Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV decreased its position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) by 10.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,010 shares of the company’s stock after selling 231 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Fomento Económico Mexicano were worth $216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Park Place Capital Corp lifted its stake in Fomento Económico Mexicano by 78.2% during the first quarter. Park Place Capital Corp now owns 221 shares of the company’s stock worth $29,000 after purchasing an additional 97 shares during the last quarter. Mather Group LLC. acquired a new position in Fomento Económico Mexicano during the first quarter worth about $34,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Fomento Económico Mexicano during the second quarter worth about $51,000. Parallel Advisors LLC boosted its position in shares of Fomento Económico Mexicano by 22.1% in the 4th quarter. Parallel Advisors LLC now owns 741 shares of the company’s stock valued at $97,000 after purchasing an additional 134 shares during the period. Finally, CWM LLC boosted its position in shares of Fomento Económico Mexicano by 28.7% in the 2nd quarter. CWM LLC now owns 956 shares of the company’s stock valued at $103,000 after purchasing an additional 213 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Barclays decreased their price objective on Fomento Económico Mexicano from $160.00 to $145.00 and set an “overweight” rating for the company in a research report on Monday, July 15th. StockNews.com downgraded Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a research note on Monday, September 23rd. Finally, JPMorgan Chase & Co. downgraded Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $104.00 to $109.00 in a research note on Monday, September 23rd. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $133.40.

Fomento Económico Mexicano Trading Down 0.7 %

NYSE FMX opened at $98.69 on Tuesday. The firm has a market cap of $35.31 billion, a P/E ratio of 26.75, a P/E/G ratio of 5.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.72 and a quick ratio of 1.44. The stock’s 50-day moving average is $105.98 and its 200-day moving average is $113.52. Fomento Económico Mexicano, S.A.B. de C.V. has a one year low of $98.58 and a one year high of $143.43.

Fomento Económico Mexicano (NYSE:FMX) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.87 earnings per share for the quarter. Fomento Económico Mexicano had a return on equity of 8.65% and a net margin of 3.75%. The firm had revenue of $11.54 billion during the quarter. Sell-side analysts anticipate that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.39 earnings per share for the current fiscal year.

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