Fomento Económico Mexicano (NYSE:FMX – Free Report) had its target price reduced by Barclays from $160.00 to $145.00 in a report released on Monday morning, Benzinga reports. They currently have an overweight rating on the stock.
Fomento Económico Mexicano Price Performance
Shares of FMX stock opened at $117.58 on Monday. The stock’s fifty day moving average is $112.82 and its 200-day moving average is $122.65. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.63 and a current ratio of 1.95. Fomento Económico Mexicano has a 52 week low of $99.24 and a 52 week high of $143.43. The stock has a market capitalization of $42.07 billion, a PE ratio of 31.86, a PEG ratio of 4.33 and a beta of 0.94.
Fomento Económico Mexicano (NYSE:FMX – Get Free Report) last issued its quarterly earnings data on Friday, April 26th. The company reported $0.47 EPS for the quarter. The firm had revenue of $10.76 billion for the quarter. Fomento Económico Mexicano had a net margin of 2.91% and a return on equity of 8.20%. Equities research analysts expect that Fomento Económico Mexicano will post 5.33 EPS for the current fiscal year.
Fomento Económico Mexicano Increases Dividend
Hedge Funds Weigh In On Fomento Económico Mexicano
Several large investors have recently made changes to their positions in FMX. Baillie Gifford & Co. boosted its stake in shares of Fomento Económico Mexicano by 53.8% in the 4th quarter. Baillie Gifford & Co. now owns 3,838,639 shares of the company’s stock valued at $500,367,000 after purchasing an additional 1,343,165 shares during the last quarter. Hawk Ridge Capital Management LP bought a new position in Fomento Económico Mexicano in the fourth quarter valued at approximately $79,852,000. Vontobel Asset Management Inc. boosted its stake in Fomento Económico Mexicano by 1,253.3% in the fourth quarter. Vontobel Asset Management Inc. now owns 362,616 shares of the company’s stock valued at $45,839,000 after acquiring an additional 335,822 shares during the last quarter. Sustainable Growth Advisers LP grew its holdings in Fomento Económico Mexicano by 122.8% during the 1st quarter. Sustainable Growth Advisers LP now owns 435,906 shares of the company’s stock worth $56,785,000 after acquiring an additional 240,256 shares during the period. Finally, Zimmer Partners LP raised its position in shares of Fomento Económico Mexicano by 377.8% during the 1st quarter. Zimmer Partners LP now owns 215,000 shares of the company’s stock valued at $28,008,000 after acquiring an additional 170,000 shares during the last quarter.
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.
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