Stifel Financial Corp Purchases 1,653 Shares of Fomento Economico Mexicano SAB (FMX)

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Stifel Financial Corp lifted its position in shares of Fomento Economico Mexicano SAB (NYSE:FMX) by 73.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,901 shares of the company’s stock after buying an additional 1,653 shares during the quarter. Stifel Financial Corp’s holdings in Fomento Economico Mexicano SAB were worth $331,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FMX. Avestar Capital LLC grew its position in shares of Fomento Economico Mexicano SAB by 4,235.3% during the 4th quarter. Avestar Capital LLC now owns 737 shares of the company’s stock worth $44,000 after buying an additional 720 shares in the last quarter. Rehmann Capital Advisory Group grew its position in shares of Fomento Economico Mexicano SAB by 38.4% during the 3rd quarter. Rehmann Capital Advisory Group now owns 494 shares of the company’s stock worth $49,000 after buying an additional 137 shares in the last quarter. Advisor Group Inc. grew its position in shares of Fomento Economico Mexicano SAB by 232.0% during the 4th quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock worth $150,000 after buying an additional 1,218 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of Fomento Economico Mexicano SAB by 2,550.7% during the 4th quarter. Quadrant Capital Group LLC now owns 1,882 shares of the company’s stock worth $158,000 after buying an additional 1,811 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. bought a new position in shares of Fomento Economico Mexicano SAB during the 3rd quarter worth $203,000. 20.42% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE FMX opened at $96.78 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.75 and a quick ratio of 1.40. The firm has a market cap of $34.49 billion, a P/E ratio of 28.05, a P/E/G ratio of 1.55 and a beta of 0.63. Fomento Economico Mexicano SAB has a 1-year low of $80.86 and a 1-year high of $101.12.

Fomento Economico Mexicano SAB (NYSE:FMX) last issued its quarterly earnings data on Wednesday, February 27th. The company reported $1.33 earnings per share for the quarter. The firm had revenue of $6.32 billion during the quarter. Fomento Economico Mexicano SAB had a return on equity of 7.15% and a net margin of 4.92%. As a group, equities analysts forecast that Fomento Economico Mexicano SAB will post 3.91 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on FMX shares. Barclays restated 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. ValuEngine cut Fomento Economico Mexicano SAB from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Santander cut Fomento Economico Mexicano SAB from a “hold” rating to an “underperform” rating in a research note on Monday, February 25th. Finally, Zacks Investment Research cut Fomento Economico Mexicano SAB from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $100.00.

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Fomento Economico Mexicano SAB Company Profile

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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