Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Receives Average Rating of “Hold” from Analysts

Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) have been assigned a consensus rating of “Hold” from the six research firms that are presently covering the company, MarketBeat.com reports. Four 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 covered the stock in the last year is $135.75.

Several equities research analysts have recently commented on FMX shares. HSBC upgraded Fomento Económico Mexicano from a “hold” rating to a “buy” rating and upped their price objective for the stock from $124.00 to $152.00 in a research note on Friday, February 9th. UBS Group cut shares of Fomento Económico Mexicano from a “buy” rating to a “neutral” rating in a research note on Friday, January 12th. Bank of America reaffirmed a “neutral” rating on shares of Fomento Económico Mexicano in a report on Monday, February 26th. Finally, StockNews.com cut shares of Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a research note on Monday, February 26th.

Fomento Económico Mexicano Price Performance

Shares of NYSE FMX opened at $119.39 on Thursday. The firm’s fifty day moving average is $123.73 and its 200 day moving average is $126.34. The company has a quick ratio of 1.63, a current ratio of 1.95 and a debt-to-equity ratio of 0.34. Fomento Económico Mexicano has a 52 week low of $95.49 and a 52 week high of $143.43.

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

Fomento Económico Mexicano Increases Dividend

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

Institutional Investors Weigh In On Fomento Económico Mexicano

A number of institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC raised its holdings in Fomento Económico Mexicano by 448.6% in the 4th quarter. Headlands Technologies LLC now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 166 shares during the last quarter. Operose Advisors LLC acquired a new stake in shares of Fomento Económico Mexicano during the 3rd quarter worth about $29,000. Park Place Capital Corp boosted its stake in Fomento Económico Mexicano by 78.2% during the first quarter. Park Place Capital Corp now owns 221 shares of the company’s stock worth $29,000 after buying an additional 97 shares during the period. Mather Group LLC. acquired a new stake in shares of Fomento Económico Mexicano during the first quarter worth about $34,000. Finally, Assetmark Inc. acquired a new position in shares of Fomento Económico Mexicano in the third quarter valued at approximately $36,000.

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.