Fomento Económico Mexicano, S.A.B. de C.V. (FMX) To Go Ex-Dividend on October 16th

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) declared an annual dividend on Wednesday, October 2nd, Zacks reports. Investors of record on Wednesday, October 16th will be given a dividend of 0.864 per share on Monday, October 28th. This represents a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, October 16th.

Fomento Económico Mexicano has raised its dividend payment by an average of 12.8% per year over the last three years. Fomento Económico Mexicano has a dividend payout ratio of 17.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Fomento Económico Mexicano to earn $5.62 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 17.1%.

Fomento Económico Mexicano Trading Up 0.2 %

Fomento Económico Mexicano stock opened at $98.58 on Monday. Fomento Económico Mexicano has a 52 week low of $97.58 and a 52 week high of $143.43. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 1.72. The firm has a market capitalization of $35.27 billion, a PE ratio of 26.72, a PEG ratio of 5.60 and a beta of 0.94. The business’s 50-day simple moving average is $103.92 and its 200-day simple moving average is $111.62.

Fomento Económico Mexicano (NYSE:FMX) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $1.87 EPS for the quarter. The company had revenue of $11.54 billion during the quarter. Fomento Económico Mexicano had a return on equity of 8.65% and a net margin of 3.75%. Equities research analysts forecast that Fomento Económico Mexicano will post 5.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Barclays dropped their price objective on shares of Fomento Económico Mexicano from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Monday, July 15th. StockNews.com upgraded shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lowered Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $104.00 to $109.00 in a research note on Monday, September 23rd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $133.40.

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.