<div id="readability-page-1"><p>Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Saturday . The stock traded as high as $110.61 and last traded at $110.54, with a volume of 611023 shares changing hands. The stock had previously closed at $107.32.</p><h2>Analysts Set New Price Targets</h2><ul><li>Coca-Cola EuroPacific Partners is a tasty play on Coke</li></ul><p>Several analysts have recently commented on the stock. JPMorgan Chase &amp; Co. boosted their price objective on Fomento Economico Mexicano from $96.00 to $102.00 and gave the company a &#34;neutral&#34; rating in a report on Monday, October 20th. Weiss Ratings  reiterated a &#34;hold (c-)&#34; rating on shares of Fomento Economico Mexicano in a report on Thursday, January 22nd. Zacks Research upgraded shares of Fomento Economico Mexicano from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a report on Tuesday, October 28th. Finally, Barclays dropped their price objective on Fomento Economico Mexicano from $107.00 to $105.00 and set an &#34;equal weight&#34; rating for the company in a research note on Monday, November 3rd. Three analysts have rated the stock with a Buy rating and five have issued  a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of &#34;Hold&#34; and a consensus price target of $102.40.</p><p><b>Get Our Latest Stock Report on FMX</b></p><h2>Fomento Economico Mexicano Stock Performance</h2><p>The company has a market capitalization of $39.55 billion, a PE ratio of 44.57, a price-to-earnings-growth ratio of 4.10 and a beta of 0.44. The stock's fifty day simple moving average is $103.17 and its 200-day simple moving average is $96.10. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.90 and a current ratio of 1.10. </p><h2>Fomento Economico Mexicano Increases Dividend</h2><p>The company also recently announced a quarterly dividend, which was paid on Monday, January 26th. Stockholders of record on Friday, January 16th were given a $2.0531 dividend. This represents a $8.21 annualized dividend and a dividend yield of 7.4%. The ex-dividend date was Friday, January 16th. This is a positive change from Fomento Economico Mexicano's previous quarterly dividend of $2.00. Fomento Economico Mexicano's payout ratio is 91.53%. </p><h2>Hedge Funds Weigh In On Fomento Economico Mexicano</h2><p>Several hedge funds have recently modified their holdings of FMX. AQR Capital Management LLC boosted its stake in shares of  Fomento Economico Mexicano by 19.0% during the 1st quarter. AQR Capital Management LLC now owns 6,072 shares of the company's stock valued at $593,000 after buying an additional 969 shares during the period.  Wealth Enhancement Advisory Services LLC acquired a new position in  Fomento Economico Mexicano during the 2nd quarter worth $263,000.  DAVENPORT &amp; Co LLC boosted its stake in  Fomento Economico Mexicano by 6.6% during the 2nd quarter. DAVENPORT &amp; Co LLC now owns 23,204 shares of the company's stock valued at $2,390,000 after purchasing an additional 1,431 shares during the period.  Prime Capital Investment Advisors LLC boosted its position in shares of  Fomento Economico Mexicano by 84.9% in the second quarter. Prime Capital Investment Advisors LLC now owns 6,665 shares of the company's stock valued at $686,000 after acquiring an additional 3,060 shares during the period.  Finally, Vontobel Holding Ltd. bought a new stake in shares of  Fomento Economico Mexicano in the second quarter valued at about $5,118,000. 61.00% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Fomento Economico Mexicano Company Profile</h2> (Get Free Report)<p>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.  </p><p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Fomento Economico Mexicano</li><li>NEW LAW: Congress Approves Setup For Digital Dollar?</li><li>The day the gold market broke</li><li>Your Bank Account Is No Longer Safe</li><li>What a Former CIA Agent Knows About the Coming Collapse</li><li>He just nailed another gold prediction …</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Fomento Economico Mexicano Right Now?</h2><p>Before you consider Fomento Economico Mexicano, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fomento Economico Mexicano wasn't on the list.</p><p>While Fomento Economico Mexicano currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Fomento Economico Mexicano (NYSE:FMX) reached a new 52-week high of $110.61, closing at $110.54 with a trading volume of 611,023 shares. Analysts have set new price targets, with JPMorgan raising its target to $102.00 and Zacks upgrading its rating to 'hold'. The company announced a quarterly dividend of $2.0531, yielding 7.4%. Institutional investors hold 61% of the stock. FEMSA operates in retail and beverage sectors, primarily through its OXXO convenience stores.</p>

Fomento Economico Mexicano (NYSE:FMX) Hits New 1-Year High - What's Next?