Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) Receives $106.70 Average PT from Brokerages

Shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Get Free Report) have received an average recommendation of "Hold" from the five ratings firms that are currently 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 price objective among brokers that have covered the stock in the last year is $106.70.

A number of analysts recently issued reports on the stock. UBS Group increased their price target on shares of Fomento Economico Mexicano from $107.00 to $112.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. 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 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 lowered 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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Fielder Capital Group LLC increased its stake in Fomento Economico Mexicano by 40.7% during the 4th quarter. Fielder Capital Group LLC now owns 3,168 shares of the company's stock worth $271,000 after buying an additional 917 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Fomento Economico Mexicano by 3,079.5% in the fourth quarter. Assetmark Inc. now owns 4,038 shares of the company's stock worth $345,000 after acquiring an additional 3,911 shares during the last quarter. Aigen Investment Management LP increased its position in shares of Fomento Economico Mexicano by 20.2% during the fourth quarter. Aigen Investment Management LP now owns 20,199 shares of the company's stock worth $1,727,000 after purchasing an additional 3,399 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Fomento Economico Mexicano in the 4th quarter valued at $813,000. Finally, Callan Family Office LLC purchased a new position in Fomento Economico Mexicano in the 4th quarter valued at $372,000. Hedge funds and other institutional investors own 61.00% of the company's stock.

Fomento Economico Mexicano Stock Performance

Shares of FMX traded down $1.28 during mid-day trading on Friday, reaching $100.52. The company had a trading volume of 676,514 shares, compared to its average volume of 606,395. Fomento Economico Mexicano has a 52-week low of $81.08 and a 52-week high of $119.18. 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 stock has a market capitalization of $35.96 billion, a P/E ratio of 22.49, a PEG ratio of 3.53 and a beta of 0.67. The stock has a 50 day moving average of $104.57 and a two-hundred day moving average of $95.41.

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

Fomento Economico Mexicano Increases Dividend

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

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.