Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Given Average Recommendation of “Hold” by Analysts

Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) have been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $135.75.

A number of research firms have issued reports on FMX. StockNews.com downgraded shares of Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a report on Monday, February 26th. UBS Group cut Fomento Económico Mexicano from a “buy” rating to a “neutral” rating in a research report on Friday, January 12th. Bank of America reissued a “neutral” rating on shares of Fomento Económico Mexicano in a report on Monday, February 26th. Finally, HSBC upgraded shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating and lifted their target price for the stock from $124.00 to $152.00 in a research note on Friday, February 9th.

Fomento Económico Mexicano Stock Down 0.4 %

Fomento Económico Mexicano stock opened at $119.39 on Thursday. The company’s 50-day moving average is $123.73 and its 200-day moving average is $126.34. Fomento Económico Mexicano has a fifty-two week low of $95.49 and a fifty-two week high of $143.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.63 and a current ratio of 1.95.

Fomento Económico Mexicano (NYSE:FMX) last announced its quarterly earnings data on Friday, February 23rd. The company reported $1.07 EPS for the quarter. The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $11.21 billion. Fomento Económico Mexicano had a net margin of 2.91% and a return on equity of 8.20%. On average, analysts anticipate that Fomento Económico Mexicano will post 5.52 EPS for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, April 29th. Investors of record on Wednesday, April 17th were issued a $1.115 dividend. This represents a yield of 0.87%. This is an increase from Fomento Económico Mexicano’s previous annual dividend of $0.74. The ex-dividend date was Tuesday, April 16th. Fomento Económico Mexicano’s dividend payout ratio (DPR) is presently 16.80%.

Hedge Funds Weigh In On Fomento Económico Mexicano

Institutional investors and hedge funds have recently modified their holdings of the company. Headlands Technologies LLC boosted its stake in Fomento Económico Mexicano by 448.6% in the 4th quarter. Headlands Technologies LLC now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 166 shares during the period. Park Place Capital Corp grew its stake in shares of Fomento Económico Mexicano by 78.2% during the first quarter. Park Place Capital Corp now owns 221 shares of the company’s stock valued at $29,000 after buying an additional 97 shares during the last quarter. Mather Group LLC. purchased a new stake in shares of Fomento Económico Mexicano in the first quarter worth approximately $34,000. Operose Advisors LLC bought a new stake in shares of Fomento Económico Mexicano during the 3rd quarter worth approximately $29,000. Finally, Van ECK Associates Corp lifted its position in shares of Fomento Económico Mexicano by 48.6% during the fourth quarter. Van ECK Associates Corp now owns 318 shares of the company’s stock worth $41,000 after purchasing an additional 104 shares during the last quarter.

About Fomento Económico 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.