Bp Plc Has $4.50 Million Position in Fomento Economico Mexicano SAB (FMX)

Bp Plc increased its holdings in Fomento Economico Mexicano SAB (NYSE:FMX) by 26.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,308 shares of the company’s stock after purchasing an additional 10,900 shares during the quarter. Bp Plc’s holdings in Fomento Economico Mexicano SAB were worth $4,496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FMX. Advisors Asset Management Inc. grew its stake in shares of Fomento Economico Mexicano SAB by 18.2% in the second quarter. Advisors Asset Management Inc. now owns 4,168 shares of the company’s stock valued at $366,000 after acquiring an additional 643 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Fomento Economico Mexicano SAB by 37.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 211,474 shares of the company’s stock valued at $20,929,000 after acquiring an additional 57,793 shares in the last quarter. Deprince Race & Zollo Inc. grew its stake in shares of Fomento Economico Mexicano SAB by 13.3% in the third quarter. Deprince Race & Zollo Inc. now owns 54,290 shares of the company’s stock valued at $5,373,000 after acquiring an additional 6,380 shares in the last quarter. Aperio Group LLC grew its stake in shares of Fomento Economico Mexicano SAB by 30.6% in the third quarter. Aperio Group LLC now owns 52,374 shares of the company’s stock valued at $5,183,000 after acquiring an additional 12,271 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Fomento Economico Mexicano SAB by 213.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 225,306 shares of the company’s stock valued at $22,300,000 after acquiring an additional 153,326 shares in the last quarter. 19.60% of the stock is owned by institutional investors.

Several research firms recently commented on FMX. Zacks Investment Research downgraded shares of Fomento Economico Mexicano SAB from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. ValuEngine downgraded shares of Fomento Economico Mexicano SAB from a “buy” rating to a “hold” rating in a research note on Tuesday, November 13th. Finally, Barclays reiterated a “buy” rating and set a $100.00 price objective on shares of Fomento Economico Mexicano SAB in a research note on Thursday, January 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $100.00.

Shares of Fomento Economico Mexicano SAB stock opened at $91.94 on Thursday. The stock has a market cap of $33.22 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 1.35 and a beta of 0.59. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.34 and a current ratio of 1.63. Fomento Economico Mexicano SAB has a 12-month low of $80.86 and a 12-month high of $101.12.

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About Fomento Economico Mexicano SAB

Fomento Económico Mexicano, SAB. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages and a chain of small-format stores. The company produces, markets, distributes, and sells Coca-Cola trademark beverages, including sparkling beverages, such as colas and flavored sparkling beverages; and waters and still beverages comprising juice, coffee, tea, milk, value-added dairy, sports, energy, and plant-based drinks.

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

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