Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Receives $119.20 Consensus Price Target from Brokerages

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) has earned a consensus recommendation of “Hold” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $119.20.

Several brokerages recently weighed in on FMX. StockNews.com raised shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group decreased their price target on Fomento Económico Mexicano from $109.00 to $97.80 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Finally, Barclays cut Fomento Económico Mexicano from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 21st.

Institutional Trading of Fomento Económico Mexicano

Several large investors have recently modified their holdings of FMX. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Fomento Económico Mexicano during the 3rd quarter valued at about $7,672,000. BNP Paribas Financial Markets boosted its holdings in shares of Fomento Económico Mexicano by 107.7% in the third quarter. BNP Paribas Financial Markets now owns 326,302 shares of the company’s stock worth $32,209,000 after buying an additional 169,184 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Fomento Económico Mexicano by 740.2% during the second 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 during the period. Perpetual Ltd increased its holdings in Fomento Económico Mexicano by 9.4% during the third quarter. Perpetual Ltd now owns 746,826 shares of the company’s stock valued at $73,719,000 after buying an additional 64,291 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new position in Fomento Económico Mexicano in the fourth quarter worth approximately $225,000. Institutional investors own 61.00% of the company’s stock.

Fomento Económico Mexicano Stock Up 5.6 %

Shares of Fomento Económico Mexicano stock opened at $89.86 on Friday. The company has a 50-day simple moving average of $86.14 and a two-hundred day simple moving average of $95.98. The stock has a market capitalization of $32.15 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 4.92 and a beta of 0.90. Fomento Económico Mexicano has a 52-week low of $81.07 and a 52-week high of $143.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.32 and a current ratio of 1.62.

Fomento Económico Mexicano Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 17th were paid a $0.9201 dividend. 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 dividend payout ratio (DPR) is 11.79%.

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.