Shares of Fomento Economico Mexicano SAB (NYSE:FMX) saw strong trading volume on Friday . 372,326 shares traded hands during trading, a decline of 16% from the previous session’s volume of 442,560 shares.The stock last traded at $91.76 and had previously closed at $91.00.

A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Fomento Economico Mexicano SAB from a “sell” rating to a “hold” rating in a report on Wednesday, May 4th. Citigroup Inc. raised shares of Fomento Economico Mexicano SAB from a “neutral” rating to a “buy” rating and raised their target price for the stock from $102.00 to $110.00 in a report on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $110.33.

The stock has a 50-day moving average price of $90.91 and a 200 day moving average price of $91.34. The firm has a market cap of $32.70 billion and a PE ratio of 34.49.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Thornburg Investment Management Inc. increased its position in shares of Fomento Economico Mexicano SAB by 31.7% in the fourth quarter. Thornburg Investment Management Inc. now owns 415,955 shares of the company’s stock valued at $38,414,000 after buying an additional 100,207 shares during the period. Nationwide Fund Advisors increased its position 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 period. WBI Investments Inc. purchased a new position in shares of Fomento Economico Mexicano SAB during the fourth quarter valued at approximately $4,498,000. Azimuth Capital Management LLC increased its position in shares of Fomento Economico Mexicano SAB by 102.4% in the fourth quarter. Azimuth Capital Management LLC now owns 45,160 shares of the company’s stock valued at $4,171,000 after buying an additional 22,850 shares during the period. Finally, Sei Investments Co. purchased a new position in shares of Fomento Economico Mexicano SAB during the fourth quarter valued at approximately $1,442,000.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.