Acadian Asset Management LLC Has $47.31 Million Position in Fomento Economico Mexicano SAB (FMX)

Acadian Asset Management LLC raised its holdings in shares of Fomento Economico Mexicano SAB (NYSE:FMX) by 564.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 503,802 shares of the company’s stock after acquiring an additional 428,012 shares during the quarter. Acadian Asset Management LLC’s holdings in Fomento Economico Mexicano SAB were worth $47,307,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP boosted its position in shares of Fomento Economico Mexicano SAB by 453.3% during the 3rd quarter. Quantbot Technologies LP now owns 1,101 shares of the company’s stock worth $105,000 after acquiring an additional 902 shares in the last quarter. Permit Capital LLC boosted its position in shares of Fomento Economico Mexicano SAB by 12.8% during the 2nd quarter. Permit Capital LLC now owns 1,100 shares of the company’s stock worth $109,000 after acquiring an additional 125 shares in the last quarter. OxFORD Asset Management LLP acquired a new position in shares of Fomento Economico Mexicano SAB during the 2nd quarter worth about $201,000. Laurel Wealth Advisors Inc. acquired a new position in shares of Fomento Economico Mexicano SAB during the 2nd quarter worth about $202,000. Finally, Quantum Capital Management acquired a new position in shares of Fomento Economico Mexicano SAB during the 2nd quarter worth about $206,000. 21.24% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on FMX shares. Credit Suisse Group cut Fomento Economico Mexicano SAB from an “outperform” rating to a “neutral” rating in a research report on Wednesday, December 20th. Barclays lowered their price objective on Fomento Economico Mexicano SAB from $115.00 to $114.00 and set an “overweight” rating for the company in a research report on Wednesday, October 11th. Zacks Investment Research raised Fomento Economico Mexicano SAB from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. JPMorgan Chase & Co. raised Fomento Economico Mexicano SAB from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $98.00 to $117.00 in a research report on Monday, October 2nd. Finally, ValuEngine raised Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $114.40.

Shares of Fomento Economico Mexicano SAB (NYSE:FMX) opened at $96.65 on Friday. The stock has a market capitalization of $34,572.82, a PE ratio of 13.59, a P/E/G ratio of 1.66 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.88 and a quick ratio of 1.55. Fomento Economico Mexicano SAB has a 1 year low of $74.30 and a 1 year high of $103.82.

Fomento Economico Mexicano SAB (NYSE:FMX) last announced its earnings results on Thursday, October 26th. The company reported $5.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $3.73. Fomento Economico Mexicano SAB had a return on equity of 17.30% and a net margin of 10.91%. research analysts anticipate that Fomento Economico Mexicano SAB will post 7.23 earnings per share for the current year.

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About Fomento Economico Mexicano SAB

Fomento Economico Mexicano, SAB. de C.V. (FEMSA) is a holding company. The Company’s segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, SAB. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, SA de C.V.

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Institutional Ownership by Quarter for Fomento Economico Mexicano SAB (NYSE:FMX)

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