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

Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) have received an average rating of “Hold” from the five research firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $103.95.

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group decreased their price target on shares of Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Itau BBA Securities upgraded Fomento Económico Mexicano from a “market perform” rating to an “outperform” rating in a report on Monday. UBS Group increased their target price on Fomento Económico Mexicano from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, March 14th. Finally, Barclays raised their price objective on shares of Fomento Económico Mexicano from $99.00 to $102.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th.

Fomento Económico Mexicano Trading Down 3.3 %

Fomento Económico Mexicano stock traded down $3.17 during trading hours on Monday, reaching $93.64. 110,937 shares of the company’s stock were exchanged, compared to its average volume of 626,311. The firm has a market capitalization of $33.50 billion, a PE ratio of 23.97, a PEG ratio of 5.26 and a beta of 0.68. 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 firm’s 50 day simple moving average is $93.27 and its 200 day simple moving average is $92.16. Fomento Económico Mexicano has a twelve month low of $81.08 and a twelve month high of $130.00.

Fomento Económico Mexicano (NYSE:FMX) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($1.05). The business had revenue of $9.99 billion during the quarter, compared to analyst estimates of $201.67 billion. Fomento Económico Mexicano had a net margin of 3.22% and a return on equity of 8.37%. Research analysts predict that Fomento Económico Mexicano will post 5.32 earnings per share for the current year.

Fomento Económico Mexicano Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were given a dividend of $0.9201 per share. This is a boost from Fomento Económico Mexicano’s previous dividend of $0.74. The ex-dividend date of this dividend was Friday, January 17th. Fomento Económico Mexicano’s dividend payout ratio (DPR) is presently 11.03%.

Institutional Trading of Fomento Económico Mexicano

Hedge funds have recently added to or reduced their stakes in the business. Fairtree Asset Management Pty Ltd purchased a new stake in Fomento Económico Mexicano during the 4th quarter valued at about $223,000. Asset Value Investors Ltd purchased a new stake in shares of Fomento Económico Mexicano during the fourth quarter valued at approximately $42,793,000. Employees Retirement System of Texas grew its holdings in shares of Fomento Económico Mexicano by 3.3% in the fourth quarter. Employees Retirement System of Texas now owns 486,584 shares of the company’s stock worth $41,598,000 after purchasing an additional 15,488 shares during the last quarter. Talaria Asset Management Pty Ltd purchased a new position in shares of Fomento Económico Mexicano in the fourth quarter worth $47,110,000. Finally, Public Employees Retirement System of Ohio raised its holdings in Fomento Económico Mexicano by 6.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 213,843 shares of the company’s stock valued at $18,281,000 after buying an additional 12,689 shares during the last quarter. 61.00% of the stock is owned by institutional investors.

Fomento Económico 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.