Fomento Económico Mexicano (NYSE:FMX) Sets New 52-Week Low at $98.67

Fomento Económico Mexicano, S.A.B.

de C.V. ( NYSE:FMX – Get Free Report ) shares hit a new 52-week low during trading on Friday .



The company traded as low as $98.67 and last traded at $99.39, with a volume of 534356 shares traded.

The stock had previously closed at $100.92. Analyst Ratings Changes Several equities research analysts have weighed in on FMX shares.

JPMorgan Chase & Co. lowered Fomento Económico Mexicano from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $104.00 to $109.

00 in a research report on Monday, September 23rd. StockNews.com cut shares of Fomento Económico Mexicano from a “buy” rating to a “hold” rating in a report on Monday, September 23rd.

Finally, Barclays reduced their target price on shares of Fomento Económico Mexicano from $160.00 to $145.00 and set an “overweight” rating for the company in a research note on Monday, July 15th.

Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $133.

40. View Our Latest Research Report on FMX Fomento Económico Mexicano Trading Down 1.5 % Fomento Económico Mexicano ( NYSE:FMX – Get Free Report ) last released its earnings results on Wednesday, July 24th.

The company reported $1.87 EPS for the quarter. The firm had revenue of $11.

54 billion for the quarter. Fomento Económico Mexicano had a net margin of 3.75% and a return on equity of 8.

65%. Analysts expect that Fomento Económico Mexicano, S.A.

B. de C.V.

will post 5.39 EPS for the current year. Fomento Económico Mexicano Increases Dividend The company also recently announced a semi-annual dividend, which was paid on Monday, July 29th.

Shareholders of record on Wednesday, July 17th were given a $1.0206 dividend. This represents a yield of 1.

5%. This is an increase from Fomento Económico Mexicano’s previous semi-annual dividend of $0.74.

The ex-dividend date was Wednesday, July 17th. Fomento Económico Mexicano’s dividend payout ratio is 14.36%.

Hedge Funds Weigh In On Fomento Económico Mexicano A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hawk Ridge Capital Management LP bought a new position in Fomento Económico Mexicano during the fourth quarter valued at about $79,852,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Fomento Económico Mexicano by 740.

2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 472,200 shares of the company’s stock valued at $50,832,000 after purchasing an additional 416,000 shares in the last quarter. Baillie Gifford & Co.

grew its stake in shares of Fomento Económico Mexicano by 9.0% in the 1st quarter. Baillie Gifford & Co.

now owns 4,183,454 shares of the company’s stock worth $544,979,000 after purchasing an additional 344,815 shares during the last quarter. Vontobel Asset Management Inc. raised its holdings in shares of Fomento Económico Mexicano by 1,253.

3% in the 4th quarter. Vontobel Asset Management Inc. now owns 362,616 shares of the company’s stock worth $45,839,000 after purchasing an additional 335,822 shares in the last quarter.

Finally, Sustainable Growth Advisers LP raised its holdings in shares of Fomento Económico Mexicano by 122.8% in the 1st quarter. Sustainable Growth Advisers LP now owns 435,906 shares of the company’s stock worth $56,785,000 after purchasing an additional 240,256 shares in the last quarter.

Fomento Económico Mexicano Company Profile ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Fomento Económico Mexicano Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fomento Económico Mexicano and related companies with MarketBeat.

com's FREE daily email newsletter ..