Should I buy or sell Fomento Económico Mexicano stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fomento Económico Mexicano in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" FMX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FMX, but not buy additional shares or sell existing shares. View FMX analyst ratings or view top-rated stocks .

What is Fomento Económico Mexicano's stock price target for 2024?

6 brokers have issued 12-month target prices for Fomento Económico Mexicano's stock. Their FMX share price targets range from $127.00 to $152.00. On average, they expect the company's share price to reach $135.75 in the next year. This suggests a possible upside of 10.4% from the stock's current price. View analysts price targets for FMX or view top-rated stocks among Wall Street analysts .

How have FMX shares performed in 2024?

Fomento Económico Mexicano's stock was trading at $130.35 at the start of the year. Since then, FMX shares have decreased by 5.7% and is now trading at $122.96. View the best growth stocks for 2024 here .

Are investors shorting Fomento Económico Mexicano?

Fomento Económico Mexicano saw a increase in short interest in March. As of March 31st, there was short interest totaling 1,560,000 shares, an increase of 44.4% from the March 15th total of 1,080,000 shares. Based on an average trading volume of 670,800 shares, the short-interest ratio is currently 2.3 days. Currently, 0.7% of the company's shares are sold short. View Fomento Económico Mexicano's Short Interest .

When is Fomento Económico Mexicano's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024. View our FMX earnings forecast .

How were Fomento Económico Mexicano's earnings last quarter?

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) posted its quarterly earnings data on Friday, February, 23rd. The company reported $1.07 EPS for the quarter. The business had revenue of $11.23 billion for the quarter, compared to analysts' expectations of $11.21 billion. Fomento Económico Mexicano had a net margin of 8.53% and a trailing twelve-month return on equity of 9.63%.

How often does Fomento Económico Mexicano pay dividends? What is the dividend yield for Fomento Económico Mexicano?

Fomento Económico Mexicano announced an annual dividend on Tuesday, April 9th. Stockholders of record on Wednesday, April 17th will be given a dividend of $1.115 per share on Monday, April 29th. This represents a dividend yield of 0.87%. The ex-dividend date is Tuesday, April 16th. This is a boost from the stock's previous annual dividend of $0.74. Read our dividend analysis for FMX .

Is Fomento Económico Mexicano a good dividend stock?

Fomento Económico Mexicano (NYSE:FMX) pays an annual dividend of $1.85 per share and currently has a dividend yield of 1.49%. The dividend payout ratio is 17.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FMX will have a dividend payout ratio of 30.13% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for FMX .

What ETFs hold Fomento Económico Mexicano's stock?

ETFs with the largest weight of Fomento Económico Mexicano (NYSE:FMX) stock in their portfolio include AdvisorShares Dorsey Wright ADR ETF (AADR) , Amplify International Enhanced Dividend Income ETF (IDVO) , Pacer Emerging Markets Cash Cows 100 ETF (ECOW) , Distillate International Fundamental Stability & Value ETF (DSTX) and Global X Emerging Markets Great Consumer ETF (EMC) . Hartford Multifactor Emerging Markets ETF (ROAM) .

What is José A. Fernández Carbajal's approval rating as Fomento Económico Mexicano's CEO?

49 employees have rated Fomento Económico Mexicano Chief Executive Officer José A. Fernández Carbajal on Glassdoor.com . José A. Fernández Carbajal has an approval rating of 93% among the company's employees. This puts José A. Fernández Carbajal in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Fomento Económico Mexicano own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Fomento Económico Mexicano investors own include PayPal (PYPL) , SEA (SE) , Verizon Communications (VZ) , Alibaba Group (BABA) , Pfizer (PFE) , Invesco QQQ (QQQ) , Mastercard (MA) , Netflix (NFLX) , Tesla (TSLA) and Broadcom (AVGO) .

Who are Fomento Económico Mexicano's major shareholders?

Fomento Económico Mexicano's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Perpetual Ltd (0.00%), Sarasin & Partners LLP (0.00%), Confluence Investment Management LLC (0.00%), Park Avenue Securities LLC (0.00%), Ballentine Partners LLC (0.00%) and Riverview Trust Co (0.00%).

How do I buy shares of Fomento Económico Mexicano?

Shares of FMX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:FMX

Fomento Económico Mexicano (FMX) Stock Price, News & Analysis

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Free FMX Stock Alerts

$122.96

-1.28 (-1.03%)

(As of 04/15/2024 ET)

Compare

Today's Range: $122.78
▼
$124.80
50-Day Range: $118.40
▼
$142.19
52-Week Range: $91.71
▼
$143.43

Volume: 447,297 shs
Average Volume: 653,972 shs
Market Capitalization: N/A

P/E Ratio: 11.56
Dividend Yield: 1.50%
Price Target: $135.75

Get Fomento Económico Mexicano alerts:

Fomento Económico Mexicano MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 10.4% Upside
$135.75 Price Target
Short Interest: Healthy
0.73% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.71
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 7.72%
From $5.70 to $6.14 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.95 out of 5 stars

2.2

Analyst's Opinion

Consensus Rating
Fomento Económico Mexicano has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Fomento Económico Mexicano has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.73% of the float of Fomento Económico Mexicano has been sold short.
Short Interest Ratio / Days to Cover
Fomento Económico Mexicano has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Fomento Económico Mexicano has recently increased by 44.44%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Fomento Económico Mexicano pays a meaningful dividend of 1.49%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Fomento Económico Mexicano does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Fomento Económico Mexicano is 17.39%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Fomento Económico Mexicano will have a dividend payout ratio of 30.13% next year. This indicates that Fomento Económico Mexicano will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FMX.

2.6

News and Social Media Coverage

News Sentiment
Fomento Económico Mexicano has a news sentiment score of 0.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Fomento Económico Mexicano this week, compared to 2 articles on an average week.
Search Interest
Only 3 people have searched for FMX on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Fomento Económico Mexicano to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Fomento Económico Mexicano insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.68% of the stock of Fomento Económico Mexicano is held by insiders.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Fomento Económico Mexicano are expected to grow by 7.72% in the coming year, from $5.70 to $6.14 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Fomento Económico Mexicano is 11.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.47.
Price to Earnings Ratio vs. Sector
The P/E ratio of Fomento Económico Mexicano is 11.56, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 20.18.
Price to Earnings Growth Ratio
Fomento Económico Mexicano has a PEG Ratio of 0.95. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
Fomento Económico Mexicano has a P/B Ratio of 2.54. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Fomento Económico Mexicano Stock (NYSE:FMX)

Fomento Económico Mexicano, S.A.B. 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. It also operates small-box retail chain stores in Mexico, Colombia, Peru, Chile, and Brazil under the OXXO name; retail service stations for fuels, motor oils, lubricants, and car care products under the OXXO GAS name in Mexico; and drugstores in Chile, Colombia, Ecuador, and Mexico under the Cruz Verde, Fybeca, SanaSana, YZA, La Moderna, and Farmacon names. In addition, the company is involved in the production and distribution of collers, commercial refrigeration equipment, plastic boxes, food processing, and preservation and weighing equipment; and provision of logistic transportation, distribution and maintenance, point-of-sale refrigeration, and plastics solutions, as well as distribution platform for cleaning products and consumables. Further, it operates small-box retail and food convenience chain stores in Switzerland, Germany, Austria, Luxembourg, and the Netherlands under the k kiosk, Brezelkönig, BackWerk, Ditsch, Press & Books, avec, Caffè Spettacolo, and ok.) names, as well as pretzels under the Ditsch name. The company was founded in 1890 and is based in Monterrey, Mexico.

FMX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

FMX Stock News Headlines

April 15, 2024 | globenewswire.com

FEMSA Schedules Conference Call to Discuss First Quarter Financial Results

April 15, 2024 | msn.com

Fomento Economico Mexicano goes ex dividend tomorrow

April 16, 2024 | Paradigm Press (Ad)

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April 14, 2024 | americanbankingnews.com

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Given Average Rating of "Hold" by Analysts

March 25, 2024 | finance.yahoo.com

FEMSA Shareholders’ Meeting Resolutions

March 25, 2024 | globenewswire.com

FEMSA Shareholders' Meeting Resolutions

March 20, 2024 | money.usnews.com

Fomento Economico Mexicano S.A.B. de C.V. - ADR

March 16, 2024 | msn.com

FEMSA y OXXO firman convenio con el INE para impulsar elecciones 2024

April 16, 2024 | Paradigm Press (Ad)

Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS

March 15, 2024 | msn.com

¡ANUNCIO! Femsa recompra acciones por 400 mdd; valores despegan: ¿qué hacemos?

March 15, 2024 | finanznachrichten.de

Fomento Economico Mexicano: FEMSA Announces Accelerated Share Repurchase Agreement

March 15, 2024 | globenewswire.com

FEMSA Announces Accelerated Share Repurchase Agreement

March 12, 2024 | thestreet.com

Political Risk Insurance Becomes All the Rage in Emerging Markets

February 25, 2024 | ca.finance.yahoo.com

Fomento Económico Mexicano, S.A.B. de C.V. (FMX)

February 24, 2024 | msn.com

Fuerte desplome de FEMSA: ¿Oxxo y Coca-Cola insuficientes ante caída de ganancias?

February 23, 2024 | finance.yahoo.com

Are Consumer Staples Stocks Lagging Fomento Economico Mexicano (FMX) This Year?

February 23, 2024 | finanznachrichten.de

Fomento Economico Mexicano: FEMSA Announces Fourth Quarter and Full Year 2023 Results

February 23, 2024 | globenewswire.com

FEMSA Forward - Focused Leadership in Retail, Beverages & Digital

February 23, 2024 | globenewswire.com

FEMSA Announces Fourth Quarter and Full Year 2023 Results

February 19, 2024 | finance.yahoo.com

Here's How FEMSA (FMX) is Placed Just Ahead of Q4 Earnings

February 18, 2024 | ca.finance.yahoo.com

PNC Feb 2024 170.000 call

February 18, 2024 | seekingalpha.com

The Broyhill Q4 2023 Letter

February 17, 2024 | finance.yahoo.com

Broyhill Asset Management Exited Fomento Economico Mexicano (FMX) at the End of Q4

February 17, 2024 | finance.yahoo.com

FMX Mar 2024 160.000 call

February 16, 2024 | finance.yahoo.com

SHOP Feb 2024 100.000 call

February 16, 2024 | markets.businessinsider.com

Analysts Are Bullish on These Utilities Stocks: Southern Co (SO), Fomento Economico Mexicano (FMX)

February 16, 2024 | markets.businessinsider.com

Analysts Offer Insights on Utilities Companies: Fomento Economico Mexicano (FMX) and Consolidated Edison (ED)

See More Headlines

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Company Calendar

Last Earnings: 2/23/2024
Today: 4/15/2024
Ex-Dividend for 4/29 Dividend: 4/16/2024
Next Earnings (Estimated): 4/26/2024
Dividend Payable: 4/29/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Consumer Staples
Industry: Bottled & canned soft drinks
Sub-Industry: N/A
Current Symbol: NYSE:FMX
CUSIP: N/A
CIK: 1061736
Web: www.femsa.com
Phone: 528183286000
Fax: 01 81 83286080
Employees: 354,309
Year Founded: 1993

Price Target and Rating

Average Stock Price Target: $135.75
High Stock Price Target: $152.00
Low Stock Price Target: $127.00
Potential Upside/Downside: +10.4%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $10.64
Trailing P/E Ratio: 11.56
Forward P/E Ratio: 21.57
P/E Growth: 0.95
Net Income: $3.75 billion
Net Margins: 8.53%
Pretax Margin: 8.45%
Return on Equity: 9.63%
Return on Assets: 4.43%

Debt

Debt-to-Equity Ratio: 0.33
Current Ratio: 1.91
Quick Ratio: 1.60

Sales & Book Value

Annual Sales: $41.58 billion
Price / Sales: N/A
Cash Flow: $7.74 per share
Price / Cash Flow: 15.89
Book Value: $48.43 per share
Price / Book: 2.54

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Optionable
Beta: 0.94

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Key Executives

Mr. Jose Antonio Vicente Fernandez Carbajal (Age 70)
Executive Chairman of the Board & CEO
Mr. Eugenio Garza Y. Garza (Age 53)
Chief Corporate Financial Officer, Director of Finance & Corporate Development
Mr. Gerardo Estrada Attolini (Age 67)
Director of Administration & Corporate Control
Mr. Juan F. Fonseca
Vice President of Investor Relations
Mr. Raymundo Yutani Vela
Director of Human Resources
Mr. Alfonso Garza Garza (Age 62)
CEO of Negocios Estratégicos & Director
Mr. Francisco Camacho Beltran (Age 59)
Chief Corporate Officer
Mr. Jose Antonio Fernandez Garza-Laguera
Chief Executive Officer of Proximity & Health Division
Mr. Constantino Spas Montesinos (Age 54)
Chief Executive Officer of Strategic Business
Mr. Ian Marcel Craig García (Age 52)
Chief Executive Officer of Coca-Cola

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

Should I Buy Fomento Económico Mexicano Stock? FMX Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Fomento Económico Mexicano, S.A.B. de C.V.:

Fomento Económico Mexicano, S.A.B. de C.V. has shown consistent growth in its market share within the beverage industry, indicating a strong competitive position.
The company's recent acquisition of new shares by Black Creek Investment Management Inc. demonstrates confidence from institutional investors, potentially signaling positive future performance.
With a diversified portfolio that includes beverages, retail, and fuel, Fomento Económico Mexicano, S.A.B. de C.V. offers investors exposure to multiple sectors, reducing risk.
Recent analyst sentiment being bullish on Fomento Económico Mexicano, S.A.B. de C.V. suggests positive market outlook and potential for stock price appreciation.
Strong financial performance metrics, such as revenue growth and profitability, indicate a stable and well-managed company, providing a sense of security for investors.

Cons

Investors should be bearish about investing in Fomento Económico Mexicano, S.A.B. de C.V. for these reasons:

Volatility in the beverage industry and economic conditions could impact Fomento Económico Mexicano, S.A.B. de C.V.'s stock price, leading to potential investment losses.
Dependency on consumer spending patterns and macroeconomic factors may expose the company to risks during economic downturns or market fluctuations.
Regulatory changes or geopolitical events in the regions where Fomento Económico Mexicano, S.A.B. de C.V. operates could affect its operations and financial performance negatively.
Competitive pressures from other beverage and retail companies could limit Fomento Económico Mexicano, S.A.B. de C.V.'s market growth and profitability.
Investors should carefully consider the current stock price of Fomento Económico Mexicano, S.A.B. de C.V. and evaluate whether it aligns with their investment goals and risk tolerance.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Fomento Económico Mexicano pros and cons to contact@marketbeat.com.

FMX Stock Analysis - Frequently Asked Questions

Should I buy or sell Fomento Económico Mexicano stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fomento Económico Mexicano in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" FMX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FMX, but not buy additional shares or sell existing shares.
View FMX analyst ratings or view top-rated stocks.
What is Fomento Económico Mexicano's stock price target for 2024?: 6 brokers have issued 12-month target prices for Fomento Económico Mexicano's stock. Their FMX share price targets range from $127.00 to $152.00. On average, they expect the company's share price to reach $135.75 in the next year. This suggests a possible upside of 10.4% from the stock's current price.
View analysts price targets for FMX or view top-rated stocks among Wall Street analysts.
How have FMX shares performed in 2024?: Fomento Económico Mexicano's stock was trading at $130.35 at the start of the year. Since then, FMX shares have decreased by 5.7% and is now trading at $122.96.
View the best growth stocks for 2024 here.
Are investors shorting Fomento Económico Mexicano?: Fomento Económico Mexicano saw a increase in short interest in March. As of March 31st, there was short interest totaling 1,560,000 shares, an increase of 44.4% from the March 15th total of 1,080,000 shares. Based on an average trading volume of 670,800 shares, the short-interest ratio is currently 2.3 days. Currently, 0.7% of the company's shares are sold short.
View Fomento Económico Mexicano's Short Interest.
When is Fomento Económico Mexicano's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024.
View our FMX earnings forecast.
How were Fomento Económico Mexicano's earnings last quarter?: Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) posted its quarterly earnings data on Friday, February, 23rd. The company reported $1.07 EPS for the quarter. The business had revenue of $11.23 billion for the quarter, compared to analysts' expectations of $11.21 billion. Fomento Económico Mexicano had a net margin of 8.53% and a trailing twelve-month return on equity of 9.63%.
How often does Fomento Económico Mexicano pay dividends? What is the dividend yield for Fomento Económico Mexicano?: Fomento Económico Mexicano announced an annual dividend on Tuesday, April 9th. Stockholders of record on Wednesday, April 17th will be given a dividend of $1.115 per share on Monday, April 29th. This represents a dividend yield of 0.87%. The ex-dividend date is Tuesday, April 16th. This is a boost from the stock's previous annual dividend of $0.74.
Read our dividend analysis for FMX.

Is Fomento Económico Mexicano a good dividend stock?: Fomento Económico Mexicano (NYSE:FMX) pays an annual dividend of $1.85 per share and currently has a dividend yield of 1.49%. The dividend payout ratio is 17.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FMX will have a dividend payout ratio of 30.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FMX.
What ETFs hold Fomento Económico Mexicano's stock?: ETFs with the largest weight of Fomento Económico Mexicano (NYSE:FMX) stock in their portfolio include AdvisorShares Dorsey Wright ADR ETF (AADR), Amplify International Enhanced Dividend Income ETF (IDVO), Pacer Emerging Markets Cash Cows 100 ETF (ECOW), Distillate International Fundamental Stability & Value ETF (DSTX) and Global X Emerging Markets Great Consumer ETF (EMC).Hartford Multifactor Emerging Markets ETF (ROAM).
What is José A. Fernández Carbajal's approval rating as Fomento Económico Mexicano's CEO?: 49 employees have rated Fomento Económico Mexicano Chief Executive Officer José A. Fernández Carbajal on Glassdoor.com. José A. Fernández Carbajal has an approval rating of 93% among the company's employees. This puts José A. Fernández Carbajal in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Fomento Económico Mexicano own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Fomento Económico Mexicano investors own include PayPal (PYPL), SEA (SE), Verizon Communications (VZ), Alibaba Group (BABA), Pfizer (PFE), Invesco QQQ (QQQ), Mastercard (MA), Netflix (NFLX), Tesla (TSLA) and Broadcom (AVGO).
Who are Fomento Económico Mexicano's major shareholders?: Fomento Económico Mexicano's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Perpetual Ltd (0.00%), Sarasin & Partners LLP (0.00%), Confluence Investment Management LLC (0.00%), Park Avenue Securities LLC (0.00%), Ballentine Partners LLC (0.00%) and Riverview Trust Co (0.00%).
How do I buy shares of Fomento Económico Mexicano?: Shares of FMX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:FMX) was last updated on 4/16/2024 by MarketBeat.com Staff

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