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

Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) have been given an average rating of “Hold” by the seven analysts that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $129.40.

FMX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $104.00 to $109.00 in a research note on Monday, September 23rd. Barclays reduced their price target on shares of Fomento Económico Mexicano from $145.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, October 14th. Finally, StockNews.com raised shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a report on Saturday.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FMX. Park Place Capital Corp grew its position in shares of Fomento Económico Mexicano by 78.2% during the 1st 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 Fomento Económico Mexicano during the 1st quarter worth $34,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Fomento Económico Mexicano during the 2nd quarter valued at $51,000. CWM LLC lifted its stake in shares of Fomento Económico Mexicano by 28.7% in the 2nd quarter. CWM LLC now owns 956 shares of the company’s stock valued at $103,000 after purchasing an additional 213 shares during the period. Finally, Contravisory Investment Management Inc. bought a new position in shares of Fomento Económico Mexicano in the 2nd quarter worth $163,000.

Fomento Económico Mexicano Price Performance

Shares of Fomento Económico Mexicano stock opened at $98.03 on Wednesday. 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 market capitalization of $35.07 billion, a price-to-earnings ratio of 26.57, a P/E/G ratio of 5.60 and a beta of 0.94. Fomento Económico Mexicano has a 1-year low of $95.84 and a 1-year high of $143.43. The firm’s 50-day moving average price is $102.27 and its two-hundred day moving average price is $110.10.

Fomento Económico Mexicano (NYSE:FMX) last released its quarterly earnings results on Wednesday, July 24th. The company reported $1.87 EPS for the quarter. Fomento Económico Mexicano had a return on equity of 8.65% and a net margin of 3.75%. The business had revenue of $11.54 billion for the quarter. On average, equities analysts predict that Fomento Económico Mexicano will post 5.41 earnings per share for the current fiscal year.

Fomento Económico Mexicano Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Monday, October 28th. Investors of record on Wednesday, October 16th will be given a $0.864 dividend. The ex-dividend date is Wednesday, October 16th. This represents a yield of 0.87%. Fomento Económico Mexicano’s payout ratio is 23.31%.

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.