Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Receives $103.95 Consensus Target Price from Brokerages

Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Get Free Report) have earned an average recommendation of "Hold" from the five research firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $103.95.

Several research analysts have recently weighed in on FMX shares. StockNews.com cut shares of Fomento Económico Mexicano from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th. Barclays upped their target price on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. The Goldman Sachs Group decreased their price target on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating on the stock in a report on Tuesday, January 28th. UBS Group boosted their price target on Fomento Económico Mexicano from $94.00 to $107.00 and gave the stock a "neutral" rating in a report on Friday, March 14th. Finally, Itau BBA Securities raised shares of Fomento Económico Mexicano from a "market perform" rating to an "outperform" rating in a report on Monday, April 7th.

Institutional Trading of Fomento Económico Mexicano

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brooklyn Investment Group grew its holdings in Fomento Económico Mexicano by 82.8% during the fourth quarter. Brooklyn Investment Group now owns 340 shares of the company's stock worth $29,000 after acquiring an additional 154 shares during the period. Banque Transatlantique SA purchased a new position in Fomento Económico Mexicano in the fourth quarter valued at approximately $44,000. Alpine Bank Wealth Management acquired a new position in Fomento Económico Mexicano during the 1st quarter worth $46,000. Mather Group LLC. increased its holdings in Fomento Económico Mexicano by 179.1% in the fourth quarter. Mather Group LLC. now owns 575 shares of the company's stock valued at $49,000 after buying an additional 369 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in Fomento Económico Mexicano during the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 61.00% of the company's stock.

Fomento Económico Mexicano Stock Up 1.0 %

NYSE:FMX traded up $1.01 on Friday, reaching $103.89. 50,434 shares of the stock traded hands, compared to its average volume of 622,440. The company has a market capitalization of $37.17 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 5.26 and a beta of 0.69. The company's fifty day simple moving average is $99.62 and its 200 day simple moving average is $92.68. Fomento Económico Mexicano has a 12 month low of $81.08 and a 12 month high of $123.09. The company has a current ratio of 1.62, a quick ratio of 1.32 and a debt-to-equity ratio of 0.37.

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

Fomento Económico Mexicano Increases Dividend

The business also recently announced a dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 25th were paid a $1.628 dividend. This is an increase from Fomento Económico Mexicano's previous dividend of $0.92. This represents a dividend yield of 1.57%. The ex-dividend date was Thursday, April 24th. Fomento Económico Mexicano's dividend payout ratio (DPR) is 11.41%.

About Fomento Económico Mexicano

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.