Fomento Economico Mexicano S.A.B. de C.V. (FMX) To Go Ex-Dividend on January 16th

Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) declared a quarterly dividend on Tuesday, January 6th. Stockholders of record on Friday, January 16th will be given a dividend of 2.0531 per share on Monday, January 26th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Friday, January 16th. This is a 2.7% increase from Fomento Economico Mexicano’s previous quarterly dividend of $2.00.

Fomento Economico Mexicano has raised its dividend by an average of 0.1%annually over the last three years. Fomento Economico Mexicano has a payout ratio of 42.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Fomento Economico Mexicano to earn $5.32 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 42.1%.

Fomento Economico Mexicano Trading Up 1.0%

NYSE:FMX opened at $103.16 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.90 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $36.56 billion, a PE ratio of 41.60, a price-to-earnings-growth ratio of 3.98 and a beta of 0.46. The firm’s 50 day moving average is $99.18 and its 200 day moving average is $95.57. Fomento Economico Mexicano has a 12 month low of $81.93 and a 12 month high of $108.74.

Fomento Economico Mexicano (NYSE:FMX) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.18). Fomento Economico Mexicano had a net margin of 2.09% and a return on equity of 5.01%. The firm had revenue of $11.72 billion for the quarter, compared to the consensus estimate of $215.60 billion. Sell-side analysts expect that Fomento Economico Mexicano will post 5.32 earnings per share for the current year.

Hedge Funds Weigh In On Fomento Economico Mexicano

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FMX. Northwestern Mutual Wealth Management Co. increased its stake in Fomento Economico Mexicano by 2,006.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 337 shares of the company’s stock worth $35,000 after acquiring an additional 321 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Fomento Economico Mexicano by 41.4% during the second quarter. Farther Finance Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after purchasing an additional 108 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of Fomento Economico Mexicano in the second quarter worth approximately $40,000. Tower Research Capital LLC TRC raised its stake in Fomento Economico Mexicano by 42.5% in the second quarter. Tower Research Capital LLC TRC now owns 439 shares of the company’s stock valued at $45,000 after purchasing an additional 131 shares in the last quarter. Finally, Mather Group LLC. bought a new stake in Fomento Economico Mexicano during the third quarter valued at approximately $54,000. 61.00% of the stock is currently owned by hedge funds and other institutional investors.

About Fomento Economico Mexicano

Fomento Económico Mexicano, SAB. de C.V. (FEMSA) is a Mexican multinational company active primarily in the retail and beverage sectors. Headquartered in Monterrey, Mexico, FEMSA’s operations span convenience store retailing, beverage bottling and distribution, and related logistics and consumer services. The company’s business model combines high-frequency retail outlets with large-scale beverage production and a regional supply chain network.

FEMSA Comercio, the company’s retail arm, operates a large chain of convenience stores under the OXXO brand and has expanded its retail footprint with complementary formats and services.