Fomento Económico Mexicano (NYSE:FMX) Cut to Equal Weight at Barclays

Fomento Económico Mexicano (NYSE:FMX) was downgraded by investment analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report released on Tuesday, Marketbeat reports.

A number of other analysts have also recently commented on FMX. StockNews.com upgraded shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lowered shares of Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $104.00 to $109.00 in a report on Monday, September 23rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $126.33.

Fomento Económico Mexicano Stock Up 0.0 %

Shares of FMX stock opened at $82.30 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32. The company has a market cap of $29.45 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 4.76 and a beta of 0.90. The stock’s fifty day moving average price is $87.03 and its 200 day moving average price is $98.31. Fomento Económico Mexicano has a 1-year low of $81.07 and a 1-year high of $143.43.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Brooklyn Investment Group grew its holdings in Fomento Económico Mexicano by 82.8% during the fourth quarter. Brooklyn Investment Group now owns 340 shares of the company’s stock worth $29,000 after acquiring an additional 154 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of Fomento Económico Mexicano during the 3rd quarter valued at approximately $55,000. Rosenberg Matthew Hamilton lifted its stake in shares of Fomento Económico Mexicano by 30.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company’s stock valued at $65,000 after purchasing an additional 176 shares during the period. Van ECK Associates Corp boosted its holdings in Fomento Económico Mexicano by 61.7% during the third quarter. Van ECK Associates Corp now owns 802 shares of the company’s stock worth $78,000 after buying an additional 306 shares in the last quarter. Finally, UMB Bank n.a. grew its position in Fomento Económico Mexicano by 29.7% during the fourth quarter. UMB Bank n.a. now owns 887 shares of the company’s stock valued at $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.

Fomento Económico Mexicano Company 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.