Brandes Investment Partners LP Invests $1.08 Million in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Brandes Investment Partners LP acquired a new stake in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 10,041 shares of the company's stock, valued at approximately $1,080,000.

A number of other large investors also recently bought and sold shares of FMX. Park Place Capital Corp boosted its holdings in shares of Fomento Económico Mexicano by 78.2% in the first quarter. Park Place Capital Corp now owns 221 shares of the company's stock valued at $29,000 after purchasing an additional 97 shares during the period. Mather Group LLC. purchased a new stake in shares of Fomento Económico Mexicano in the 1st quarter worth approximately $34,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Fomento Económico Mexicano during the second quarter valued at approximately $51,000. Parallel Advisors LLC raised its stake in Fomento Económico Mexicano by 22.1% in the fourth quarter. Parallel Advisors LLC now owns 741 shares of the company's stock worth $97,000 after buying an additional 134 shares in the last quarter. Finally, CWM LLC lifted its holdings in Fomento Económico Mexicano by 28.7% during the second quarter. CWM LLC now owns 956 shares of the company's stock worth $103,000 after buying an additional 213 shares during the period.

Fomento Económico Mexicano Stock Performance

FMX stock traded up $0.90 during trading on Tuesday, reaching $99.61. The company had a trading volume of 310,591 shares, compared to its average volume of 689,775. Fomento Económico Mexicano, S.A.B. de C.V. has a twelve month low of $98.58 and a twelve month high of $143.43. The firm has a 50-day simple moving average of $105.98 and a 200-day simple moving average of $113.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 1.72. The company has a market cap of $35.64 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 5.75 and a beta of 0.94.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $1.87 earnings per share (EPS) 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. As a group, sell-side analysts expect that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.39 earnings per share for the current year.

Wall Street Analyst Weigh In

FMX has been the topic of a number of analyst reports. Barclays cut their price target on Fomento Económico Mexicano from $160.00 to $145.00 and set an "overweight" rating on the stock in a report on Monday, July 15th. JPMorgan Chase & Co. lowered Fomento Económico Mexicano from an "overweight" rating to a "neutral" rating and lifted their target price for the company from $104.00 to $109.00 in a research note on Monday, September 23rd. Finally, StockNews.com lowered shares of Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a research report on Monday, September 23rd. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Fomento Económico Mexicano has a consensus rating of "Hold" and a consensus target price of $133.40.

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.