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

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) has received an average rating of “Hold” from the five analysts that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $107.45.

FMX has been the subject of a number of recent analyst reports. Itau BBA Securities raised Fomento Economico Mexicano from a “market perform” rating to an “outperform” rating in a research report on Monday, April 7th. Barclays increased their target price on Fomento Economico Mexicano from $102.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Monday, May 12th. Wall Street Zen lowered Fomento Economico Mexicano from a “buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Finally, UBS Group increased their target price on Fomento Economico Mexicano from $112.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, July 10th.

Hedge Funds Weigh In On Fomento Economico Mexicano

A number of large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in Fomento Economico Mexicano by 41.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after acquiring an additional 108 shares during the period. Stephens Inc. AR increased its stake in Fomento Economico Mexicano by 2.1% during the 1st quarter. Stephens Inc. AR now owns 5,937 shares of the company’s stock worth $579,000 after acquiring an additional 121 shares during the period. Franklin Resources Inc. increased its stake in Fomento Economico Mexicano by 4.2% during the 4th quarter. Franklin Resources Inc. now owns 3,117 shares of the company’s stock worth $266,000 after acquiring an additional 125 shares during the period. Park Avenue Securities LLC increased its stake in Fomento Economico Mexicano by 4.6% during the 2nd quarter. Park Avenue Securities LLC now owns 2,850 shares of the company’s stock worth $293,000 after acquiring an additional 125 shares during the period. Finally, UMB Bank n.a. increased its stake in Fomento Economico Mexicano by 25.3% during the 2nd quarter. UMB Bank n.a. now owns 821 shares of the company’s stock worth $85,000 after acquiring an additional 166 shares during the period. Institutional investors own 61.00% of the company’s stock.

Fomento Economico Mexicano Stock Performance

FMX opened at $98.22 on Wednesday. Fomento Economico Mexicano has a 12-month low of $81.08 and a 12-month high of $119.18. The stock has a market cap of $35.14 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 3.10 and a beta of 0.65. The business has a 50 day moving average of $103.99 and a 200-day moving average of $97.09. The company has a quick ratio of 1.31, a current ratio of 1.64 and a debt-to-equity ratio of 0.34.

Fomento Economico Mexicano (NYSE:FMX) last released its quarterly earnings data on Monday, April 28th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.07). Fomento Economico Mexicano had a net margin of 3.98% and a return on equity of 7.86%. The business had revenue of $9.65 billion during the quarter, compared to analyst estimates of $194.75 billion. On average, equities research analysts expect that Fomento Economico Mexicano will post 5.32 earnings per share for the current year.

Fomento Economico Mexicano Increases Dividend

The company also recently announced a — dividend, which will be paid on Monday, July 28th. Stockholders of record on Thursday, July 17th will be paid a dividend of $1.3625 per share. The ex-dividend date is Thursday, July 17th. This represents a dividend yield of 2%. This is a positive change from Fomento Economico Mexicano’s previous — dividend of $0.73. Fomento Economico Mexicano’s dividend payout ratio (DPR) is 11.41%.

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.