Fomento Economico Mexicano S.A.B. de C.V. (FMX) Position Maintained by Yorktown Management & Research Co Inc

Yorktown Management & Research Co Inc held its position in shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,700 shares of the company’s stock at the end of the 2nd quarter. Yorktown Management & Research Co Inc’s holdings in Fomento Economico Mexicano S.A.B. de C.V. were worth $266,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BT Investment Management Ltd bought a new stake in shares of Fomento Economico Mexicano S.A.B. de C.V. in the second quarter worth about $7,306,000. Fiera Capital Corp boosted its position in Fomento Economico Mexicano S.A.B. de C.V. by 96.1% during the 2nd quarter. Fiera Capital Corp now owns 172,266 shares of the company’s stock valued at $16,941,000 after acquiring an additional 84,442 shares in the last quarter. Commonwealth Bank of Australia boosted its position in Fomento Economico Mexicano S.A.B. de C.V. by 79.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 947,776 shares of the company’s stock valued at $93,202,000 after acquiring an additional 420,114 shares in the last quarter. Schroder Investment Management Group boosted its position in Fomento Economico Mexicano S.A.B. de C.V. by 5.1% during the 2nd quarter. Schroder Investment Management Group now owns 1,474,603 shares of the company’s stock valued at $142,829,000 after acquiring an additional 71,604 shares in the last quarter. Finally, Sustainable Growth Advisers LP boosted its position in Fomento Economico Mexicano S.A.B. de C.V. by 8.5% during the 2nd quarter. Sustainable Growth Advisers LP now owns 611,030 shares of the company’s stock valued at $60,089,000 after acquiring an additional 48,118 shares in the last quarter. 21.57% of the stock is currently owned by institutional investors.

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Shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE FMX) opened at 97.46 on Monday. The company has a market capitalization of $34.87 billion, a PE ratio of 29.09 and a beta of 0.58. The firm’s 50-day moving average price is $99.83 and its 200 day moving average price is $94.75. Fomento Economico Mexicano S.A.B. de C.V. has a 52-week low of $73.45 and a 52-week high of $103.82.

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) last issued its earnings results on Tuesday, July 25th. The company reported $0.72 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.11). The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.49 billion. Fomento Economico Mexicano S.A.B. de C.V. had a return on equity of 8.42% and a net margin of 5.26%. On average, equities analysts forecast that Fomento Economico Mexicano S.A.B. de C.V. will post $3.48 earnings per share for the current year.

Several analysts have weighed in 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 $109.00 price objective on the stock in a research report on Wednesday, September 6th. BidaskClub cut 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 set a “buy” rating and a $112.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $108.75.

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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