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

Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMXGet Free Report) have been assigned an average rating of “Hold” from the five analysts that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $119.20.

Several research analysts recently commented on the stock. StockNews.com upgraded shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Barclays downgraded Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group cut 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.

Read Our Latest Stock Analysis on Fomento Económico Mexicano

Institutional Trading of Fomento Económico Mexicano

A number of hedge funds have recently modified their holdings of the company. Baillie Gifford & Co. raised its stake in shares of Fomento Económico Mexicano by 10.8% in the third quarter. Baillie Gifford & Co. now owns 4,306,739 shares of the company’s stock valued at $425,118,000 after purchasing an additional 421,057 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Fomento Económico Mexicano by 740.2% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 472,200 shares of the company’s stock valued at $50,832,000 after buying an additional 416,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Fomento Económico Mexicano by 267.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 313,602 shares of the company’s stock worth $30,956,000 after acquiring an additional 228,284 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Fomento Económico Mexicano during the 3rd quarter valued at about $19,856,000. Finally, Millennium Management LLC increased its stake in Fomento Económico Mexicano by 577.6% in the second quarter. Millennium Management LLC now owns 222,464 shares of the company’s stock valued at $23,948,000 after acquiring an additional 189,632 shares during the period. Institutional investors own 61.00% of the company’s stock.

Fomento Económico Mexicano Trading Up 0.7 %

Shares of FMX stock opened at $87.24 on Friday. Fomento Económico Mexicano has a 12 month low of $81.07 and a 12 month high of $143.43. The company has a market cap of $31.21 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 4.87 and a beta of 0.90. 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 business’s 50 day moving average is $86.28 and its two-hundred day moving average is $97.06.

Fomento Económico Mexicano Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were issued a dividend of $0.9201 per share. This is an increase from Fomento Económico Mexicano’s previous dividend of $0.74. The ex-dividend date was Friday, January 17th. Fomento Económico Mexicano’s payout ratio is presently 20.26%.

About Fomento Económico Mexicano

(Get Free Report

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.

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Analyst Recommendations for Fomento Económico Mexicano (NYSE:FMX)

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