Assenagon Asset Management S.A. Has $11.02 Million Stock Holdings in Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Assenagon Asset Management S.A. decreased its position in shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Free Report) by 86.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,543 shares of the company's stock after selling 526,160 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Fomento Económico Mexicano were worth $11,020,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FMX. Advisory Services Network LLC lifted its stake in Fomento Económico Mexicano by 44.3% in the 1st quarter. Advisory Services Network LLC now owns 342 shares of the company's stock valued at $33,000 after buying an additional 105 shares in the last quarter. River Road Asset Management LLC lifted its stake in Fomento Económico Mexicano by 5.3% in the 3rd quarter. River Road Asset Management LLC now owns 2,305 shares of the company's stock valued at $252,000 after buying an additional 115 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Fomento Económico Mexicano by 14.3% in the 1st quarter. First Horizon Advisors Inc. now owns 1,052 shares of the company's stock valued at $100,000 after buying an additional 132 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in Fomento Económico Mexicano by 6.0% in the 3rd quarter. Kestra Advisory Services LLC now owns 2,495 shares of the company's stock valued at $272,000 after buying an additional 142 shares in the last quarter. Finally, Castleview Partners LLC lifted its stake in Fomento Económico Mexicano by 51.2% in the 2nd quarter. Castleview Partners LLC now owns 434 shares of the company's stock valued at $48,000 after buying an additional 147 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup assumed coverage on Fomento Económico Mexicano in a report on Thursday, December 7th. They set a "neutral" rating and a $134.00 price objective for the company. Bank of America reiterated a "neutral" rating on shares of Fomento Económico Mexicano in a report on Monday, February 26th. UBS Group downgraded Fomento Económico Mexicano from a "buy" rating to a "neutral" rating in a report on Friday, January 12th. StockNews.com downgraded Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a report on Monday, February 26th. Finally, HSBC upgraded Fomento Económico Mexicano from a "hold" rating to a "buy" rating and increased their price target for the company from $124.00 to $152.00 in a report on Friday, February 9th. Five 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.com, the company presently has an average rating of "Hold" and a consensus price target of $135.75.

Fomento Económico Mexicano Stock Performance

Shares of FMX traded up $0.02 during mid-day trading on Friday, reaching $130.27. 327,492 shares of the company's stock traded hands, compared to its average volume of 774,567. The business's 50-day moving average price is $131.06 and its 200-day moving average price is $123.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.60 and a current ratio of 1.91. Fomento Económico Mexicano, S.A.B. de C.V. has a 12 month low of $91.71 and a 12 month high of $143.43.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last released its quarterly earnings results on Friday, February 23rd. The company reported $1.07 earnings per share for the quarter. The company had revenue of $11.23 billion for the quarter, compared to analysts' expectations of $11.21 billion. Fomento Económico Mexicano had a return on equity of 9.63% and a net margin of 8.53%. Equities research analysts forecast that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Fomento Económico Mexicano 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.