Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Stock Holdings Lifted by Northcape Capital Pty Ltd

Northcape Capital Pty Ltd increased its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 3.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 187,015 shares of the company’s stock after acquiring an additional 6,786 shares during the quarter. Fomento Económico Mexicano accounts for 2.9% of Northcape Capital Pty Ltd’s portfolio, making the stock its 6th largest position. Northcape Capital Pty Ltd’s holdings in Fomento Económico Mexicano were worth $24,377,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Morningstar Investment Services LLC grew its stake in shares of Fomento Económico Mexicano by 2.0% during the 3rd quarter. Morningstar Investment Services LLC now owns 97,466 shares of the company’s stock valued at $10,517,000 after acquiring an additional 1,902 shares during the period. Barclays PLC boosted its holdings in Fomento Económico Mexicano by 170.3% in the 3rd quarter. Barclays PLC now owns 17,782 shares of the company’s stock worth $1,941,000 after buying an additional 11,204 shares during the period. QRG Capital Management Inc. purchased a new stake in Fomento Económico Mexicano in the 3rd quarter worth $456,000. JPMorgan Chase & Co. raised its holdings in Fomento Económico Mexicano by 11.5% during the third quarter. JPMorgan Chase & Co. now owns 1,880,584 shares of the company’s stock valued at $205,266,000 after acquiring an additional 193,543 shares during the period. Finally, Black Creek Investment Management Inc. lifted its position in shares of Fomento Económico Mexicano by 10.1% in the third quarter. Black Creek Investment Management Inc. now owns 774,625 shares of the company’s stock valued at $84,550,000 after acquiring an additional 71,093 shares in the last quarter.

Analyst Ratings Changes

FMX has been the topic of several recent analyst reports. StockNews.com downgraded Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. UBS Group downgraded shares of Fomento Económico Mexicano from a “buy” rating to a “neutral” rating in a report on Friday, January 12th. Bank of America reiterated a “neutral” rating on shares of Fomento Económico Mexicano in a research report on Monday, February 26th. Citigroup initiated coverage on Fomento Económico Mexicano in a research note on Thursday, December 7th. They set a “neutral” rating and a $134.00 price objective on the stock. Finally, HSBC upgraded Fomento Económico Mexicano from a “hold” rating to a “buy” rating and raised their price target for the stock from $124.00 to $152.00 in a research report on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Fomento Económico Mexicano has an average rating of “Hold” and an average target price of $135.75.

Fomento Económico Mexicano Stock Performance

Shares of NYSE:FMX traded up $0.50 during midday trading on Thursday, reaching $130.75. The company’s stock had a trading volume of 71,266 shares, compared to its average volume of 667,482. The stock has a fifty day moving average of $131.14 and a 200 day moving average of $123.12. The company has a quick ratio of 1.60, a current ratio of 1.91 and a debt-to-equity ratio of 0.33. Fomento Económico Mexicano, S.A.B. de C.V. has a twelve month low of $91.71 and a twelve month high of $143.43.

Fomento Económico Mexicano (NYSE:FMX) last posted its quarterly earnings results on Friday, February 23rd. The company reported $1.07 earnings per share for the quarter. Fomento Económico Mexicano had a net margin of 8.53% and a return on equity of 9.63%. The firm had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $11.21 billion. On average, analysts predict that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Fomento Económico Mexicano 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 in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay.