Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC lessened its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 97.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 345 shares of the company’s stock after selling 13,035 shares during the period. Headlands Technologies LLC’s holdings in Fomento Económico Mexicano were worth $29,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Brooklyn Investment Group raised its position in shares of Fomento Económico Mexicano by 82.8% in the 4th quarter. Brooklyn Investment Group now owns 340 shares of the company’s stock valued at $29,000 after purchasing an additional 154 shares during the last quarter. Mather Group LLC. increased its stake in Fomento Económico Mexicano by 179.1% during the 4th quarter. Mather Group LLC. now owns 575 shares of the company’s stock valued at $49,000 after purchasing an additional 369 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Fomento Económico Mexicano during the 4th quarter valued at approximately $51,000. Rosenberg Matthew Hamilton raised its holdings in shares of Fomento Económico Mexicano by 30.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company’s stock worth $65,000 after buying an additional 176 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Fomento Económico Mexicano by 29.7% during the fourth quarter. UMB Bank n.a. now owns 887 shares of the company’s stock worth $76,000 after buying an additional 203 shares during the period. Hedge funds and other institutional investors own 61.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FMX shares. Itau BBA Securities raised Fomento Económico Mexicano from a “market perform” rating to an “outperform” rating in a research report on Monday. Barclays raised their price objective on Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. UBS Group upped their target price on Fomento Económico Mexicano from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, March 14th. Finally, The Goldman Sachs Group reduced their price target on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.95.

Fomento Económico Mexicano Stock Performance

Shares of FMX stock opened at $93.19 on Wednesday. Fomento Económico Mexicano, S.A.B. de C.V. has a 52-week low of $81.08 and a 52-week high of $130.00. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.37. The stock has a market cap of $33.34 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 5.26 and a beta of 0.68. The business has a 50-day simple moving average of $93.69 and a 200-day simple moving average of $92.05.

Fomento Económico Mexicano (NYSE:FMX) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($1.05). The company had revenue of $9.99 billion during the quarter, compared to analyst estimates of $201.67 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. On average, equities analysts expect that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 EPS for the current year.

Fomento Económico Mexicano 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.