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

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Get Free Report) has received a consensus recommendation of "Hold" from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $107.45.

FMX has been the topic of a number of research analyst reports. Itau BBA Securities raised Fomento Economico Mexicano from a "market perform" rating to an "outperform" rating in a research report on Monday, April 7th. UBS Group boosted their target price on Fomento Economico Mexicano from $112.00 to $115.00 and gave the company a "neutral" rating in a research report on Thursday, July 10th. Barclays boosted their target price on Fomento Economico Mexicano from $102.00 to $108.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Finally, Wall Street Zen downgraded shares of Fomento Economico Mexicano from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th.

Institutional Trading of Fomento Economico Mexicano

Several large investors have recently modified their holdings of FMX. Raymond James Financial Inc. purchased a new stake in Fomento Economico Mexicano in the 4th quarter worth approximately $813,000. Madison Investment Advisors LLC acquired a new position in shares of Fomento Economico Mexicano in the 4th quarter valued at $2,004,000. Corient Private Wealth LLC raised its stake in shares of Fomento Economico Mexicano by 15.4% in the 4th quarter. Corient Private Wealth LLC now owns 5,147 shares of the company's stock valued at $440,000 after acquiring an additional 686 shares during the period. Whittier Trust Co. raised its stake in shares of Fomento Economico Mexicano by 45.2% in the 4th quarter. Whittier Trust Co. now owns 9,962 shares of the company's stock valued at $852,000 after acquiring an additional 3,099 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Fomento Economico Mexicano by 32.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,282 shares of the company's stock valued at $281,000 after acquiring an additional 803 shares during the period. 61.00% of the stock is currently owned by institutional investors and hedge funds.

Fomento Economico Mexicano Price Performance

Fomento Economico Mexicano stock traded down $0.89 during midday trading on Wednesday, reaching $99.40. The company had a trading volume of 405,251 shares, compared to its average volume of 599,199. The company has a market capitalization of $35.56 billion, a P/E ratio of 22.24, a P/E/G ratio of 3.16 and a beta of 0.65. Fomento Economico Mexicano has a 12-month low of $81.08 and a 12-month high of $119.18. The firm's fifty day simple moving average is $103.82 and its 200-day simple moving average is $97.31. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.64 and a quick ratio of 1.31.

Fomento Economico Mexicano (NYSE:FMX - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07). Fomento Economico Mexicano had a return on equity of 7.86% and a net margin of 3.98%. The business had revenue of $9.65 billion during the quarter, compared to analysts' expectations of $194.75 billion. As a group, equities analysts anticipate that Fomento Economico Mexicano will post 5.32 EPS for the current year.

Fomento Economico Mexicano Increases Dividend

The business also recently announced a -- dividend, which will be paid on Monday, July 28th. Shareholders of record on Thursday, July 17th will be given a dividend of $1.3625 per share. This is a positive change from Fomento Economico Mexicano's previous -- dividend of $0.73. This represents a yield of 2%. The ex-dividend date is Thursday, July 17th. Fomento Economico Mexicano's dividend payout ratio is presently 49.44%.

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.