Coronation Fund Managers Ltd. Buys 100,152 Shares of Fomento Economico Mexicano SAB (NYSE:FMX)

Coronation Fund Managers Ltd. raised its stake in Fomento Economico Mexicano SAB (NYSE:FMX) by 10.9% during the second quarter, Holdings Channel.com reports. The firm owned 1,020,260 shares of the company’s stock after purchasing an additional 100,152 shares during the quarter. Fomento Economico Mexicano SAB accounts for about 3.6% of Coronation Fund Managers Ltd.’s portfolio, making the stock its 8th largest position. Coronation Fund Managers Ltd.’s holdings in Fomento Economico Mexicano SAB were worth $98,710,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Azimuth Capital Management LLC raised its position in Fomento Economico Mexicano SAB by 3.5% in the 1st quarter. Azimuth Capital Management LLC now owns 25,550 shares of the company’s stock valued at $2,358,000 after purchasing an additional 870 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in Fomento Economico Mexicano SAB in the 1st quarter valued at about $1,219,000. Harbour Capital Advisors LLC raised its position in Fomento Economico Mexicano SAB by 40.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 3,685 shares of the company’s stock valued at $357,000 after purchasing an additional 1,060 shares in the last quarter. TD Asset Management Inc. raised its position in Fomento Economico Mexicano SAB by 13.0% in the 1st quarter. TD Asset Management Inc. now owns 35,825 shares of the company’s stock valued at $3,306,000 after purchasing an additional 4,118 shares in the last quarter. Finally, Eqis Capital Management Inc. raised its position in Fomento Economico Mexicano SAB by 21.4% in the 2nd quarter. Eqis Capital Management Inc. now owns 3,581 shares of the company’s stock valued at $346,000 after purchasing an additional 632 shares in the last quarter. 20.86% of the stock is currently owned by institutional investors.

Separately, ValuEngine lowered Fomento Economico Mexicano SAB from a “buy” rating to a “hold” rating in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Fomento Economico Mexicano SAB presently has an average rating of “Hold” and an average price target of $100.00.

Shares of FMX traded down $2.08 during mid-day trading on Monday, reaching $86.39. The company’s stock had a trading volume of 2,223 shares, compared to its average volume of 315,644. Fomento Economico Mexicano SAB has a 12-month low of $80.86 and a 12-month high of $101.12. The firm has a market capitalization of $31.66 billion, a PE ratio of 25.04, a PEG ratio of 1.51 and a beta of 0.64. The company has a current ratio of 1.40, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average price is $95.69.

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. The company produces, markets, and distributes Coca-Cola trademark beverages, including sparkling beverages; and waters, juices, coffee, tea, sports and energy drinks, and dairy and plant-based protein beverages.

Featured Article: How can you know how many shares are floating?

Want to see what other hedge funds are holding FMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fomento Economico Mexicano SAB (NYSE:FMX).

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

Receive News & Ratings for Fomento Economico Mexicano SAB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fomento Economico Mexicano SAB and related companies with MarketBeat.com's FREE daily email newsletter.