Bank of New York Mellon Corp Raises Stock Position in Fomento Economico Mexicano SAB (NYSE:FMX)

Bank of New York Mellon Corp grew its holdings in Fomento Economico Mexicano SAB (NYSE:FMX) by 3.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,011 shares of the company’s stock after buying an additional 250 shares during the period. Bank of New York Mellon Corp’s holdings in Fomento Economico Mexicano SAB were worth $774,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. GQG Partners LLC grew its stake in shares of Fomento Economico Mexicano SAB by 2.1% in the 1st quarter. GQG Partners LLC now owns 1,035,444 shares of the company’s stock worth $95,376,000 after buying an additional 21,758 shares in the last quarter. Coronation Fund Managers Ltd. grew its stake in shares of Fomento Economico Mexicano SAB by 10.9% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 1,020,260 shares of the company’s stock worth $98,710,000 after buying an additional 100,152 shares in the last quarter. Axiom International Investors LLC DE grew its stake in shares of Fomento Economico Mexicano SAB by 4.6% in the 2nd quarter. Axiom International Investors LLC DE now owns 706,595 shares of the company’s stock worth $68,363,000 after buying an additional 30,815 shares in the last quarter. USS Investment Management Ltd grew its stake in shares of Fomento Economico Mexicano SAB by 9.6% in the 1st quarter. USS Investment Management Ltd now owns 514,082 shares of the company’s stock worth $47,429,000 after buying an additional 45,000 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Fomento Economico Mexicano SAB by 281.8% in the 2nd quarter. Acadian Asset Management LLC now owns 380,387 shares of the company’s stock worth $36,806,000 after buying an additional 280,762 shares in the last quarter. 20.21% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on FMX shares. 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. ValuEngine cut shares of Fomento Economico Mexicano SAB from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Fomento Economico Mexicano SAB presently has a consensus rating of “Hold” and an average price target of $100.00.



Fomento Economico Mexicano SAB stock opened at $91.60 on Friday. The firm has a 50-day moving average price of $92.02 and a 200-day moving average price of $94.29. The firm has a market capitalization of $32.60 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 1.60 and a beta of 0.61. The company has a current ratio of 1.40, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. Fomento Economico Mexicano SAB has a 12-month low of $80.86 and a 12-month high of $100.35.

Fomento Economico Mexicano SAB (NYSE:FMX) last released its earnings results on Thursday, July 25th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.02. The firm had revenue of $6.71 billion during the quarter. Fomento Economico Mexicano SAB had a net margin of 4.72% and a return on equity of 6.88%. As a group, sell-side analysts predict that Fomento Economico Mexicano SAB will post 3.68 earnings per share for the current fiscal year.

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

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