Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Given Consensus Rating of “Hold” by Brokerages

Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMXGet Free Report) have received a consensus rating of “Hold” from the five brokerages that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $119.20.

A number of equities research analysts have issued reports on FMX shares. StockNews.com upgraded Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group cut their price objective on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Finally, Barclays cut shares of Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 21st.

Get Our Latest Analysis on FMX

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D boosted its stake in Fomento Económico Mexicano by 5.0% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 193,052 shares of the company’s stock valued at $16,504,000 after purchasing an additional 9,254 shares in the last quarter. Baillie Gifford & Co. boosted its stake in Fomento Económico Mexicano by 0.4% during the fourth quarter. Baillie Gifford & Co. now owns 4,325,489 shares of the company’s stock valued at $369,786,000 after buying an additional 18,750 shares in the last quarter. Lester Murray Antman dba SimplyRich grew its holdings in Fomento Económico Mexicano by 21.2% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 5,267 shares of the company’s stock worth $450,000 after acquiring an additional 922 shares during the period. Stephens Inc. AR raised its position in Fomento Económico Mexicano by 30.9% in the fourth quarter. Stephens Inc. AR now owns 5,816 shares of the company’s stock worth $497,000 after acquiring an additional 1,372 shares in the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. lifted its holdings in Fomento Económico Mexicano by 10.5% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 28,176 shares of the company’s stock valued at $2,409,000 after acquiring an additional 2,669 shares during the last quarter. 61.00% of the stock is currently owned by institutional investors.

Fomento Económico Mexicano Stock Performance

Shares of FMX stock opened at $85.91 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average of $86.19 and a two-hundred day moving average of $96.27. The company has a market cap of $30.74 billion, a P/E ratio of 22.03, a PEG ratio of 4.92 and a beta of 0.90. Fomento Económico Mexicano has a 52 week low of $81.07 and a 52 week high of $143.43.

Fomento Económico Mexicano Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were issued a $0.9201 dividend. The ex-dividend date of this dividend was Friday, January 17th. This is an increase from Fomento Económico Mexicano’s previous dividend of $0.74. Fomento Económico Mexicano’s dividend payout ratio is presently 11.79%.

About Fomento Económico Mexicano

(Get Free Report

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.

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Analyst Recommendations for Fomento Económico Mexicano (NYSE:FMX)

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