PEAK6 Investments L.P. Acquires New Stake in Fomento Economico Mexicano SAB (FMX)

PEAK6 Investments L.P. acquired a new stake in Fomento Economico Mexicano SAB (NYSE:FMX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,083 shares of the company’s stock, valued at approximately $1,228,000.

Several other large investors have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Fomento Economico Mexicano SAB by 7.3% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,238 shares of the company’s stock valued at $1,169,000 after buying an additional 836 shares during the last quarter. Quantbot Technologies LP raised its position in shares of Fomento Economico Mexicano SAB by 453.3% in the third quarter. Quantbot Technologies LP now owns 1,101 shares of the company’s stock valued at $105,000 after buying an additional 902 shares during the last quarter. Northcape Capital Pty Ltd raised its position in shares of Fomento Economico Mexicano SAB by 32.6% in the third quarter. Northcape Capital Pty Ltd now owns 5,045 shares of the company’s stock valued at $481,000 after buying an additional 1,240 shares during the last quarter. OxFORD Asset Management LLP raised its position in shares of Fomento Economico Mexicano SAB by 61.1% in the third quarter. OxFORD Asset Management LLP now owns 3,295 shares of the company’s stock valued at $316,000 after buying an additional 1,250 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Fomento Economico Mexicano SAB by 14.3% in the fourth quarter. US Bancorp DE now owns 13,855 shares of the company’s stock valued at $1,301,000 after buying an additional 1,734 shares during the last quarter. 20.53% of the stock is owned by institutional investors and hedge funds.

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FMX has been the subject of a number of analyst reports. ValuEngine lowered shares of Fomento Economico Mexicano SAB from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 1st. Credit Suisse Group lowered shares of Fomento Economico Mexicano SAB from an “outperform” rating to a “neutral” rating in a research report on Wednesday, December 20th. Finally, Zacks Investment Research lowered shares of Fomento Economico Mexicano SAB from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $114.40.

Shares of FMX stock opened at $93.82 on Friday. Fomento Economico Mexicano SAB has a one year low of $84.32 and a one year high of $103.82. The company has a quick ratio of 1.55, a current ratio of 1.88 and a debt-to-equity ratio of 0.36. The company has a market cap of $33,871.49, a P/E ratio of 15.58, a P/E/G ratio of 1.58 and a beta of 0.53.

Fomento Economico Mexicano SAB (NYSE:FMX) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.26 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $6.55 billion. research analysts anticipate that Fomento Economico Mexicano SAB will post 3.98 EPS 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.

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

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