Fomento Economico Mexicano (NYSE:FMX) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $107.66 and traded as high as $122.42. Fomento Economico Mexicano shares last traded at $121.4230, with a volume of 342,741 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Fomento Economico Mexicano from a “strong-buy” rating to a “buy” rating in a report on Monday, May 11th. JPMorgan Chase & Co. boosted their target price on shares of Fomento Economico Mexicano from $98.00 to $117.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Weiss Ratings raised Fomento Economico Mexicano from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. UBS Group boosted their price target on Fomento Economico Mexicano from $109.00 to $122.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Finally, Zacks Research raised Fomento Economico Mexicano from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Fomento Economico Mexicano currently has a consensus rating of “Moderate Buy” and a consensus target price of $114.33.

Fomento Economico Mexicano Stock Performance

The stock has a market capitalization of $42.16 billion, a price-to-earnings ratio of 27.30, a P/E/G ratio of 0.83 and a beta of 0.42. The company’s fifty day simple moving average is $115.26 and its 200 day simple moving average is $107.86. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.47.

Fomento Economico Mexicano (NYSE:FMX) last released its quarterly earnings data on Tuesday, March 31st. The company reported $2.43 EPS for the quarter. Fomento Economico Mexicano had a net margin of 3.40% and a return on equity of 7.33%. The firm had revenue of $11.61 billion for the quarter. On average, equities research analysts expect that Fomento Economico Mexicano S.A.B. de C.V. will post 4.87 earnings per share for the current year.

Fomento Economico Mexicano Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 4th. Stockholders of record on Wednesday, April 22nd were given a $0.6658 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $2.66 annualized dividend and a dividend yield of 2.2%. Fomento Economico Mexicano’s dividend payout ratio is presently 53.47%.

Insider Activity at Fomento Economico Mexicano

In other news, Director Garza Alfonso Garza sold 52,316 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $11.07, for a total value of $579,138.12. Following the transaction, the director owned 1,233,080 shares of the company’s stock, valued at approximately $13,650,195.60. This represents a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 261,575 shares of company stock valued at $2,795,188 over the last 90 days. 5.68% of the stock is currently owned by corporate insiders.

Institutional Trading of Fomento Economico Mexicano

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its position in shares of Fomento Economico Mexicano by 7.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the company’s stock worth $134,000 after purchasing an additional 96 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Fomento Economico Mexicano by 15.1% during the fourth quarter. UMB Bank n.a. now owns 733 shares of the company’s stock worth $74,000 after purchasing an additional 96 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Fomento Economico Mexicano by 42.5% during the second quarter. Tower Research Capital LLC TRC now owns 439 shares of the company’s stock worth $45,000 after purchasing an additional 131 shares during the period. HB Wealth Management LLC grew its position in Fomento Economico Mexicano by 5.8% during the first quarter. HB Wealth Management LLC now owns 2,491 shares of the company’s stock worth $277,000 after buying an additional 136 shares in the last quarter. Finally, Arax Advisory Partners grew its position in Fomento Economico Mexicano by 20.1% during the fourth quarter. Arax Advisory Partners now owns 812 shares of the company’s stock worth $82,000 after buying an additional 136 shares in the last quarter. Institutional investors and hedge funds own 61.00% of the company’s stock.

Fomento Economico Mexicano Company Profile

Fomento Económico Mexicano, SAB. de C.V. (FEMSA) is a Mexican multinational company active primarily in the retail and beverage sectors. Headquartered in Monterrey, Mexico, FEMSA’s operations span convenience store retailing, beverage bottling and distribution, and related logistics and consumer services. The company’s business model combines high-frequency retail outlets with large-scale beverage production and a regional supply chain network.

FEMSA Comercio, the company’s retail arm, operates a large chain of convenience stores under the OXXO brand and has expanded its retail footprint with complementary formats and services.