Fomento Economico Mexicano SAB (NYSE:FMX) saw an uptick in trading volume on Monday . 670,884 shares were traded during mid-day trading, an increase of 19% from the previous session’s volume of 562,303 shares.The stock last traded at $95.70 and had previously closed at $95.33.

A number of research firms have weighed in on FMX. Barclays PLC reiterated a “buy” rating and issued a $110.00 target price on shares of Fomento Economico Mexicano SAB in a research note on Tuesday, July 19th. Zacks Investment Research upgraded Fomento Economico Mexicano SAB from a “sell” rating to a “hold” rating in a research note on Tuesday, July 19th. Finally, Citigroup Inc. upgraded Fomento Economico Mexicano SAB from a “neutral” rating to a “buy” rating and raised their price target for the company from $102.00 to $110.00 in a research note on Friday, April 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $110.67.

The stock has a market cap of $34.28 billion and a PE ratio of 36.15. The company’s 50-day moving average is $91.44 and its 200 day moving average is $91.49.

A number of hedge funds have recently made changes to their positions in FMX. Thornburg Investment Management Inc. increased its stake 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. WBI Investments Inc. purchased a new stake in shares of Fomento Economico Mexicano SAB during the fourth quarter valued at about $4,498,000. Sei Investments Co. purchased a new stake in shares of Fomento Economico Mexicano SAB during the fourth quarter valued at about $1,442,000. Advisors Asset Management Inc. increased 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 period. Finally, US Bancorp DE increased 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 period.

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.

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