Fomento Economico Mexicano SAB (NYSE:FMX) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its holdings in Fomento Economico Mexicano SAB (NYSE:FMX) by 19.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 460,708 shares of the company’s stock after buying an additional 74,588 shares during the quarter. Northern Trust Corp owned 0.13% of Fomento Economico Mexicano SAB worth $44,574,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of FMX. USS Investment Management Ltd increased its position in shares of Fomento Economico Mexicano SAB by 9.6% in the first quarter. USS Investment Management Ltd now owns 514,082 shares of the company’s stock valued at $47,429,000 after buying an additional 45,000 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Fomento Economico Mexicano SAB by 19.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 14,167 shares of the company’s stock valued at $1,307,000 after buying an additional 2,314 shares in the last quarter. TD Asset Management Inc. increased its position in shares of Fomento Economico Mexicano SAB by 13.0% in the first quarter. TD Asset Management Inc. now owns 35,825 shares of the company’s stock valued at $3,306,000 after buying an additional 4,118 shares in the last quarter. US Bancorp DE increased its position in shares of Fomento Economico Mexicano SAB by 9.5% in the first quarter. US Bancorp DE now owns 40,700 shares of the company’s stock valued at $3,757,000 after buying an additional 3,547 shares in the last quarter. Finally, NS Partners Ltd increased its position in shares of Fomento Economico Mexicano SAB by 3.6% in the first quarter. NS Partners Ltd now owns 43,483 shares of the company’s stock valued at $4,013,000 after buying an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 20.21% of the company’s stock.

Shares of Fomento Economico Mexicano SAB stock traded up $0.29 on Friday, reaching $95.02. The company’s stock had a trading volume of 8,275 shares, compared to its average volume of 289,387. The company has a market capitalization of $34.21 billion, a P/E ratio of 27.47, a PEG ratio of 1.62 and a beta of 0.62. Fomento Economico Mexicano SAB has a 52-week low of $80.86 and a 52-week high of $100.35. The stock has a 50-day moving average price of $90.23 and a 200-day moving average price of $93.92. The company has a quick ratio of 1.10, a current ratio of 1.40 and a debt-to-equity ratio of 0.43.

Fomento Economico Mexicano SAB (NYSE:FMX) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $6.71 billion during the quarter. Sell-side analysts forecast that Fomento Economico Mexicano SAB will post 3.74 earnings per share for the current fiscal year.

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

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.

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

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