Fomento Economico Mexicano SAB (NYSE:FMX) saw an uptick in trading volume on Thursday . 378,929 shares changed hands during trading, a decline of 12% from the previous session’s volume of 429,624 shares.The stock last traded at $87.94 and had previously closed at $88.42.

Several brokerages have recently issued reports on FMX. Zacks Investment Research raised Fomento Economico Mexicano SAB from a “sell” rating to a “hold” rating in a report on Wednesday, May 4th. Citigroup Inc. raised Fomento Economico Mexicano SAB from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $102.00 to $110.00 in a report on Friday, April 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $110.33.

The company has a market cap of $31.45 billion and a PE ratio of 32.80. The firm’s 50-day moving average is $90.57 and its 200-day moving average is $91.48.

Other hedge funds have modified their holdings of the company. AMG National Trust Bank raised its stake in shares of Fomento Economico Mexicano SAB by 0.6% in the fourth quarter. AMG National Trust Bank now owns 12,765 shares of the company’s stock valued at $1,179,000 after buying an additional 71 shares during the last quarter. World Asset Management Inc raised its stake in shares of Fomento Economico Mexicano SAB by 2.4% in the fourth quarter. World Asset Management Inc now owns 11,463 shares of the company’s stock valued at $1,059,000 after buying an additional 264 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Fomento Economico Mexicano SAB by 5.2% in the fourth quarter. Advisors Asset Management Inc. now owns 13,166 shares of the company’s stock valued at $1,216,000 after buying an additional 656 shares during the last quarter. US Bancorp DE raised its stake in shares of Fomento Economico Mexicano SAB by 8.8% in the fourth quarter. US Bancorp DE now owns 11,995 shares of the company’s stock valued at $1,108,000 after buying an additional 968 shares during the last quarter. Finally, Nationwide Fund Advisors raised its stake in shares of Fomento Economico Mexicano SAB by 2.9% in the fourth quarter. Nationwide Fund Advisors now owns 68,131 shares of the company’s stock valued at $6,292,000 after buying an additional 1,898 shares during the last quarter.

Fomento Economico Mexicano, SAB. de C.V. (FEMSA) is a holding company. The Company conducts its operations through principal holding companies, each of which it refers to as a principal sub-holding company. These companies are Coca-Cola FEMSA, SAB. de C.V. (Coca-Cola FEMSA), which engages in the production, distribution and marketing of beverages, and FEMSA Comercio, SA de C.V.

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