Fomento Economico Mexicano S (FMX) Shares Declined While Harding Loevner LP Has Increased by $52.85 Million Its Holding

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Logo

Harding Loevner Lp increased its stake in Fomento Economico Mexicano S (FMX) by 10.73% based on its latest 2019Q2 regulatory filing with the SEC. Harding Loevner Lp bought 550,564 shares as the company’s stock declined 7.11% . The hedge fund held 5.68 million shares of the beverages (production and distribution) company at the end of 2019Q2, valued at $549.56 million, up from 5.13 million at the end of the previous reported quarter. Harding Loevner Lp who had been investing in Fomento Economico Mexicano S for a number of months, seems to be bullish on the $167.41 billion market cap company. The stock increased 0.72% or $0.67 during the last trading session, reaching $93.57. About 377,438 shares traded or 28.78% up from the average. Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) has declined 7.38% since September 13, 2018 and is downtrending. It has underperformed by 7.38% the S&P500.

Harding Loevner Lp, which manages about $36.30B and $21.78 billion US Long portfolio, decreased its stake in Mastercard Inc (NYSE:MA) by 30,381 shares to 1.43M shares, valued at $378.08 million in 2019Q2, according to the filing. It also reduced its holding in Nvidia Corp (NASDAQ:NVDA) by 19,464 shares in the quarter, leaving it with 1.26M shares, and cut its stake in Hdfc Bank Ltd (NYSE:HDB).

More notable recent Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) news were published by: Globenewswire.com which released: “FEMSA announces a change in its Board of Directors – GlobeNewswire” on January 18, 2019, also Globenewswire.com with their article: “FEMSA Announces Second Quarter 2019 Results NYSE:FMX – GlobeNewswire” published on July 25, 2019, Globenewswire.com published: “FEMSA Schedules Conference Call to Discuss Second Quarter 2019 Financial Results – GlobeNewswire” on July 08, 2019. More interesting news about Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) were released by: Finance.Yahoo.com and their article: “Fomento Economico Mexicano S.A.B. de C.V. (FMX) Q2 2019 Earnings Call Transcript – Yahoo Finance” published on July 26, 2019 as well as Seekingalpha.com‘s news article titled: “FEMSA Plugging Along, But Not Really In Favor – Seeking Alpha” with publication date: August 01, 2019.

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