Beverly Hills Private Wealth LLC Lowers Stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Beverly Hills Private Wealth LLC lowered its holdings in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMXFree Report) by 52.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,996 shares of the company’s stock after selling 2,242 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Fomento Económico Mexicano were worth $218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Gabelli Funds LLC raised its position in Fomento Económico Mexicano by 0.9% during the third quarter. Gabelli Funds LLC now owns 233,900 shares of the company’s stock worth $25,530,000 after acquiring an additional 2,000 shares during the last quarter. Cidel Asset Management Inc. grew its holdings in shares of Fomento Económico Mexicano by 1.0% during the third quarter. Cidel Asset Management Inc. now owns 170,617 shares of the company’s stock worth $18,623,000 after buying an additional 1,738 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Fomento Económico Mexicano during the third quarter worth about $596,000. Quantbot Technologies LP purchased a new stake in shares of Fomento Económico Mexicano during the third quarter worth about $2,025,000. Finally, Barclays PLC grew its holdings in shares of Fomento Económico Mexicano by 170.3% during the third quarter. Barclays PLC now owns 17,782 shares of the company’s stock worth $1,941,000 after buying an additional 11,204 shares in the last quarter.

Fomento Económico Mexicano Stock Up 1.5 %

FMX opened at $141.60 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.64 and a debt-to-equity ratio of 0.35. Fomento Económico Mexicano, S.A.B. de C.V. has a 52-week low of $81.51 and a 52-week high of $143.18. The company has a 50 day moving average of $131.87 and a two-hundred day moving average of $119.56.

Analyst Ratings Changes

A number of brokerages have recently commented on FMX. UBS Group downgraded shares of Fomento Económico Mexicano from a “buy” rating to a “neutral” rating in a report on Friday, January 12th. Citigroup assumed coverage on shares of Fomento Económico Mexicano in a report on Thursday, December 7th. They set a “neutral” rating and a $134.00 price target for the company. HSBC upgraded shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating and boosted their target price for the company from $124.00 to $152.00 in a report on Friday. Barclays upgraded shares of Fomento Económico Mexicano from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $115.00 to $130.00 in a report on Monday, October 30th. Finally, StockNews.com upgraded shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a report on Monday, December 11th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Fomento Económico Mexicano currently has a consensus rating of “Moderate Buy” and an average target price of $130.60.

View Our Latest Stock Report on Fomento Económico Mexicano

About Fomento Económico Mexicano

(Free Report)

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.

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

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