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) has been given an average rating of “Hold” by the five analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $106.70.

FMX has been the topic of several research analyst reports. 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 downgraded shares of Fomento Economico Mexicano from a “buy” rating to a “hold” rating in a report on Wednesday, April 30th. UBS Group raised 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. Finally, Barclays boosted their price objective on shares of Fomento Economico Mexicano from $102.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Monday, May 12th.

Fomento Economico Mexicano Stock Performance

Shares of FMX stock opened at $102.11 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.31 and a current ratio of 1.64. The company has a market capitalization of $36.54 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 3.57 and a beta of 0.67. The company’s 50 day moving average price is $104.35 and its two-hundred day moving average price is $95.74. Fomento Economico Mexicano has a 52 week low of $81.08 and a 52 week high of $119.18.

Fomento Economico Mexicano (NYSE:FMX) last announced its earnings results on Monday, April 28th. The company reported $0.45 EPS 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 fiscal year.

Fomento Economico Mexicano Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 25th were given a $1.628 dividend. This represents a dividend yield of 1.57%. The ex-dividend date of this dividend was Thursday, April 24th. This is a positive change from Fomento Economico Mexicano’s previous dividend of $0.92. Fomento Economico Mexicano’s payout ratio is currently 11.41%.

Institutional Trading of Fomento Economico Mexicano

Institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new position in Fomento Economico Mexicano during the first quarter worth $29,000. Alpine Bank Wealth Management acquired a new position in Fomento Economico Mexicano during the first quarter worth $46,000. Banque Transatlantique SA acquired a new position in Fomento Economico Mexicano during the fourth quarter worth $44,000. Banque Cantonale Vaudoise acquired a new position in Fomento Economico Mexicano during the first quarter worth $51,000. Finally, Brooklyn Investment Group increased its holdings in Fomento Economico Mexicano by 112.4% during the first quarter. Brooklyn Investment Group now owns 722 shares of the company’s stock worth $70,000 after buying an additional 382 shares during the last quarter. Institutional investors own 61.00% of the company’s stock.

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.