PEAK6 Investments L.P. acquired a new stake in Fomento Economico Mexicano SAB (NYSE:FMX) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 13,083 shares of the company’s stock, valued at approximately $1,228,000.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Quantbot Technologies LP boosted its position in Fomento Economico Mexicano SAB by 453.3% during the 3rd quarter. Quantbot Technologies LP now owns 1,101 shares of the company’s stock worth $105,000 after acquiring an additional 902 shares during the last quarter. Premia Global Advisors LLC acquired a new position in Fomento Economico Mexicano SAB during the 4th quarter worth approximately $178,000. State of Wisconsin Investment Board acquired a new position in Fomento Economico Mexicano SAB during the 3rd quarter worth approximately $213,000. Dynamic Technology Lab Private Ltd acquired a new position in Fomento Economico Mexicano SAB during the 3rd quarter worth approximately $268,000. Finally, Teacher Retirement System of Texas acquired a new position in Fomento Economico Mexicano SAB during the 3rd quarter worth approximately $303,000. Institutional investors and hedge funds own 20.53% of the company’s stock.
A number of equities analysts have weighed in on FMX shares. ValuEngine raised Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Credit Suisse Group downgraded Fomento Economico Mexicano SAB from an “outperform” rating to a “neutral” rating in a research report on Wednesday, December 20th. Finally, Zacks Investment Research downgraded Fomento Economico Mexicano SAB from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $114.40.
Shares of Fomento Economico Mexicano SAB (FMX) opened at $93.26 on Thursday. Fomento Economico Mexicano SAB has a 12 month low of $84.32 and a 12 month high of $103.82. The stock has a market capitalization of $33,374.11, a P/E ratio of 14.42, a PEG ratio of 1.56 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.55 and a current ratio of 1.88.
Fomento Economico Mexicano SAB (NYSE:FMX) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.82). Fomento Economico Mexicano SAB had a return on equity of 15.32% and a net margin of 9.53%. The company had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $6.55 billion. research analysts forecast that Fomento Economico Mexicano SAB will post 3.98 earnings per share for the current year.
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Fomento Economico Mexicano SAB 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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