Northcape Capital Pty Ltd continued to hold its position in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,805 shares of the company’s stock at the end of the second quarter. Fomento Economico Mexicano S.A.B. de C.V. accounts for approximately 0.1% of Northcape Capital Pty Ltd’s investment portfolio, making the stock its 13th largest position. Northcape Capital Pty Ltd’s holdings in Fomento Economico Mexicano S.A.B. de C.V. were worth $374,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Fomento Economico Mexicano S.A.B. de C.V. during the first quarter worth about $118,653,000. Schroder Investment Management Group raised its position in shares of Fomento Economico Mexicano S.A.B. de C.V. by 302.3% in the first quarter. Schroder Investment Management Group now owns 1,402,999 shares of the company’s stock worth $127,013,000 after buying an additional 1,054,253 shares during the last quarter. FIL Ltd raised its position in shares of Fomento Economico Mexicano S.A.B. de C.V. by 15.2% in the first quarter. FIL Ltd now owns 2,346,144 shares of the company’s stock worth $207,680,000 after buying an additional 309,600 shares during the last quarter. Sustainable Growth Advisers LP raised its position in shares of Fomento Economico Mexicano S.A.B. de C.V. by 70.4% in the first quarter. Sustainable Growth Advisers LP now owns 562,912 shares of the company’s stock worth $49,829,000 after buying an additional 232,525 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of Fomento Economico Mexicano S.A.B. de C.V. during the first quarter worth about $20,045,000. 23.85% of the stock is currently owned by institutional investors.

Fomento Economico Mexicano S.A.B. de C.V. (FMX) opened at 98.99 on Monday. The firm has a market capitalization of $35.42 billion, a price-to-earnings ratio of 28.78 and a beta of 0.57. The firm has a 50 day moving average price of $98.91 and a 200-day moving average price of $90.15. Fomento Economico Mexicano S.A.B. de C.V. has a 12 month low of $73.45 and a 12 month high of $103.82.

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) last released its earnings results on Tuesday, July 25th. The company reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.11. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.49 billion. Fomento Economico Mexicano S.A.B. de C.V. had a net margin of 5.26% and a return on equity of 8.42%. On average, equities analysts forecast that Fomento Economico Mexicano S.A.B. de C.V. will post $3.43 EPS for the current year.

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A number of equities analysts have issued reports on FMX shares. Zacks Investment Research raised Fomento Economico Mexicano S.A.B. de C.V. from a “hold” rating to a “buy” rating and set a $112.00 target price on the stock in a research report on Friday, July 14th. Barclays PLC cut their target price on Fomento Economico Mexicano S.A.B. de C.V. from $106.00 to $92.00 and set an “overweight” rating on the stock in a research report on Monday, May 1st. Citigroup Inc. lowered Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 13th. BidaskClub lowered Fomento Economico Mexicano S.A.B. de C.V. from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Finally, Gabelli started coverage on Fomento Economico Mexicano S.A.B. de C.V. in a research report on Monday, July 17th. They issued a “buy” rating and a $112.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $105.33.

Fomento Economico Mexicano S.A.B. de C.V. Company Profile

Fomento Economico Mexicano, SAB. de C.V. (FEMSA) is a holding company. The Company’s segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, SAB. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, SA de C.V.

Institutional Ownership by Quarter for Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX)

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