Keybank National Association OH Has $1.54 Million Stock Position in Fomento Economico Mexicano SAB (NYSE:FMX)

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Keybank National Association OH raised its stake in shares of Fomento Economico Mexicano SAB (NYSE:FMX) by 56.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,901 shares of the company’s stock after purchasing an additional 5,749 shares during the quarter. Keybank National Association OH’s holdings in Fomento Economico Mexicano SAB were worth $1,538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hartwell J M Limited Partnership lifted its holdings in Fomento Economico Mexicano SAB by 7.4% during the 2nd quarter. Hartwell J M Limited Partnership now owns 5,907 shares of the company’s stock worth $572,000 after buying an additional 407 shares in the last quarter. Nkcfo LLC acquired a new position in Fomento Economico Mexicano SAB during the 2nd quarter worth $29,000. CIBC Private Wealth Group LLC lifted its holdings in Fomento Economico Mexicano SAB by 12.0% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 91,667 shares of the company’s stock worth $8,868,000 after buying an additional 9,816 shares in the last quarter. Advisor Group Inc. lifted its holdings in Fomento Economico Mexicano SAB by 28.5% during the 2nd quarter. Advisor Group Inc. now owns 2,207 shares of the company’s stock worth $213,000 after buying an additional 490 shares in the last quarter. Finally, Aperio Group LLC lifted its holdings in Fomento Economico Mexicano SAB by 34.7% during the 2nd quarter. Aperio Group LLC now owns 106,520 shares of the company’s stock worth $10,306,000 after buying an additional 27,467 shares in the last quarter. 20.46% of the stock is currently owned by institutional investors.

Separately, ValuEngine cut shares of Fomento Economico Mexicano SAB from a “buy” rating to a “hold” rating in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $100.00.

Shares of Fomento Economico Mexicano SAB stock opened at $88.71 on Friday. The firm has a fifty day moving average of $93.07 and a two-hundred day moving average of $94.07. The stock has a market capitalization of $31.74 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 1.46 and a beta of 0.64. Fomento Economico Mexicano SAB has a 52 week low of $80.86 and a 52 week high of $100.35. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 1.40.

Fomento Economico Mexicano SAB 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, including sparkling beverages; and waters, juices, coffee, tea, sports and energy drinks, and dairy and plant-based protein beverages.

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

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