Fomento Economico Mexicano S.A.B. de C.V. (FMX) – What Are Analysts Saying About This Stock?

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) has been given an average rating of “Hold” by the seven research firms that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $135.67.

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Fomento Economico Mexicano from $117.00 to $126.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. Bank of America upgraded Fomento Economico Mexicano from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $125.00 to $150.00 in a research report on Tuesday, August 4th. Benchmark upgraded Fomento Economico Mexicano to an “overweight” rating in a report on Friday. UBS Group reduced their price target on shares of Fomento Economico Mexicano from $139.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, October 1st. Finally, Weiss Ratings raised shares of Fomento Economico Mexicano from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th.

Insider Transactions at Fomento Economico Mexicano

In other news, Director Michael David Kahn acquired 2,100 shares of the stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of $118.13 per share, for a total transaction of $248,073.00. Following the purchase, the director directly owned 2,100 shares of the company’s stock, valued at approximately $248,073. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.68% of the company’s stock.

Institutional Trading of Fomento Economico Mexicano

Several hedge funds and other institutional investors have recently modified their holdings of FMX. HB Wealth Management LLC increased its position in Fomento Economico Mexicano by 5.8% during the first quarter. HB Wealth Management LLC now owns 2,491 shares of the company’s stock worth $277,000 after acquiring an additional 136 shares during the period. Matthews International Capital Management LLC increased its holdings in Fomento Economico Mexicano by 0.6% in the 1st quarter. Matthews International Capital Management LLC now owns 31,465 shares of the company’s stock valued at $3,495,000 after buying an additional 174 shares during the period. GAMMA Investing LLC increased its holdings in Fomento Economico Mexicano by 79.2% in the 3rd quarter. GAMMA Investing LLC now owns 396 shares of the company’s stock valued at $47,000 after buying an additional 175 shares during the period. Groupama Asset Managment lifted its holdings in shares of Fomento Economico Mexicano by 4.1% during the 1st quarter. Groupama Asset Managment now owns 4,614 shares of the company’s stock worth $512,000 after acquiring an additional 181 shares during the period. Finally, NewEdge Wealth LLC boosted its position in shares of Fomento Economico Mexicano by 2.9% during the 1st quarter. NewEdge Wealth LLC now owns 6,894 shares of the company’s stock worth $766,000 after acquiring an additional 196 shares in the last quarter. Institutional investors own 61.00% of the company’s stock.

Fomento Economico Mexicano Stock Performance

FMX opened at $120.92 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The stock’s 50 day simple moving average is $119.43 and its 200-day simple moving average is $121.46. Fomento Economico Mexicano has a 1 year low of $90.87 and a 1 year high of $141.47. The stock has a market cap of $41.78 billion, a PE ratio of 24.18, a P/E/G ratio of 0.64 and a beta of 0.41.

Fomento Economico Mexicano (NYSE:FMX) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.93 EPS for the quarter. Fomento Economico Mexicano had a return on equity of 7.24% and a net margin of 3.60%. The business had revenue of $13.20 billion for the quarter. Sell-side analysts forecast that Fomento Economico Mexicano will post 6.35 EPS for the current year.

Fomento Economico Mexicano Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Wednesday, October 14th will be paid a dividend of $1.7804 per share. The ex-dividend date is Wednesday, October 14th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 5.9%. This is a negative change from Fomento Economico Mexicano’s previous quarterly dividend of $1.8270. Fomento Economico Mexicano’s dividend payout ratio (DPR) is currently 47.60%.

Fomento Economico Mexicano Company Profile

Fomento Económico Mexicano, SAB. de C.V. (FEMSA) is a Mexico-based multinational company with operations in beverage production, retail, and logistics. Through Coca-Cola FEMSA, it produces, distributes, and markets Coca-Cola products and other beverages under a portfolio that includes soft drinks, bottled water, juices, and related products.

Coca-Cola FEMSA serves customers across several Latin American markets, including Mexico, Brazil, Colombia, Guatemala, Costa Rica, Panama, Nicaragua, Argentina, and Venezuela.