Fomento Economico Mexicano SAB (FMX) Given Average Rating of “Hold” by Brokerages

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Fomento Economico Mexicano SAB (NYSE:FMX) has been given an average recommendation of “Hold” by the six analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company.

A number of analysts recently issued reports on FMX shares. ValuEngine upgraded Fomento Economico Mexicano SAB from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. UBS Group upgraded Fomento Economico Mexicano SAB from a “neutral” rating to a “buy” rating in a report on Monday, October 1st. Gabelli reiterated a “buy” rating on shares of Fomento Economico Mexicano SAB in a report on Monday, July 30th. Zacks Investment Research upgraded Fomento Economico Mexicano SAB from a “sell” rating to a “hold” rating in a report on Saturday, July 14th. Finally, JPMorgan Chase & Co. started coverage on Fomento Economico Mexicano SAB in a report on Monday, August 6th. They issued an “overweight” rating for the company.

Shares of NYSE FMX opened at $85.19 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.49 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $32.97 billion, a P/E ratio of 14.13, a PEG ratio of 1.56 and a beta of 0.52. Fomento Economico Mexicano SAB has a 52-week low of $80.86 and a 52-week high of $101.12.

The business also recently announced a special dividend, which will be paid on Friday, November 16th. Shareholders of record on Monday, November 5th will be issued a dividend of $0.7352 per share. The ex-dividend date of this dividend is Friday, November 2nd. This represents a yield of 1.47%. Fomento Economico Mexicano SAB’s dividend payout ratio is currently 23.55%.

A number of institutional investors have recently bought and sold shares of the business. Hartwell J M Limited Partnership lifted its holdings in Fomento Economico Mexicano SAB by 13.9% during the third quarter. Hartwell J M Limited Partnership now owns 5,750 shares of the company’s stock worth $569,000 after buying an additional 700 shares during the period. Conning Inc. lifted its holdings in Fomento Economico Mexicano SAB by 56.0% during the third quarter. Conning Inc. now owns 13,100 shares of the company’s stock worth $1,297,000 after buying an additional 4,700 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in Fomento Economico Mexicano SAB during the third quarter worth $247,000. Barings LLC lifted its holdings in Fomento Economico Mexicano SAB by 6.5% during the third quarter. Barings LLC now owns 113,051 shares of the company’s stock worth $11,189,000 after buying an additional 6,914 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Fomento Economico Mexicano SAB by 213.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 225,306 shares of the company’s stock worth $22,300,000 after buying an additional 153,326 shares during the period. Institutional investors own 19.84% of the company’s stock.

Fomento Economico Mexicano SAB Company Profile

Fomento Económico Mexicano, SAB. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages and a chain of small-format stores. The company produces, markets, distributes, and sells Coca-Cola trademark beverages, including sparkling beverages, such as colas and flavored sparkling beverages; and waters and still beverages comprising juice, coffee, tea, milk, value-added dairy, sports, energy, and plant-based drinks.

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