Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) is Northcape Capital Pty Ltd's 6th Largest Position

Northcape Capital Pty Ltd trimmed its holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 340,036 shares of the company's stock after selling 6,133 shares during the period. Fomento Económico Mexicano makes up 4.6% of Northcape Capital Pty Ltd's investment portfolio, making the stock its 6th biggest holding. Northcape Capital Pty Ltd owned approximately 0.10% of Fomento Económico Mexicano worth $29,070,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FMX. Banque Cantonale Vaudoise purchased a new position in shares of Fomento Económico Mexicano in the third quarter valued at $55,000. Van ECK Associates Corp grew its holdings in Fomento Económico Mexicano by 61.7% during the 3rd quarter. Van ECK Associates Corp now owns 802 shares of the company's stock valued at $78,000 after buying an additional 306 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Fomento Económico Mexicano by 9.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,479 shares of the company's stock valued at $245,000 after buying an additional 204 shares during the period. MQS Management LLC bought a new stake in shares of Fomento Económico Mexicano during the third quarter valued at about $369,000. Finally, Wealth Alliance boosted its position in shares of 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 period. 61.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FMX. StockNews.com raised shares of Fomento Económico Mexicano from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. Barclays lowered their price objective on 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. Finally, JPMorgan Chase & Co. cut Fomento Económico Mexicano from an "overweight" rating to a "neutral" rating and boosted their target price for the stock from $104.00 to $109.00 in a research report on Monday, September 23rd. Three research 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, Fomento Económico Mexicano presently has an average rating of "Moderate Buy" and a consensus price target of $126.33.

Fomento Económico Mexicano Price Performance

Shares of Fomento Económico Mexicano stock traded down $1.17 on Wednesday, hitting $83.93. 322,796 shares of the company traded hands, compared to its average volume of 454,399. Fomento Económico Mexicano, S.A.B. de C.V. has a 12-month low of $81.07 and a 12-month high of $143.43. The company has a current ratio of 1.72, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. The company has a market cap of $30.03 billion, a P/E ratio of 21.52, a P/E/G ratio of 5.19 and a beta of 0.90. The firm's 50-day simple moving average is $89.24 and its 200 day simple moving average is $99.74.

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.