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NYSE:FMX

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

$118.87
-0.07 (-0.06%)
(As of 02:57 PM ET)
Today's Range
$118.64
$121.04
50-Day Range
$118.40
$142.19
52-Week Range
$91.71
$143.43
Volume
491,114 shs
Average Volume
647,558 shs
Market Capitalization
N/A
P/E Ratio
11.17
Dividend Yield
0.55%
Price Target
$135.75

Fomento Económico Mexicano MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
13.9% Upside
$135.75 Price Target
Short Interest
Healthy
0.73% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.41mentions of Fomento Económico Mexicano in the last 14 days
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.

3.00 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

Henry Kissinger’s chilling AI warning
Not long before his death in 2023, Henry Kissinger wrote about a "world of potentially total destructiveness and substantial uncertainty." He was talking about the advent of generative artificial intelligence (AI)... And how we are woefully unprepared for the consequences this technology could bring.
FEMSA Shareholders’ Meeting Resolutions
FEMSA Shareholders' Meeting Resolutions
Henry Kissinger’s chilling AI warning
Not long before his death in 2023, Henry Kissinger wrote about a "world of potentially total destructiveness and substantial uncertainty." He was talking about the advent of generative artificial intelligence (AI)... And how we are woefully unprepared for the consequences this technology could bring.
Fomento Economico Mexicano S.A.B. de C.V. - ADR
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
Ex-Dividend for 4/29 Dividend
4/16/2024
Today
4/18/2024
Next Earnings (Confirmed)
4/26/2024
Dividend Payable
4/29/2024
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
+12.7%
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
$7.88 per share
Book Value
$48.43 per share

Miscellaneous

Free Float
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

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 year. 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 analysts have issued 1 year target prices 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 13.9% 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 beginning of the year. Since then, FMX stock has decreased by 8.6% and is now trading at $119.19.
View the best growth stocks for 2024 here
.

Are investors shorting Fomento Económico Mexicano?

Fomento Económico Mexicano saw a increase in short interest in the month of 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 daily trading volume, of 670,800 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.7% of the shares of the company are short sold.
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 can I listen to Fomento Económico Mexicano's earnings call?

Fomento Económico Mexicano will be holding an earnings conference call on Friday, April 26th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Fomento Económico Mexicano's earnings last quarter?

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) released its quarterly earnings results on Friday, February, 23rd. The company reported $1.07 earnings per share (EPS) for the quarter. The company earned $11.23 billion during the quarter, compared to the consensus estimate 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 an annual dividend on Tuesday, April 9th. Shareholders 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 positive change 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 $0.65 per share and currently has a dividend yield of 0.54%. The dividend payout ratio is 6.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FMX will have a dividend payout ratio of 10.59% 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 a number of institutional and retail investors. Top institutional shareholders include Perpetual Ltd (0.00%), Sarasin & Partners LLP (0.00%), Baker Ellis Asset Management LLC (0.00%), Deltec Asset Management LLC (0.00%), Confluence Investment Management LLC (0.00%) and Park Avenue Securities LLC (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 4/18/2024 by MarketBeat.com Staff

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