Fomento Económico Mexicano (NYSE:FMX) Sets New 52-Week Low at $99.02

Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) hit a new 52-week low on Friday . The company traded as low as $99.02 and last traded at $99.64, with a volume of 1028861 shares changing hands. The stock had previously closed at $102.21.

Analyst Ratings Changes

A number of research firms have recently weighed in on FMX. Barclays cut their price objective on shares of Fomento Económico Mexicano from $160.00 to $145.00 and set an “overweight” rating for the company in a research report on Monday, July 15th. StockNews.com raised Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Fomento Económico Mexicano presently has a consensus rating of “Hold” and a consensus target price of $139.50.

Fomento Económico Mexicano Trading Down 2.4 %

The business’s 50 day moving average price is $108.37 and its 200-day moving average price is $114.75. The firm has a market cap of $35.69 billion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 5.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 1.72.

Fomento Económico Mexicano (NYSE:FMX) last released its quarterly earnings data on Wednesday, July 24th. The company reported $1.87 EPS for the quarter. The firm had revenue of $11.54 billion during the quarter. Fomento Económico Mexicano had a net margin of 3.75% and a return on equity of 8.65%. Equities analysts expect that Fomento Económico Mexicano, S.A.B. de C.V. will post 5.44 EPS for the current year.

Fomento Económico Mexicano Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, July 29th. Investors of record on Wednesday, July 17th were given a $1.0206 dividend. The ex-dividend date of this dividend was Wednesday, July 17th. This is an increase from Fomento Económico Mexicano’s previous semi-annual dividend of $0.74. This represents a yield of 1.5%. Fomento Económico Mexicano’s dividend payout ratio (DPR) is currently 14.36%.

Institutional Trading of Fomento Económico Mexicano

Several large investors have recently added to or reduced their stakes in FMX. Park Place Capital Corp lifted its stake in shares of Fomento Económico Mexicano by 78.2% in the 1st quarter. Park Place Capital Corp now owns 221 shares of the company’s stock worth $29,000 after acquiring an additional 97 shares during the period. Mather Group LLC. acquired a new stake in shares of Fomento Económico Mexicano in the first quarter valued at $34,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Fomento Económico Mexicano during the second quarter valued at about $51,000. Parallel Advisors LLC grew its holdings in Fomento Económico Mexicano by 22.1% during the fourth quarter. Parallel Advisors LLC now owns 741 shares of the company’s stock worth $97,000 after acquiring an additional 134 shares during the period. Finally, CWM LLC raised its position in Fomento Económico Mexicano by 28.7% in the second quarter. CWM LLC now owns 956 shares of the company’s stock worth $103,000 after acquiring an additional 213 shares in the last quarter.

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.