Employees Retirement System of Texas Grows Stock Position in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Employees Retirement System of Texas boosted its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 486,584 shares of the company's stock after acquiring an additional 15,488 shares during the quarter. Employees Retirement System of Texas owned about 0.14% of Fomento Económico Mexicano worth $41,598,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FMX. FMR LLC increased its holdings in shares of Fomento Económico Mexicano by 5.3% in the 3rd quarter. FMR LLC now owns 491,582 shares of the company's stock valued at $48,524,000 after purchasing an additional 24,537 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Fomento Económico Mexicano by 2.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,335 shares of the company's stock valued at $2,994,000 after buying an additional 607 shares in the last quarter. Stifel Financial Corp increased its holdings in Fomento Económico Mexicano by 1.2% in the third quarter. Stifel Financial Corp now owns 12,479 shares of the company's stock valued at $1,232,000 after buying an additional 149 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Fomento Económico Mexicano during the 3rd quarter valued at approximately $2,339,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Fomento Económico Mexicano during the 3rd quarter worth approximately $717,000. Institutional investors and hedge funds own 61.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FMX shares. Itau BBA Securities raised Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a research note on Monday, April 7th. The Goldman Sachs Group dropped their price target on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating for the company in a research report on Tuesday, January 28th. UBS Group boosted their price objective on shares of Fomento Económico Mexicano from $94.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, March 14th. Finally, Barclays lifted their target price on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $103.95.

Fomento Económico Mexicano Price Performance

Shares of NYSE:FMX traded up $1.70 on Friday, hitting $98.44. The company had a trading volume of 660,576 shares, compared to its average volume of 636,377. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37. The company has a market cap of $35.22 billion, a PE ratio of 25.24, a PEG ratio of 5.26 and a beta of 0.68. Fomento Económico Mexicano, S.A.B. de C.V. has a 52-week low of $81.08 and a 52-week high of $125.27. The business has a 50 day moving average of $94.63 and a 200 day moving average of $92.04.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.51 by ($1.05). The firm had revenue of $9.99 billion during the quarter, compared to analysts' expectations of $201.67 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. As a group, equities analysts anticipate that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 earnings per share for the current fiscal year.

Fomento Económico Mexicano 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.