Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Shares Acquired by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton boosted its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 30.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 758 shares of the company’s stock after acquiring an additional 176 shares during the period. Rosenberg Matthew Hamilton’s holdings in Fomento Económico Mexicano were worth $65,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Fomento Económico Mexicano in the third quarter valued at about $7,672,000. BNP Paribas Financial Markets raised its position in shares of Fomento Económico Mexicano by 107.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 326,302 shares of the company’s stock worth $32,209,000 after purchasing an additional 169,184 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Fomento Económico Mexicano by 740.2% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 472,200 shares of the company’s stock valued at $50,832,000 after buying an additional 416,000 shares in the last quarter. Perpetual Ltd grew its holdings in Fomento Económico Mexicano by 9.4% during the 3rd quarter. Perpetual Ltd now owns 746,826 shares of the company’s stock valued at $73,719,000 after buying an additional 64,291 shares during the last quarter. Finally, Baillie Gifford & Co. increased its position in Fomento Económico Mexicano by 10.8% during the third quarter. Baillie Gifford & Co. now owns 4,306,739 shares of the company’s stock worth $425,118,000 after buying an additional 421,057 shares in the last quarter. 61.00% of the stock is owned by institutional investors and hedge funds.

Fomento Económico Mexicano Price Performance

Shares of NYSE:FMX opened at $83.60 on Wednesday. The company has a market cap of $29.91 billion, a P/E ratio of 21.44, a P/E/G ratio of 5.19 and a beta of 0.90. The business has a fifty day simple moving average of $88.15 and a 200-day simple moving average of $99.00. Fomento Económico Mexicano, S.A.B. de C.V. has a 52 week low of $81.07 and a 52 week high of $143.43. The company has a quick ratio of 1.44, a current ratio of 1.72 and a debt-to-equity ratio of 0.36.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FMX. Barclays reduced their price objective on Fomento Económico Mexicano from $125.00 to $118.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. StockNews.com upgraded shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. downgraded shares of Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $104.00 to $109.00 in a report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $126.33.

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.