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NYSE:FMX

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

$130.82
+0.57 (+0.44%)
(As of 12:33 PM ET)
Today's Range
$129.77
$131.04
50-Day Range
$118.40
$142.19
52-Week Range
$91.71
$143.43
Volume
74,870 shs
Average Volume
667,526 shs
Market Capitalization
N/A
P/E Ratio
12.30
Dividend Yield
1.41%
Price Target
$135.75

Fomento Económico Mexicano MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
4.5% Upside
$135.75 Price Target
Short Interest
Healthy
0.50% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.16mentions of Fomento Económico Mexicano in the last 14 days
Based on 3 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.

1.84 out of 5 stars

FMX stock logo

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

FMX Stock News Headlines

FEMSA Shareholders’ Meeting Resolutions
FEMSA Shareholders' Meeting Resolutions
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Bitcoin is rapidly approaching new ALL-TIME HIGHS… The market is buzzing after recent approval of spot Bitcoin exchange-traded funds (ETF). Top analysts predict these ETFs will attract trillions of dollars worth of inflows over the next few years… And as Bitcoin rallies, we could see other smaller coins rise to heights never seen before.
Fomento Economico Mexicano S.A.B. de C.V. - ADR
Altcoin FRENZY Alert…
Bitcoin recently crossed the highest price in its 15-year history… Less than 2 years after one of the most vicious crypto market meltdowns we've ever seen! Bitcoin's BOOM also sent shockwaves through the altcoin market, with select coins seeing HUGE moves in a matter of days… Like Fetch.ai, that gained over 350% in just the last 30 days…
FEMSA Announces Accelerated Share Repurchase Agreement
Fomento Económico Mexicano, S.A.B. de C.V. (FMX)
FEMSA Announces Fourth Quarter and Full Year 2023 Results
Here's How FEMSA (FMX) is Placed Just Ahead of Q4 Earnings
PNC Feb 2024 170.000 call
The Broyhill Q4 2023 Letter
FMX Mar 2024 160.000 call
SHOP Feb 2024 100.000 call
See More Headlines
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Company Calendar

Last Earnings
2/23/2024
Today
3/28/2024
Next Earnings (Estimated)
4/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Bottled & canned soft drinks
Sub-Industry
N/A
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
+3.9%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$3.75 billion
Pretax Margin
8.45%

Debt

Sales & Book Value

Annual Sales
$41.58 billion
Cash Flow
$7.82 per share
Book Value
$48.43 per share

Miscellaneous

Free Float
N/A
Optionable
Optionable
Beta
0.93

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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

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Fomento Económico Mexicano was last updated on Tuesday, March 26, 2024 at 10:38 PM.

Pros

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

  • Fomento Económico Mexicano has shown consistent growth in its stock price, with a current value of $123.29.
  • The company operates as a bottler of Coca-Cola trademark beverages in multiple countries, providing a diversified revenue stream.
  • Expansion into various retail chains and convenience stores across different regions enhances the company's market presence and potential for increased sales.
  • Diversification into production and distribution of various equipment and logistic services reduces dependency on a single revenue source.
  • The company's strategic acquisitions and investments demonstrate a commitment to long-term growth and profitability.

Cons

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

  • The company's stock price volatility may pose risks to short-term investors due to market fluctuations.
  • Intense competition in the beverage industry could impact the company's market share and profitability.
  • Global economic uncertainties and currency fluctuations may affect the company's international operations and financial performance.
  • Regulatory changes or restrictions in any of the countries where the company operates could impact its business operations and profitability.
  • Dependency on the success of Coca-Cola trademark beverages exposes the company to risks associated with changes in consumer preferences or brand perception.

FMX Stock Analysis - Frequently Asked Questions

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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fomento Económico Mexicano in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 1-year price targets for Fomento Económico Mexicano's shares. Their FMX share price targets range from $127.00 to $152.00. On average, they predict the company's stock price to reach $135.75 in the next year. This suggests a possible upside of 4.5% 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 stock has decreased by 0.3% and is now trading at $129.96.
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 15th, there was short interest totaling 1,080,000 shares, an increase of 23.9% from the February 29th total of 871,900 shares. Based on an average daily volume of 639,400 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.5% of the company's stock 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) released its earnings results on Friday, February, 23rd. The company reported $1.07 earnings per share for the quarter. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates 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 declared a semi-annual dividend on Wednesday, September 6th. Stockholders of record on Monday, November 6th will be given a dividend of $1.0001 per share on Tuesday, November 7th. This represents a yield of 1.3%. The ex-dividend date is Friday, November 3rd.
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 1.42%. 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 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 many different institutional and retail investors. Top institutional investors include First Eagle Investment Management LLC (0.00%), Harding Loevner LP (2.10%), Baillie Gifford & Co. (0.00%), Nuveen Asset Management LLC (0.73%), Schroder Investment Management Group (0.00%) and abrdn plc (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 3/28/2024 by MarketBeat.com Staff

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