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

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Get Free Report) has been assigned an average rating of "Hold" from the five ratings firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $106.70.

Several brokerages have issued reports on FMX. UBS Group lifted their target price 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 report on Monday, April 7th. Wall Street Zen cut Fomento Economico Mexicano from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, Barclays lifted their target price on Fomento Economico Mexicano from $102.00 to $108.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th.

Fomento Economico Mexicano Stock Up 0.6%

Shares of FMX stock traded up $0.61 during trading hours on Friday, hitting $101.24. 519,283 shares of the company's stock traded hands, compared to its average volume of 606,084. 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 cap of $36.22 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 3.53 and a beta of 0.67. The stock's fifty day simple moving average is $104.58 and its two-hundred day simple moving average is $95.50. Fomento Economico Mexicano has a 12-month low of $81.08 and a 12-month 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 the consensus estimate 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 EPS for the current year.

Fomento Economico Mexicano Increases Dividend

The company also recently announced a dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 25th were issued a $1.628 dividend. This represents a dividend yield of 1.57%. This is a boost 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 payout ratio is 11.41%.

Institutional Trading of Fomento Economico Mexicano

A number of large investors have recently made changes to their positions in the business. Stephens Inc. AR raised its stake in shares of Fomento Economico Mexicano by 2.1% in the first quarter. Stephens Inc. AR now owns 5,937 shares of the company's stock valued at $579,000 after acquiring an additional 121 shares during the period. Franklin Resources Inc. grew its holdings in Fomento Economico Mexicano by 4.2% during the 4th quarter. Franklin Resources Inc. now owns 3,117 shares of the company's stock valued at $266,000 after purchasing an additional 125 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in Fomento Economico Mexicano by 5.8% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,015 shares of the company's stock worth $429,000 after purchasing an additional 274 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Fomento Economico Mexicano in the first quarter worth about $29,000. Finally, Parallel Advisors LLC boosted its position in shares of Fomento Economico Mexicano by 56.2% during the first quarter. Parallel Advisors LLC now owns 831 shares of the company's stock valued at $81,000 after buying an additional 299 shares during the period. 61.00% of the stock is currently owned by institutional investors.

About Fomento Economico 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.