Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) to Issue -- Dividend of $1.36

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Get Free Report) declared a -- dividend on Wednesday, July 9th, Wall Street Journal reports. Shareholders of record on Thursday, July 17th will be given a dividend of 1.3625 per share on Monday, July 28th. This represents a yield of 2%. The ex-dividend date of this dividend is Thursday, July 17th. This is a 85.8% increase from Fomento Economico Mexicano's previous -- dividend of $0.73.

Fomento Economico Mexicano has a dividend payout ratio of 11.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Fomento Economico Mexicano to earn $5.32 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 10.9%.

Fomento Economico Mexicano Stock Performance

FMX stock traded down $0.41 during trading on Friday, hitting $101.09. The company had a trading volume of 327,995 shares, compared to its average volume of 598,073. The firm has a 50-day moving average price of $104.14 and a 200-day moving average price of $96.78. The company has a quick ratio of 1.31, a current ratio of 1.64 and a debt-to-equity ratio of 0.34. The firm has a market cap of $36.17 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 3.22 and a beta of 0.65. Fomento Economico Mexicano has a 1-year low of $81.08 and a 1-year high of $119.18.

Fomento Economico Mexicano (NYSE:FMX - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.07). The company had revenue of $9.65 billion for the quarter, compared to analyst estimates of $194.75 billion. Fomento Economico Mexicano had a return on equity of 7.86% and a net margin of 3.98%. On average, analysts expect that Fomento Economico Mexicano will post 5.32 earnings per share for the current year.

Analysts Set New Price Targets

FMX has been the subject of a number of recent analyst reports. Itau BBA Securities upgraded shares of Fomento Economico Mexicano from a "market perform" rating to an "outperform" rating in a research report on Monday, April 7th. Barclays raised their price target on Fomento Economico Mexicano from $102.00 to $108.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. UBS Group increased their price objective on Fomento Economico Mexicano from $112.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Wall Street Zen cut Fomento Economico Mexicano from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Fomento Economico Mexicano presently has a consensus rating of "Hold" and a consensus target price of $107.45.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fomento Economico Mexicano stock. AQR Capital Management LLC grew its position in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Free Report) by 19.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,072 shares of the company's stock after buying an additional 969 shares during the quarter. AQR Capital Management LLC's holdings in Fomento Economico Mexicano were worth $593,000 at the end of the most recent quarter. 61.00% of the stock is owned by institutional investors and hedge funds.

Fomento Economico 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.