Barings LLC continued to hold its stake in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,100 shares of the company’s stock at the close of the second quarter. Barings LLC’s holdings in Fomento Economico Mexicano S.A.B. de C.V. were worth $12,756,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FMX. First Trust Advisors LP purchased a new position in Fomento Economico Mexicano S.A.B. de C.V. during the 1st quarter valued at approximately $240,000. Stifel Financial Corp increased its stake in Fomento Economico Mexicano S.A.B. de C.V. by 20.1% in the 1st quarter. Stifel Financial Corp now owns 3,292 shares of the company’s stock worth $293,000 after acquiring an additional 550 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Fomento Economico Mexicano S.A.B. de C.V. in the 1st quarter worth approximately $239,000. Wellington Management Group LLP bought a new stake in Fomento Economico Mexicano S.A.B. de C.V. in the 1st quarter worth approximately $20,045,000. Finally, Legal & General Group Plc raised its holdings in shares of Fomento Economico Mexicano S.A.B. de C.V. by 282.2% during the 1st quarter. Legal & General Group Plc now owns 10,564 shares of the company’s stock worth $936,000 after acquiring an additional 7,800 shares in the last quarter. 21.62% of the stock is owned by institutional investors.

Fomento Economico Mexicano S.A.B. de C.V. (NYSE FMX) traded up 1.45% on Tuesday, reaching $97.39. The company had a trading volume of 110,257 shares. The firm has a market capitalization of $34.85 billion, a P/E ratio of 28.73 and a beta of 0.55. Fomento Economico Mexicano S.A.B. de C.V. has a 1-year low of $73.45 and a 1-year high of $103.82. The company’s 50-day moving average price is $99.05 and its 200 day moving average price is $95.87.

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.11). The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.49 billion. Fomento Economico Mexicano S.A.B. de C.V. had a net margin of 5.26% and a return on equity of 8.42%. On average, equities analysts forecast that Fomento Economico Mexicano S.A.B. de C.V. will post $3.48 EPS for the current year.

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A number of research firms have recently commented on FMX. Zacks Investment Research upgraded Fomento Economico Mexicano S.A.B. de C.V. from a “hold” rating to a “buy” rating and set a $111.00 target price for the company in a research report on Thursday, September 14th. Gabelli assumed coverage on shares of Fomento Economico Mexicano S.A.B. de C.V. in a research report on Monday, July 17th. They issued a “buy” rating and a $112.00 price target on the stock. J P Morgan Chase & Co upgraded shares of Fomento Economico Mexicano S.A.B. de C.V. from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $98.00 to $117.00 in a research report on Monday. Finally, BidaskClub raised shares of Fomento Economico Mexicano S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Fomento Economico Mexicano S.A.B. de C.V. has a consensus rating of “Buy” and an average target price of $110.00.

Fomento Economico Mexicano S.A.B. de C.V. 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.

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Institutional Ownership by Quarter for Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX)

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