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

Shares of Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $142.17.

A number of analysts have recently weighed in on FMX shares. Zacks Research lowered Fomento Economico Mexicano from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $150.00 price target on Fomento Economico Mexicano in a report on Tuesday, August 4th. Weiss Ratings upgraded shares of Fomento Economico Mexicano from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Bank of America raised shares of Fomento Economico Mexicano from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $125.00 to $150.00 in a report on Tuesday, August 4th. Finally, Benchmark upgraded shares of Fomento Economico Mexicano to an “overweight” rating in a research report on Friday, October 16th.

Fomento Economico Mexicano Stock Up 1.0%

NYSE FMX opened at $131.10 on Tuesday. The firm has a market cap of $45.30 billion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 0.70 and a beta of 0.44. Fomento Economico Mexicano has a one year low of $92.55 and a one year high of $141.47. The stock’s 50 day simple moving average is $122.07 and its 200 day simple moving average is $119.08. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.15 and a quick ratio of 0.87.

Fomento Economico Mexicano (NYSE:FMX) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.06. The firm had revenue of $13.03 billion during the quarter, compared to the consensus estimate of $12.84 billion. Fomento Economico Mexicano had a return on equity of 7.71% and a net margin of 3.98%. As a group, sell-side analysts forecast that Fomento Economico Mexicano will post 6.32 earnings per share for the current fiscal year.

Fomento Economico Mexicano Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Wednesday, October 14th were given a dividend of $1.7804 per share. The ex-dividend date was Wednesday, October 14th. This is a negative change from Fomento Economico Mexicano’s previous quarterly dividend of $1.8270. This represents a $7.12 dividend on an annualized basis and a dividend yield of 5.4%. Fomento Economico Mexicano’s dividend payout ratio (DPR) is currently 40.38%.

Institutional Trading of Fomento Economico Mexicano

Several hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new position in Fomento Economico Mexicano in the 1st quarter worth approximately $28,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of Fomento Economico Mexicano during the second quarter valued at $33,000. GAMMA Investing LLC lifted its stake in shares of Fomento Economico Mexicano by 79.2% during the third quarter. GAMMA Investing LLC now owns 396 shares of the company’s stock valued at $47,000 after acquiring an additional 175 shares during the period. Bessemer Group Inc. boosted its holdings in Fomento Economico Mexicano by 41.5% in the third quarter. Bessemer Group Inc. now owns 447 shares of the company’s stock valued at $53,000 after acquiring an additional 131 shares during the last quarter. Finally, Trust Co. of Vermont bought a new position in Fomento Economico Mexicano in the second quarter valued at about $102,000. 61.00% of the stock is owned by institutional investors.

Fomento Economico Mexicano Company Profile

Fomento Económico Mexicano, SAB. de C.V. (FEMSA) is a Mexican company with businesses in beverage production and retail. Its Coca-Cola FEMSA subsidiary produces, markets and distributes Coca-Cola products under franchise agreements, serving customers in Mexico and other Latin American markets.

FEMSA also operates OXXO convenience stores and other retail businesses across Latin America. Its activities include pharmacy and fuel retailing, as well as digital and financial services through platforms such as Spin by OXXO.

The company traces its origins to 1890, when Cervecería Cuauhtémoc was founded in Monterrey, Mexico.