Headlands Technologies LLC Has $29,000 Stock Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Headlands Technologies LLC trimmed its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 97.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 345 shares of the company's stock after selling 13,035 shares during the period. Headlands Technologies LLC's holdings in Fomento Económico Mexicano were worth $29,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Franklin Resources Inc. boosted its position in Fomento Económico Mexicano by 4.2% during the fourth quarter. Franklin Resources Inc. now owns 3,117 shares of the company's stock worth $266,000 after purchasing an additional 125 shares during the period. B. Metzler seel. Sohn & Co. AG raised its position in shares of Fomento Económico Mexicano by 7.1% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 83,264 shares of the company's stock valued at $7,118,000 after buying an additional 5,544 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Fomento Económico Mexicano by 33.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 346,229 shares of the company's stock valued at $29,024,000 after purchasing an additional 86,724 shares during the period. Schroder Investment Management Group boosted its stake in Fomento Económico Mexicano by 20.4% during the fourth quarter. Schroder Investment Management Group now owns 4,228,299 shares of the company's stock worth $360,716,000 after buying an additional 717,666 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Fomento Económico Mexicano by 77.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 728,253 shares of the company's stock worth $62,258,000 after purchasing an additional 317,887 shares in the last quarter. Institutional investors and hedge funds own 61.00% of the company's stock.

Fomento Económico Mexicano Trading Up 1.9 %

FMX traded up $1.87 during midday trading on Monday, reaching $100.30. 38,654 shares of the company were exchanged, compared to its average volume of 634,081. The stock has a market capitalization of $35.88 billion, a P/E ratio of 25.72, a PEG ratio of 5.26 and a beta of 0.68. The stock's 50-day simple moving average is $94.63 and its 200 day simple moving average is $91.97. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.62. Fomento Económico Mexicano, S.A.B. de C.V. has a one year low of $81.08 and a one year high of $124.80.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($1.05). The firm had revenue of $9.99 billion during the quarter, compared to analyst estimates 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, analysts forecast that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.