks, and dairy and plant-based protein beverages.
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