Analysts Set Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Price Target at $106.70

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Get Free Report) has been assigned an average recommendation of "Hold" from the five research firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $106.70.

A number of equities research analysts have weighed in on FMX shares. Itau BBA Securities upgraded shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a report on Monday, April 7th. UBS Group upped their price target on Fomento Económico Mexicano from $107.00 to $112.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Wall Street Zen cut Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. The Goldman Sachs Group cut their target price on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. Finally, Barclays lifted their price target on Fomento Económico Mexicano from $102.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th.

Institutional Trading of Fomento Económico Mexicano

A number of institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio purchased a new stake in shares of Fomento Económico Mexicano during the first quarter valued at $28,718,000. Acadian Asset Management LLC lifted its stake in Fomento Económico Mexicano by 325.7% during the 1st quarter. Acadian Asset Management LLC now owns 383,644 shares of the company's stock valued at $37,421,000 after acquiring an additional 293,524 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Fomento Económico Mexicano by 19.0% during the 1st quarter. AQR Capital Management LLC now owns 6,072 shares of the company's stock valued at $593,000 after acquiring an additional 969 shares during the last quarter. Amundi boosted its holdings in shares of Fomento Económico Mexicano by 1.1% during the 1st quarter. Amundi now owns 561,473 shares of the company's stock valued at $56,967,000 after acquiring an additional 6,142 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Fomento Económico Mexicano by 1.9% in the first quarter. Royal Bank of Canada now owns 5,369,981 shares of the company's stock worth $524,003,000 after acquiring an additional 100,898 shares during the period. Institutional investors own 61.00% of the company's stock.

Fomento Económico Mexicano Stock Down 0.1%

FMX traded down $0.12 during trading on Tuesday, reaching $106.97. The stock had a trading volume of 475,897 shares, compared to its average volume of 618,328. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $38.27 billion, a price-to-earnings ratio of 27.43, a P/E/G ratio of 5.26 and a beta of 0.69. The stock's 50 day moving average is $101.82 and its two-hundred day moving average is $93.45. Fomento Económico Mexicano has a one year low of $81.08 and a one year high of $119.18.

Fomento Económico Mexicano (NYSE:FMX - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.07). Fomento Económico Mexicano had a return on equity of 8.37% and a net margin of 3.22%. The business had revenue of $9.65 billion during the quarter, compared to the consensus estimate of $194.75 billion. As a group, analysts expect that Fomento Económico Mexicano will post 5.32 earnings per share for the current year.

Fomento Económico Mexicano Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, May 5th. Investors of record on Friday, April 25th were given a $1.628 dividend. The ex-dividend date of this dividend was Thursday, April 24th. This is a boost from Fomento Económico Mexicano's previous dividend of $0.92. This represents a yield of 1.57%. Fomento Económico Mexicano's dividend payout ratio is 11.41%.

Fomento Económico Mexicano Company Profile

Fomento Económico Mexicano, SAB. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. The company produces, markets, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay.