Fomento Económico Mexicano (NYSE:FMX) Lowered to Equal Weight Rating by Barclays

Barclays cut shares of Fomento Económico Mexicano (NYSE:FMX) from an overweight rating to an equal weight rating in a research report sent to investors on Tuesday, MarketBeat.com reports.

FMX has been the topic of several other reports. StockNews.com upgraded shares of Fomento Económico Mexicano from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded shares of Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $104.00 to $109.00 in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Fomento Económico Mexicano currently has an average rating of “Hold” and an average price target of $126.33.

Fomento Económico Mexicano Price Performance

Shares of FMX stock opened at $85.07 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.62 and a quick ratio of 1.32. The firm’s 50-day moving average is $87.03 and its two-hundred day moving average is $98.31. Fomento Económico Mexicano has a 12 month low of $81.07 and a 12 month high of $143.43. The company has a market capitalization of $30.44 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 4.76 and a beta of 0.90.

Fomento Económico Mexicano Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 17th were paid a dividend of $0.9201 per share. The ex-dividend date of this dividend was Friday, January 17th. This is a boost from Fomento Económico Mexicano’s previous dividend of $0.74. Fomento Económico Mexicano’s dividend payout ratio is currently 12.05%.

Institutional Trading of Fomento Económico Mexicano

Large investors have recently bought and sold shares of the business. Brooklyn Investment Group boosted its stake in Fomento Económico Mexicano by 82.8% during the 4th quarter. Brooklyn Investment Group now owns 340 shares of the company’s stock worth $29,000 after purchasing an additional 154 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Fomento Económico Mexicano in the 4th quarter worth $51,000. Banque Cantonale Vaudoise acquired a new stake in shares of Fomento Económico Mexicano in the 3rd quarter worth $55,000. Rosenberg Matthew Hamilton lifted its stake in shares of Fomento Económico Mexicano by 30.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 758 shares of the company’s stock worth $65,000 after acquiring an additional 176 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of Fomento Económico Mexicano by 29.7% in the 4th quarter. UMB Bank n.a. now owns 887 shares of the company’s stock worth $76,000 after acquiring an additional 203 shares during the period. Institutional investors and hedge funds own 61.00% of the company’s stock.

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.