Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Fomento Economico Mexicano S.A.B. de C.V. has received a consensus rating of "Hold" from five analysts, with an average 1-year target price of $107.20.
• The company reported earnings of $0.42 per share, significantly missing analysts' expectations of $0.91 for the quarter.
• Fomento Economico Mexicano recently increased its dividend to $1.3625, a rise from $0.73, representing a dividend yield of 200.0%.

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Get Free Report) has received a consensus recommendation of "Hold" from the five analysts that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $107.20.

FMX has been the topic of a number of research reports. Barclays dropped their price target on Fomento Economico Mexicano from $110.00 to $107.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 31st. Wall Street Zen downgraded Fomento Economico Mexicano from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, UBS Group raised their price target on Fomento Economico Mexicano from $112.00 to $115.00 and gave the stock a "neutral" rating in a research note on Thursday, July 10th.

Fomento Economico Mexicano Trading Down 1.6%

NYSE FMX opened at $86.81 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.34 and a quick ratio of 1.06. The firm's fifty day moving average price is $99.94 and its 200 day moving average price is $98.32. The company has a market capitalization of $31.06 billion, a price-to-earnings ratio of 29.53, a price-to-earnings-growth ratio of 4.10 and a beta of 0.66. Fomento Economico Mexicano has a 12 month low of $81.07 and a 12 month high of $114.33.

Fomento Economico Mexicano (NYSE:FMX - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.49). The firm had revenue of $11.27 billion for the quarter, compared to analysts' expectations of $216.71 billion. Fomento Economico Mexicano had a return on equity of 5.32% and a net margin of 2.60%. On average, sell-side analysts expect that Fomento Economico Mexicano will post 5.32 earnings per share for the current fiscal year.

Fomento Economico Mexicano Increases Dividend

The business also recently announced a -- dividend, which was paid on Monday, July 28th. Shareholders of record on Thursday, July 17th were paid a $1.3625 dividend. This is an increase from Fomento Economico Mexicano's previous -- dividend of $0.73. The ex-dividend date was Thursday, July 17th. This represents a dividend yield of 200.0%. Fomento Economico Mexicano's dividend payout ratio (DPR) is 74.83%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC lifted its holdings in shares of Fomento Economico Mexicano by 93.7% in the 4th quarter. LPL Financial LLC now owns 14,391 shares of the company's stock valued at $1,230,000 after buying an additional 6,960 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Fomento Economico Mexicano by 4.2% in the 4th quarter. Franklin Resources Inc. now owns 3,117 shares of the company's stock valued at $266,000 after buying an additional 125 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Fomento Economico Mexicano by 17.0% in the 4th quarter. Wells Fargo & Company MN now owns 28,135 shares of the company's stock valued at $2,405,000 after buying an additional 4,096 shares during the period. FMR LLC lifted its holdings in shares of Fomento Economico Mexicano by 540.3% in the 4th quarter. FMR LLC now owns 3,147,544 shares of the company's stock valued at $269,084,000 after buying an additional 2,655,962 shares during the period. Finally, Cerity Partners LLC lifted its holdings in shares of Fomento Economico Mexicano by 15.4% in the 4th quarter. Cerity Partners LLC now owns 10,983 shares of the company's stock valued at $939,000 after buying an additional 1,463 shares during the period. 61.00% of the stock is currently owned by hedge funds and other institutional investors.

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.

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