Fomento Economico Mexicano SAB (NYSE:FMX) Holdings Decreased by Allianz Asset Management GmbH

Allianz Asset Management GmbH lowered its holdings in shares of Fomento Economico Mexicano SAB (NYSE:FMX) by 15.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,697 shares of the company’s stock after selling 1,835 shares during the period. Allianz Asset Management GmbH’s holdings in Fomento Economico Mexicano SAB were worth $926,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Comgest Global Investors S.A.S. boosted its stake in Fomento Economico Mexicano SAB by 3.5% during the third quarter. Comgest Global Investors S.A.S. now owns 3,011,214 shares of the company’s stock worth $287,661,000 after acquiring an additional 103,163 shares in the last quarter. FIL Ltd boosted its stake in Fomento Economico Mexicano SAB by 0.7% during the second quarter. FIL Ltd now owns 2,363,219 shares of the company’s stock worth $232,399,000 after acquiring an additional 17,075 shares in the last quarter. Schroder Investment Management Group boosted its stake in Fomento Economico Mexicano SAB by 45.7% during the third quarter. Schroder Investment Management Group now owns 2,148,339 shares of the company’s stock worth $206,262,000 after acquiring an additional 673,736 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in Fomento Economico Mexicano SAB by 1.8% in the third quarter. Artisan Partners Limited Partnership now owns 1,508,414 shares of the company’s stock worth $144,099,000 after buying an additional 27,059 shares during the last quarter. Finally, Harding Loevner LP raised its holdings in Fomento Economico Mexicano SAB by 0.9% in the third quarter. Harding Loevner LP now owns 1,008,431 shares of the company’s stock worth $96,335,000 after buying an additional 8,585 shares during the last quarter. 21.23% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have issued reports on FMX. ValuEngine raised shares of Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. Zacks Investment Research raised shares of Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a report on Wednesday, September 20th. JPMorgan Chase & Co. raised shares of Fomento Economico Mexicano SAB from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $98.00 to $117.00 in a report on Monday, October 2nd. Barclays decreased their price objective on shares of Fomento Economico Mexicano SAB from $115.00 to $114.00 and set an “overweight” rating for the company in a report on Wednesday, October 11th. Finally, Credit Suisse Group cut shares of Fomento Economico Mexicano SAB from an “outperform” rating to a “neutral” rating in a report on Wednesday, December 20th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Fomento Economico Mexicano SAB has a consensus rating of “Buy” and an average target price of $114.40.

Fomento Economico Mexicano SAB (NYSE FMX) opened at $95.33 on Friday. The firm has a market cap of $31,900.00, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 1.65 and a beta of 0.54. Fomento Economico Mexicano SAB has a 12-month low of $74.01 and a 12-month high of $103.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.88 and a quick ratio of 1.55.

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Fomento Economico Mexicano SAB Company Profile

Fomento Economico Mexicano, SAB. de C.V. (FEMSA) is a holding company. The Company’s segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, SAB. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, SA de C.V.

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

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