Sarasin & Partners LLP Sells 32,541 Shares of Fomento Economico Mexicano SAB (NYSE:FMX)

Sarasin & Partners LLP cut its position in Fomento Economico Mexicano SAB (NYSE:FMX) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 398,652 shares of the company’s stock after selling 32,541 shares during the quarter. Sarasin & Partners LLP owned 0.11% of Fomento Economico Mexicano SAB worth $38,570,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FMX. Atlas Capital Advisors LLC bought a new position in shares of Fomento Economico Mexicano SAB during the first quarter worth about $29,000. Marshall Wace LLP bought a new position in shares of Fomento Economico Mexicano SAB during the first quarter worth about $36,000. Icon Wealth Partners LLC bought a new position in shares of Fomento Economico Mexicano SAB during the first quarter worth about $46,000. TCG Advisors LP bought a new position in shares of Fomento Economico Mexicano SAB during the first quarter worth about $46,000. Finally, Rehmann Capital Advisory Group raised its position in shares of Fomento Economico Mexicano SAB by 32.7% during the first quarter. Rehmann Capital Advisory Group now owns 548 shares of the company’s stock worth $51,000 after acquiring an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 20.84% of the company’s stock.

Separately, ValuEngine raised Zumiez from a “sell” rating to a “hold” rating in a research note on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $100.00.

NYSE FMX traded down $0.91 during trading hours on Tuesday, hitting $92.34. 14,240 shares of the company’s stock were exchanged, compared to its average volume of 271,646. The firm has a 50-day moving average of $96.28. Fomento Economico Mexicano SAB has a 1-year low of $80.86 and a 1-year high of $101.12. The stock has a market cap of $32.78 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 1.58 and a beta of 0.64. The company has a current ratio of 1.39, a quick ratio of 1.12 and a debt-to-equity ratio of 0.44.

Fomento Economico Mexicano SAB (NYSE:FMX) last released its earnings results on Friday, April 26th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.30). Fomento Economico Mexicano SAB had a return on equity of 6.91% and a net margin of 4.72%. The business had revenue of $6.04 billion for the quarter. As a group, equities research analysts forecast that Fomento Economico Mexicano SAB will post 3.65 EPS for the current year.

Fomento Economico Mexicano SAB 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, 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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