Analysts Set Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Target Price at $135.75

Shares of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) have been given an average rating of “Hold” by the six research firms that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $135.75.

Several research analysts recently weighed in on the stock. HSBC upgraded shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $124.00 to $152.00 in a research report on Friday, February 9th. UBS Group cut shares of Fomento Económico Mexicano from a “buy” rating to a “neutral” rating in a research report on Friday, January 12th. StockNews.com cut shares of Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Finally, Bank of America restated a “neutral” rating on shares of Fomento Económico Mexicano in a research report on Monday, February 26th.

Institutional Trading of Fomento Económico Mexicano

A number of institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC grew its holdings in shares of Fomento Económico Mexicano by 448.6% in the 4th quarter. Headlands Technologies LLC now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 166 shares during the period. Operose Advisors LLC acquired a new position in shares of Fomento Económico Mexicano in the 3rd quarter valued at $29,000. Advisory Services Network LLC grew its holdings in shares of Fomento Económico Mexicano by 44.3% in the 1st quarter. Advisory Services Network LLC now owns 342 shares of the company’s stock valued at $33,000 after buying an additional 105 shares during the period. Mather Group LLC. acquired a new position in shares of Fomento Económico Mexicano in the 1st quarter valued at $34,000. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Fomento Económico Mexicano by 117.0% in the 1st quarter. Brown Brothers Harriman & Co. now owns 421 shares of the company’s stock valued at $35,000 after buying an additional 227 shares during the period.

Fomento Económico Mexicano Stock Performance

NYSE:FMX opened at $119.52 on Friday. Fomento Económico Mexicano has a 1 year low of $91.71 and a 1 year high of $143.43. The firm has a 50 day moving average of $128.51 and a 200-day moving average of $125.05. The company has a current ratio of 1.91, a quick ratio of 1.60 and a debt-to-equity ratio of 0.33.

Fomento Económico Mexicano (NYSE:FMX) last posted its earnings results on Friday, February 23rd. The company reported $1.07 earnings per share (EPS) for the quarter. Fomento Económico Mexicano had a net margin of 8.53% and a return on equity of 9.63%. The company had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $11.21 billion. Equities research analysts expect that Fomento Económico Mexicano will post 5.7 earnings per share for the current fiscal year.

Fomento Económico Mexicano Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, April 29th. Shareholders of record on Wednesday, April 17th will be issued a dividend of $1.115 per share. This represents a yield of 0.87%. The ex-dividend date of this dividend is Tuesday, April 16th. This is a positive change from Fomento Económico Mexicano’s previous annual dividend of $0.74. Fomento Económico Mexicano’s payout ratio is currently 17.39%.

About Fomento Económico Mexicano

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.