Fomento Economico Mexicano SAB (FMX) Shares Bought by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. boosted its position in Fomento Economico Mexicano SAB (NYSE:FMX) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,090 shares of the company’s stock after purchasing an additional 3,800 shares during the period. Deprince Race & Zollo Inc.’s holdings in Fomento Economico Mexicano SAB were worth $4,999,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FMX. Avestar Capital LLC boosted its holdings in Fomento Economico Mexicano SAB by 4,235.3% in the fourth quarter. Avestar Capital LLC now owns 737 shares of the company’s stock worth $44,000 after acquiring an additional 720 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of Fomento Economico Mexicano SAB by 38.4% in the third quarter. Rehmann Capital Advisory Group now owns 494 shares of the company’s stock valued at $49,000 after purchasing an additional 137 shares in the last quarter. YorkBridge Wealth Partners LLC bought a new position in shares of Fomento Economico Mexicano SAB in the fourth quarter valued at approximately $136,000. Advisor Group Inc. lifted its holdings in shares of Fomento Economico Mexicano SAB by 232.0% in the fourth quarter. Advisor Group Inc. now owns 1,743 shares of the company’s stock valued at $150,000 after purchasing an additional 1,218 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Fomento Economico Mexicano SAB by 2,550.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,882 shares of the company’s stock valued at $158,000 after purchasing an additional 1,811 shares in the last quarter. 20.42% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on FMX. Santander downgraded Fomento Economico Mexicano SAB from a “hold” rating to an “underperform” rating in a research report on Monday, February 25th. ValuEngine downgraded Fomento Economico Mexicano SAB from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Barclays reaffirmed a “buy” rating and set a $100.00 price target on shares of Fomento Economico Mexicano SAB in a research report on Thursday, January 24th. Finally, Zacks Investment Research downgraded Fomento Economico Mexicano SAB from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Fomento Economico Mexicano SAB has a consensus rating of “Hold” and a consensus price target of $100.00.

NYSE:FMX traded down $0.37 during trading hours on Friday, reaching $96.04. The stock had a trading volume of 267,377 shares, compared to its average volume of 358,991. The company has a market capitalization of $34.37 billion, a P/E ratio of 27.84, a P/E/G ratio of 1.55 and a beta of 0.63. Fomento Economico Mexicano SAB has a 12-month low of $80.86 and a 12-month high of $101.12. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.75 and a quick ratio of 1.40.

Fomento Economico Mexicano SAB (NYSE:FMX) last announced its quarterly earnings results on Wednesday, February 27th. The company reported $1.33 earnings per share for the quarter. The company 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, analysts anticipate that Fomento Economico Mexicano SAB will post 3.8 earnings per share for the current year.

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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.

Read More: Institutional Investors

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

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