Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Receives $126.33 Average Target Price from Analysts

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Get Free Report) has earned an average rating of "Hold" from the five ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $126.33.

A number of analysts have weighed in on the stock. Barclays decreased their target price on shares of Fomento Económico Mexicano from $125.00 to $118.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. 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 report on Monday, September 23rd. Finally, StockNews.com upgraded Fomento Económico Mexicano from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th.

Fomento Económico Mexicano Price Performance

NYSE:FMX traded down $0.77 during trading hours on Thursday, hitting $88.55. The company's stock had a trading volume of 306,254 shares, compared to its average volume of 679,022. The company has a market capitalization of $31.68 billion, a P/E ratio of 22.90, a PEG ratio of 5.32 and a beta of 0.90. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.72 and a quick ratio of 1.44. Fomento Económico Mexicano has a twelve month low of $85.30 and a twelve month high of $143.43. The stock has a fifty day simple moving average of $93.95 and a 200-day simple moving average of $103.16.

Fomento Económico Mexicano Cuts Dividend

The company also recently announced an annual dividend, which was paid on Monday, October 28th. Investors of record on Wednesday, October 16th were given a $0.864 dividend. This represents a yield of 0.87%. The ex-dividend date was Wednesday, October 16th. Fomento Económico Mexicano's payout ratio is 12.82%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Fomento Económico Mexicano in the third quarter valued at approximately $7,672,000. Klein Pavlis & Peasley Financial Inc. grew its stake in Fomento Económico Mexicano by 29.6% in the 2nd quarter. Klein Pavlis & Peasley Financial Inc. now owns 24,105 shares of the company's stock valued at $2,595,000 after purchasing an additional 5,505 shares during the period. BNP Paribas Financial Markets increased its position in shares of Fomento Económico Mexicano by 107.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 326,302 shares of the company's stock valued at $32,209,000 after purchasing an additional 169,184 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Fomento Económico Mexicano by 740.2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 472,200 shares of the company's stock worth $50,832,000 after purchasing an additional 416,000 shares during the period. Finally, Perpetual Ltd boosted its holdings in shares of Fomento Económico Mexicano by 9.4% in the 3rd quarter. Perpetual Ltd now owns 746,826 shares of the company's stock worth $73,719,000 after buying an additional 64,291 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.