Rosenberg Matthew Hamilton Boosts Stock Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Rosenberg Matthew Hamilton raised its stake in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 30.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 758 shares of the company’s stock after purchasing an additional 176 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Fomento Económico Mexicano were worth $65,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in FMX. Wealth Alliance boosted its holdings in Fomento Económico Mexicano by 4.4% in the second quarter. Wealth Alliance now owns 3,510 shares of the company’s stock valued at $378,000 after acquiring an additional 147 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Fomento Económico Mexicano by 1.2% in the 3rd quarter. Stifel Financial Corp now owns 12,479 shares of the company’s stock worth $1,232,000 after purchasing an additional 149 shares during the period. Cerity Partners LLC lifted its stake in shares of Fomento Económico Mexicano by 2.0% in the 3rd quarter. Cerity Partners LLC now owns 9,520 shares of the company’s stock valued at $940,000 after purchasing an additional 191 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Fomento Económico Mexicano by 9.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,479 shares of the company’s stock worth $245,000 after purchasing an additional 204 shares during the period. Finally, Profund Advisors LLC increased its position in Fomento Económico Mexicano by 3.2% during the 2nd quarter. Profund Advisors LLC now owns 7,243 shares of the company’s stock worth $780,000 after purchasing an additional 226 shares in the last quarter. 61.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FMX has been the topic of a number of recent research reports. Barclays reduced their price target on shares of Fomento Económico Mexicano from $125.00 to $118.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. StockNews.com upgraded shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. downgraded Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and increased their price target for the company from $104.00 to $109.00 in a report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.33.

Fomento Económico Mexicano Stock Up 0.1 %

Shares of NYSE:FMX opened at $83.60 on Wednesday. The company has a market capitalization of $29.91 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 5.19 and a beta of 0.90. The company has a 50 day moving average of $88.15 and a two-hundred day moving average of $99.00. Fomento Económico Mexicano, S.A.B. de C.V. has a 52-week low of $81.07 and a 52-week high of $143.43. The company has a quick ratio of 1.44, a current ratio of 1.72 and a debt-to-equity ratio of 0.36.

About Fomento Económico Mexicano

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 in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay.