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[BUSINESS] · Mexico · 2 sources

Fomento Económico Mexicano (FMX) gains institutional stakes amid Q2 earnings call

Sei Investments Co. increased its holding in Fomento Económico Mexicano (FMX) by 27,439 shares, bringing its total to 236,168 shares (about 0.07% of the company) and a market value of roughly $26.2 million. Other institutional investors also raised positions in the same quarter: Cetera Investment Advisers added 486 shares, NewEdge Wealth LLC bought 196 shares, First Trust Advisors LP opened a new stake worth about $262,000, Madison Asset Management LLC added 859 shares and Parallel Advisors LLC increased its holding by 433 shares. Collectively, hedge funds and other institutions now own about 61% of FMX’s stock. Analyst coverage shifted as well, with JPMorgan Chase raising its price target to $126 per share and assigning an “overweight” rating, while Zacks upgraded the stock to a “strong‑buy”. In parallel, FMX held its Q2 2026 earnings call, featuring CEO José Antonio Garza‑Laguera, CFO Martín Arias Yaniz, IR Vice‑President Juan Fonseca and other senior executives, who discussed quarterly performance and outlook.

Entities: Cetera Investment Advisers · Fomento Económico Mexicano (FMX) · JPMorgan Chase & Co. · José Antonio Garza‑Laguera · Sei Investments Co.