Fomento Economico Mexicano SAB (NYSE:FMX) Shares Bought by Zevin Asset Management LLC

Zevin Asset Management LLC raised its stake in Fomento Economico Mexicano SAB (NYSE:FMX) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,263 shares of the company’s stock after acquiring an additional 404 shares during the period. Zevin Asset Management LLC’s holdings in Fomento Economico Mexicano SAB were worth $1,947,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Fomento Economico Mexicano SAB by 21.7% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,245 shares of the company’s stock valued at $1,668,000 after buying an additional 3,078 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in Fomento Economico Mexicano SAB during the second quarter worth approximately $1,706,000. ETRADE Capital Management LLC raised its holdings in Fomento Economico Mexicano SAB by 39.3% during the second quarter. ETRADE Capital Management LLC now owns 4,840 shares of the company’s stock worth $468,000 after purchasing an additional 1,365 shares in the last quarter. Invesco Ltd. raised its holdings in Fomento Economico Mexicano SAB by 60.3% during the second quarter. Invesco Ltd. now owns 7,268,917 shares of the company’s stock worth $703,268,000 after purchasing an additional 2,735,692 shares in the last quarter. Finally, Harbour Capital Advisors LLC raised its holdings in Fomento Economico Mexicano SAB by 40.4% during the second quarter. Harbour Capital Advisors LLC now owns 3,685 shares of the company’s stock worth $357,000 after purchasing an additional 1,060 shares in the last quarter. Institutional investors own 20.21% of the company’s stock.

Several research analysts have issued reports on FMX shares. ValuEngine cut Fomento Economico Mexicano SAB from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Scotiabank cut Fomento Economico Mexicano SAB from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $100.00.

Shares of NYSE FMX traded up $0.59 during trading on Friday, hitting $92.78. The company had a trading volume of 284,224 shares, compared to its average volume of 353,496. The company has a market cap of $31.89 billion, a P/E ratio of 26.89, a PEG ratio of 1.65 and a beta of 0.60. Fomento Economico Mexicano SAB has a 52 week low of $80.86 and a 52 week high of $100.35. The business’s 50-day moving average is $91.69 and its 200 day moving average is $93.80. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.24 and a current ratio of 1.52.

About Fomento Economico Mexicano SAB

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, including sparkling beverages; and waters, juices, coffee, tea, sports and energy drinks, and dairy and plant-based protein beverages.

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

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