LA Financiere DE L Echiquier Acquires 47,517 Shares of Fomento Economico Mexicano SAB (NYSE:FMX)

LA Financiere DE L Echiquier raised its holdings in Fomento Economico Mexicano SAB (NYSE:FMX) by 28.8% in the third quarter, HoldingsChannel.com reports. The firm owned 212,591 shares of the company’s stock after purchasing an additional 47,517 shares during the quarter. Fomento Economico Mexicano SAB comprises approximately 2.3% of LA Financiere DE L Echiquier’s holdings, making the stock its 16th biggest holding. LA Financiere DE L Echiquier’s holdings in Fomento Economico Mexicano SAB were worth $19,469,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GW&K Investment Management LLC bought a new stake in shares of Fomento Economico Mexicano SAB during the 3rd quarter worth approximately $113,000. Zevin Asset Management LLC increased its position in Fomento Economico Mexicano SAB by 1.9% during the 3rd quarter. Zevin Asset Management LLC now owns 21,263 shares of the company’s stock worth $1,947,000 after purchasing an additional 404 shares in the last quarter. SG Americas Securities LLC acquired a new position in Fomento Economico Mexicano SAB during the 3rd quarter worth approximately $1,211,000. Bartlett & Co. LLC acquired a new position in Fomento Economico Mexicano SAB during the 3rd quarter worth approximately $5,522,000. Finally, Parallel Advisors LLC increased its position in Fomento Economico Mexicano SAB by 19.8% during the 3rd quarter. Parallel Advisors LLC now owns 877 shares of the company’s stock worth $80,000 after purchasing an additional 145 shares in the last quarter. 20.21% of the stock is owned by hedge funds and other institutional investors.

FMX has been the subject of a number of research analyst reports. ValuEngine cut shares of Fomento Economico Mexicano SAB from a “buy” rating to a “hold” rating in a research report on Monday, July 22nd. Scotiabank cut shares of Fomento Economico Mexicano SAB from an “outperform” rating to a “sector perform” rating in a research report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $100.00.

FMX stock traded down $0.18 during trading on Monday, reaching $92.60. 418,306 shares of the company were exchanged, compared to its average volume of 353,793. The company has a 50-day moving average of $91.69 and a two-hundred day moving average of $93.80. The company has a market capitalization of $33.20 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 1.65 and a beta of 0.60. Fomento Economico Mexicano SAB has a twelve month low of $80.86 and a twelve month high of $100.35. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.52 and a quick ratio of 1.24.

About Fomento Economico Mexicano SAB

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

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