Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Receives $139.50 Consensus Target Price from Analysts

Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) have earned a consensus recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat 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 1-year price objective among analysts that have issued ratings on the stock in the last year is $139.50.

FMX has been the subject of several recent analyst reports. StockNews.com raised shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research report on Thursday, August 29th. Barclays cut their price target on shares of Fomento Económico Mexicano from $160.00 to $145.00 and set an “overweight” rating for the company in a report on Monday, July 15th.

Fomento Económico Mexicano Trading Down 0.1 %

Shares of FMX stock opened at $101.96 on Tuesday. The stock has a market cap of $36.48 billion, a P/E ratio of 27.63, a price-to-earnings-growth ratio of 4.01 and a beta of 0.94. Fomento Económico Mexicano has a 1 year low of $99.24 and a 1 year high of $143.43. The company has a current ratio of 1.72, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36. The stock has a 50 day simple moving average of $109.66 and a 200 day simple moving average of $116.08.

Fomento Económico Mexicano (NYSE:FMX) last released its earnings results on Wednesday, July 24th. The company reported $1.87 earnings per share for the quarter. The firm had revenue of $11.54 billion during the quarter. Fomento Económico Mexicano had a return on equity of 8.65% and a net margin of 3.75%. On average, research analysts predict that Fomento Económico Mexicano will post 5.12 earnings per share for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, July 29th. Shareholders of record on Wednesday, July 17th were given a $1.0206 dividend. This represents a yield of 1.5%. The ex-dividend date was Wednesday, July 17th. This is a boost from Fomento Económico Mexicano’s previous semi-annual dividend of $0.74. Fomento Económico Mexicano’s payout ratio is currently 14.36%.

Hedge Funds Weigh In On Fomento Económico Mexicano

Several institutional investors and hedge funds have recently added to or reduced their stakes in FMX. International Assets Investment Management LLC acquired a new position in Fomento Económico Mexicano in the 4th quarter valued at approximately $5,097,000. Van ECK Associates Corp lifted its holdings 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 period. Natixis Advisors L.P. grew its position in shares of Fomento Económico Mexicano by 8.3% in the 4th quarter. Natixis Advisors L.P. now owns 65,118 shares of the company’s stock valued at $8,487,000 after buying an additional 4,990 shares during the last quarter. Spire Wealth Management bought a new position in shares of Fomento Económico Mexicano during the fourth quarter worth about $564,000. Finally, Principal Securities Inc. bought a new position in shares of Fomento Económico Mexicano during the fourth quarter worth about $601,000.

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.