Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Given Average Recommendation of "Hold" by Analysts

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX - Get Free Report) has earned a consensus rating of "Hold" from the five ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $119.20.

FMX has been the subject of several research analyst reports. StockNews.com upgraded shares of Fomento Económico Mexicano from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. Barclays lowered Fomento Económico Mexicano from an "overweight" rating to an "equal weight" rating in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group decreased their price objective on Fomento Económico Mexicano from $109.00 to $97.80 and set a "buy" rating for the company in a research report on Tuesday, January 28th.

Fomento Económico Mexicano Trading Down 0.4 %

NYSE:FMX traded down $0.38 on Friday, reaching $84.94. 566,957 shares of the company's stock were exchanged, compared to its average volume of 461,407. 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 has a market capitalization of $30.39 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 4.92 and a beta of 0.90. The business has a fifty day moving average of $86.26 and a 200-day moving average of $96.49. Fomento Económico Mexicano has a 52-week low of $81.07 and a 52-week high of $143.43.

Fomento Económico Mexicano Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 17th were paid a dividend of $0.9201 per share. The ex-dividend date of this dividend was Friday, January 17th. This is an increase from Fomento Económico Mexicano's previous dividend of $0.74. Fomento Económico Mexicano's dividend payout ratio (DPR) is currently 11.79%.

Institutional Investors Weigh In On Fomento Económico Mexicano

Large investors have recently made changes to their positions in the business. Baillie Gifford & Co. grew its holdings in Fomento Económico Mexicano by 0.4% during the 4th quarter. Baillie Gifford & Co. now owns 4,325,489 shares of the company's stock valued at $369,786,000 after purchasing an additional 18,750 shares in the last quarter. Perpetual Ltd raised its position in shares of Fomento Económico Mexicano by 23.8% during the 4th quarter. Perpetual Ltd now owns 924,669 shares of the company's stock worth $79,050,000 after buying an additional 177,843 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Fomento Económico Mexicano by 12.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 654,778 shares of the company's stock worth $55,977,000 after buying an additional 74,082 shares in the last quarter. Ninety One UK Ltd grew its stake in shares of Fomento Económico Mexicano by 3.9% in the 4th quarter. Ninety One UK Ltd now owns 644,148 shares of the company's stock worth $55,068,000 after purchasing an additional 23,902 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Fomento Económico Mexicano by 5.3% in the 3rd quarter. FMR LLC now owns 491,582 shares of the company's stock worth $48,524,000 after purchasing an additional 24,537 shares during the last quarter. Institutional investors and hedge funds own 61.00% of the company's stock.

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.