Fomento Economico Mexicano SAB (NYSE:FMX) Shares Acquired by M&T Bank Corp

M&T Bank Corp raised its holdings in shares of Fomento Economico Mexicano SAB (NYSE:FMX) by 6.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,719 shares of the company’s stock after buying an additional 286 shares during the quarter. M&T Bank Corp’s holdings in Fomento Economico Mexicano SAB were worth $456,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in Fomento Economico Mexicano SAB by 6.1% during the 1st quarter. Signaturefd LLC now owns 1,962 shares of the company’s stock valued at $181,000 after acquiring an additional 113 shares during the period. Rehmann Capital Advisory Group raised its position in Fomento Economico Mexicano SAB by 32.7% during the 1st quarter. Rehmann Capital Advisory Group now owns 548 shares of the company’s stock valued at $51,000 after purchasing an additional 135 shares during the last quarter. Northcape Capital Pty Ltd raised its position in Fomento Economico Mexicano SAB by 1.4% during the 1st quarter. Northcape Capital Pty Ltd now owns 12,876 shares of the company’s stock valued at $1,188,000 after purchasing an additional 178 shares during the last quarter. FinTrust Capital Advisors LLC raised its position in Fomento Economico Mexicano SAB by 54.6% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 555 shares of the company’s stock valued at $54,000 after purchasing an additional 196 shares during the last quarter. Finally, Comerica Bank raised its position in Fomento Economico Mexicano SAB by 1.8% during the 2nd quarter. Comerica Bank now owns 14,602 shares of the company’s stock valued at $1,393,000 after purchasing an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 20.21% of the company’s stock.

FMX stock opened at $91.34 on Friday. Fomento Economico Mexicano SAB has a 1 year low of $80.86 and a 1 year high of $100.35. The stock’s fifty day moving average price is $91.16 and its 200-day moving average price is $94.15. The company has a market cap of $34.47 billion, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 1.63 and a beta of 0.62. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.40 and a quick ratio of 1.10.

Fomento Economico Mexicano SAB (NYSE:FMX) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. Fomento Economico Mexicano SAB had a return on equity of 6.88% and a net margin of 4.72%. The business had revenue of $6.71 billion for the quarter. As a group, analysts expect that Fomento Economico Mexicano SAB will post 3.74 earnings per share for the current year.

FMX has been the subject of a number of recent analyst reports. Scotiabank lowered Fomento Economico Mexicano SAB from an “outperform” rating to a “sector perform” rating in a research report on Thursday. ValuEngine lowered Fomento Economico Mexicano SAB from a “buy” rating to a “hold” rating in a research report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $100.00.

Fomento Economico Mexicano SAB 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.

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

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