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NYSE:FMX

Fomento Economico Mexicano SAB Stock Forecast, Price & News

$55.05
-0.63 (-1.13 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$54.62
Now: $55.05
$55.57
50-Day Range
$55.68
MA: $58.61
$62.48
52-Week Range
$54.62
Now: $55.05
$98.05
Volume779,678 shs
Average Volume618,300 shs
Market Capitalization$19.70 billion
P/E Ratio35.52
Dividend Yield2.46%
Beta0.75
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, including sparkling beverages; and waters, juices, coffee, tea, sports and energy drinks, and dairy and plant-based protein beverages. It also operates small-box retail chain stores in Mexico, Colombia, the United States, and Chile under the OXXO and Big John names; retail service stations for fuels, motor oils, lubricants, and car care products under the OXXO GAS name in Mexico; and drugstores in Chile and Colombia under the Cruz Verde, YZA, La Moderna, and Farmacon names. In addition, the company engages in the production and distribution of coolers, commercial refrigeration equipment, and plastic cases, as well as food processing, preservation, and weighing equipment; and provision of logistic transportation and maintenance, point-of-sale refrigeration, and plastics solutions. As of December 31, 2018, it operated 17,999 OXXO small-format stores in Mexico, Colombia, Chile, and Peru; 2,361 drugstores in Mexico, Chile, and Colombia; and 539 OXXO GAS service stations. Fomento Económico Mexicano, S.A.B. de C.V. was founded in 1890 and is headquartered in Monterrey, Mexico.
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Fomento Economico Mexicano SAB logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.15 out of 5 stars


Industry, Sector and Symbol

Industry Bottled & canned soft drinks
Sub-IndustryN/A
CUSIPN/A
Phone52-81-8328-6167

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$26.33 billion
Cash Flow$6.68 per share
Book Value$48.27 per share

Profitability

Net Income$1.10 billion

Miscellaneous

Employees238,404
Market Cap$19.70 billion
Next Earnings Date10/26/2020 (Estimated)
OptionableOptionable
$55.05
-0.63 (-1.13 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Fomento Economico Mexicano SAB (NYSE:FMX) Frequently Asked Questions

How has Fomento Economico Mexicano SAB's stock price been impacted by Coronavirus?

Fomento Economico Mexicano SAB's stock was trading at $65.94 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, FMX shares have decreased by 16.5% and is now trading at $55.05.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Fomento Economico Mexicano SAB?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fomento Economico Mexicano SAB in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Fomento Economico Mexicano SAB
.

When is Fomento Economico Mexicano SAB's next earnings date?

Fomento Economico Mexicano SAB is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Fomento Economico Mexicano SAB
.

How were Fomento Economico Mexicano SAB's earnings last quarter?

Fomento Economico Mexicano SAB (NYSE:FMX) issued its quarterly earnings data on Friday, July, 24th. The company reported ($1.03) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.11) by $0.92. The firm earned $4.91 billion during the quarter, compared to analysts' expectations of $5.04 billion. Fomento Economico Mexicano SAB had a net margin of 2.55% and a return on equity of 4.65%.
View Fomento Economico Mexicano SAB's earnings history
.

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

Fomento Economico Mexicano SAB announced a semi-annual dividend on Friday, August 7th. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.6896 per share on Monday, August 31st. This represents a yield of 2.6%. The ex-dividend date is Tuesday, August 18th.
View Fomento Economico Mexicano SAB's dividend history
.

What price target have analysts set for FMX?

4 brokers have issued twelve-month price targets for Fomento Economico Mexicano SAB's shares. Their forecasts range from $70.00 to $112.00. On average, they anticipate Fomento Economico Mexicano SAB's stock price to reach $91.00 in the next year. This suggests a possible upside of 65.3% from the stock's current price.
View analysts' price targets for Fomento Economico Mexicano SAB
.

Are investors shorting Fomento Economico Mexicano SAB?

Fomento Economico Mexicano SAB saw a increase in short interest in August. As of August 31st, there was short interest totaling 1,010,000 shares, an increase of 9.9% from the August 15th total of 919,400 shares. Based on an average daily trading volume, of 591,000 shares, the days-to-cover ratio is currently 1.7 days.
View Fomento Economico Mexicano SAB's Short Interest
.

Who are some of Fomento Economico Mexicano SAB's key competitors?

What other stocks do shareholders of Fomento Economico Mexicano SAB own?

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

Who are Fomento Economico Mexicano SAB's key executives?

Fomento Economico Mexicano SAB's management team includes the following people:
  • Mr. José Antonio Vicente Fernández Carbajal, Exec. Chairman (Age 65)
  • Mr. Javier Gerardo Astaburuaga Sanjines, VP of Corp. Devel. & Director (Age 60)
  • Mr. Miguel Eduardo Padilla Silva, CEO & Director (Age 64)
  • Mr. Gerardo Estrada Attolini, Director of Corp. Fin. (Age 62)
  • Mr. José González Ornelas, VP of Admin. & Corp. Control (Age 68)

What is Fomento Economico Mexicano SAB's stock symbol?

Fomento Economico Mexicano SAB trades on the New York Stock Exchange (NYSE) under the ticker symbol "FMX."

Who are Fomento Economico Mexicano SAB's major shareholders?

Fomento Economico Mexicano SAB's stock is owned by many different retail and institutional investors. Top institutional shareholders include Comgest Global Investors S.A.S. (0.88%), Coronation Fund Managers Ltd. (0.72%), Mitsubishi UFJ Trust & Banking Corp (0.53%), Bamco Inc. NY (0.17%), Nuveen Asset Management LLC (0.16%) and Thornburg Investment Management Inc. (0.16%).

Which major investors are selling Fomento Economico Mexicano SAB stock?

FMX stock was sold by a variety of institutional investors in the last quarter, including Comgest Global Investors S.A.S., Sarasin & Partners LLP, Thornburg Investment Management Inc., APG Asset Management N.V., Mitsubishi UFJ Trust & Banking Corp, Axiom International Investors LLC DE, Sumitomo Mitsui Trust Holdings Inc., and CIBC Private Wealth Group LLC.

Which major investors are buying Fomento Economico Mexicano SAB stock?

FMX stock was purchased by a variety of institutional investors in the last quarter, including Coronation Fund Managers Ltd., Nuveen Asset Management LLC, Federated Hermes Inc., Marshall Wace LLP, Indus Capital Partners LLC, Strs Ohio, LA Financiere DE L Echiquier, and Itau Unibanco Holding S.A..

How do I buy shares of Fomento Economico Mexicano SAB?

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

What is Fomento Economico Mexicano SAB's stock price today?

One share of FMX stock can currently be purchased for approximately $55.05.

How big of a company is Fomento Economico Mexicano SAB?

Fomento Economico Mexicano SAB has a market capitalization of $19.70 billion and generates $26.33 billion in revenue each year. The company earns $1.10 billion in net income (profit) each year or $3.07 on an earnings per share basis. Fomento Economico Mexicano SAB employs 238,404 workers across the globe.

What is Fomento Economico Mexicano SAB's official website?

The official website for Fomento Economico Mexicano SAB is www.femsa.com.

How can I contact Fomento Economico Mexicano SAB?

Fomento Economico Mexicano SAB's mailing address is GENE COLONIA BELLA VISTARAL ANAYA NO 601 PTE, MONTERREY N.L. O5, 64410. The company can be reached via phone at 52-81-8328-6167 or via email at [email protected]

This page was last updated on 9/19/2020 by MarketBeat.com Staff

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