<div id="readability-page-1"><p><span>Fomento Economico Mexicano (NYSE:FMX - Get Free Report)</span> had its target price raised by stock analysts at JPMorgan Chase &amp; Co.  from $98.00 to $117.00 in a research report issued on Monday,Benzinga reports. The firm presently has a &#34;neutral&#34; rating on the stock. JPMorgan Chase &amp; Co.'s price target indicates a potential upside of 0.50% from the stock's current price.</p><ul><li>Coca-Cola EuroPacific Partners is a tasty play on Coke</li></ul><p>FMX has been the topic of several other research reports. Barclays increased their price target on shares of Fomento Economico Mexicano from $116.00 to $118.00 and gave the stock an &#34;equal weight&#34; rating in a report on Tuesday, March 3rd. Weiss Ratings  reiterated a &#34;hold (c-)&#34; rating on shares of Fomento Economico Mexicano in a report on Thursday, January 22nd. The Goldman Sachs Group increased their price target on shares of Fomento Economico Mexicano from $113.00 to $128.00 and gave the stock a &#34;buy&#34; rating in a report on Wednesday, February 11th. Finally, UBS Group increased their price target on shares of Fomento Economico Mexicano from $109.00 to $122.00 and gave the stock a &#34;buy&#34; rating in a report on Friday, March 20th. Three equities research analysts have rated the stock with a Buy rating and five have issued  a Hold rating to the stock. Based on data from MarketBeat.com, the company  has a consensus rating of &#34;Hold&#34; and an average price target of $113.17.</p><p><b>View Our Latest Stock Report on Fomento Economico Mexicano</b></p><h2>Fomento Economico Mexicano Stock Down 1.1%</h2><p>Shares of FMX traded down $1.30 during mid-day trading on Monday, hitting $116.42. 153,743 shares of the company traded hands, compared to its average volume of 413,624. Fomento Economico Mexicano has a 1-year low of $83.08 and a 1-year high of $119.21. The company has a quick ratio of 1.02, a current ratio of 1.35 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $40.23 billion, a PE ratio of 40.93, a price-to-earnings-growth ratio of 0.86 and a beta of 0.40. The business has a 50 day moving average of $111.35 and a 200 day moving average of $103.54. </p><p>Fomento Economico Mexicano (NYSE:FMX - Get Free Report) last issued its quarterly earnings results on Saturday, February 14th. The company reported $1.36 earnings per share for the quarter. Fomento Economico Mexicano had a net margin of 2.29% and a return on equity of 6.11%. The company had revenue of $12.21 billion for the quarter.  Equities research analysts anticipate that  Fomento Economico Mexicano will post 5.32 EPS for the current year. </p><h2>Insiders Place Their Bets</h2><p>In other Fomento Economico Mexicano news, Director Garza Alfonso Garza sold 52,316 shares of the firm's stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $11.07, for a total value of $579,138.12. Following the transaction, the director owned 1,233,080 shares in the company, valued at approximately $13,650,195.60. This trade represents a 4.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 261,575 shares of company stock valued at $2,795,188. Company insiders own  5.68% of the company's stock. </p><h2>Institutional Inflows and Outflows</h2><p>Several institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of  Fomento Economico Mexicano by 7.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,330 shares of the company's stock worth $134,000 after acquiring an additional 96 shares during the period.  UMB Bank n.a. raised its holdings in shares of  Fomento Economico Mexicano by 15.1% during the 4th quarter. UMB Bank n.a. now owns 733 shares of the company's stock worth $74,000 after acquiring an additional 96 shares during the period.  Tower Research Capital LLC TRC raised its holdings in shares of  Fomento Economico Mexicano by 42.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 439 shares of the company's stock worth $45,000 after acquiring an additional 131 shares during the period.  Arax Advisory Partners raised its holdings in shares of  Fomento Economico Mexicano by 20.1% during the 4th quarter. Arax Advisory Partners now owns 812 shares of the company's stock worth $82,000 after acquiring an additional 136 shares during the period.  Finally, Signaturefd LLC raised its holdings in shares of  Fomento Economico Mexicano by 5.1% during the 4th quarter. Signaturefd LLC now owns 2,986 shares of the company's stock worth $302,000 after acquiring an additional 144 shares during the period. Hedge funds and other institutional investors own  61.00% of the company's stock. </p><h2>About Fomento Economico Mexicano</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>Read More</h2><ul><li>Five stocks we like better than Fomento Economico Mexicano</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUZNWA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUZNWA"/></p><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>JPMorgan Chase & Co. has raised its price target for Fomento Economico Mexicano (NYSE:FMX) from $98.00 to $117.00, maintaining a "neutral" rating. This indicates a potential upside of 0.50% from the current stock price. Other analysts have also adjusted their targets, with Barclays setting it at $118.00 and Goldman Sachs at $128.00. FMX shares recently traded down 1.1% to $116.42. The company has a market cap of $40.23 billion and reported $1.36 EPS in its last quarterly results.</p>

Market Beat

Fomento Economico Mexicano SAB de CV

First Trust NASDAQ Food & Beverage

Invesco Food & Beverage ETF

JPMorgan Chase

Coca-Cola Europacific Partners

Barclays

Goldman Sachs

UBS Group AG

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JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

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Fomento Economico Mexicano (NYSE:FMX) Price Target Raised to $117.00 at JPMorgan Chase & Co.