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S&P 500   4,594.63
DOW   36,245.50
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MarketBeat Week in Review – 11/27 - 12/1
All the trading advice you’ve ever received boils down to this (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
How major US stock indexes fared Friday, 12/1/2023
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
US joins in other nations in swearing off coal power to clean the climate
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
All the trading advice you’ve ever received boils down to this (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
How major US stock indexes fared Friday, 12/1/2023
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
US joins in other nations in swearing off coal power to clean the climate
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
All the trading advice you’ve ever received boils down to this (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
How major US stock indexes fared Friday, 12/1/2023
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
US joins in other nations in swearing off coal power to clean the climate
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"

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

$126.91
+0.02 (+0.02%)
(As of 12/1/2023 ET)
Compare
Today's Range
$126.18
$127.74
50-Day Range
$100.32
$127.20
52-Week Range
$74.90
$128.63
Volume
322,431 shs
Average Volume
596,537 shs
Market Capitalization
N/A
P/E Ratio
11.87
Dividend Yield
1.46%
Price Target
$125.20

Fomento Económico Mexicano MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
1.3% Downside
$125.20 Price Target
Short Interest
Healthy
0.46% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.27mentions of Fomento Económico Mexicano in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-10.02%
From $5.69 to $5.12 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.85 out of 5 stars

Consumer Staples Sector

96th out of 136 stocks

Bottled & Canned Soft Drinks Industry

5th out of 9 stocks


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

Coca-Cola EuroPacific Partners is a tasty play on Coke (FMX)
Coca-Cola EuroPacific Partners offers emerging market exposure while trading at a discount to its parent and paying a higher yield.
Fomento Economico Mexicano SAB de CV Cedear
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Fomento Economico Mexicano SAB de CV (FMX)
Fomento Economico Mexicano SAB de CV's Dividend Analysis
FEMSA (FMX) Q3 Earnings Beat, Revenues Lag Estimates
FEMSA Announces Third Quarter 2023 Results
3 Retail Stocks Ready to Rally Into Year-End
3 Must-Buy Stocks for the Coming Mexico Boom
FEMSA Forward Focused Leadership in Retail & Beverages
Bull of the Day: Fomento Economico Mexicano (FMX)
See More Headlines
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Company Calendar

Last Earnings
10/27/2023
Ex-Dividend for 11/7 Dividend
11/03/2023
Dividend Payable
11/07/2023
Today
12/02/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/23/2024

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
$125.20
High Stock Price Target
$135.00
Low Stock Price Target
$110.00
Potential Upside/Downside
-1.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$1.23 billion
Pretax Margin
9.28%

Debt

Sales & Book Value

Annual Sales
$33.49 billion
Cash Flow
$7.82 per share
Book Value
$48.43 per share

Miscellaneous

Free Float
N/A
Optionable
Optionable
Beta
0.91

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Key Executives

  • Mr. Jose Antonio Vicente Fernandez Carbajal (Age 69)
    Executive Chairman of the Board & CEO
  • Mr. Eugenio Garza Y. Garza (Age 52)
    Chief Corporate Financial Officer, Director of Finance & Corporate Development
  • Mr. Gerardo Estrada Attolini (Age 66)
    Vice President of Administration & Corporate Control
  • Mr. Juan F. Fonseca
    Vice President of Investor Relations
  • Mr. Raymundo Yutani Vela
    Vice President of Human Resources
  • Mr. Alfonso Garza Garza (Age 61)
    CEO of Negocios Estratégicos & Director
  • Mr. Francisco Camacho Beltrán (Age 58)
    Chief Corporate Officer
  • Mr. Jose Antonio Fernandez Garza-Laguera
    Chief Executive Officer of Digital Division
  • Mr. Carlos Arenas Cadena (Age 61)
    Chief Executive Officer of Proximity Division
  • Mr. Daniel Belaunde Arnillas (Age 50)
    Chief Executive Officer of Health Division

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, November 28, 2023 at 9:25 AM.

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. operates as a bottler of Coca-Cola trademark beverages, which is a well-established and globally recognized brand in the beverage industry.
  • The company has a strong presence in multiple countries, including Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil, Argentina, and Uruguay, providing diversification and potential for growth in different markets.
  • Fomento Económico Mexicano, S.A.B. de C.V. also operates small-box retail chain stores under the OXXO name, which have a wide customer base and contribute to the company's revenue streams.
  • The company is involved in various sectors, including retail, fuel stations, drugstores, and production and distribution of collers and commercial refrigeration equipment, providing multiple sources of income and potential for synergies among its businesses.
  • Recent developments and financial performance of Fomento Económico Mexicano, S.A.B. de C.V. indicate positive growth and profitability, which may attract investors looking for potential returns.

Cons

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

  • The bottled and canned soft drinks industry, in which Fomento Económico Mexicano, S.A.B. de C.V. operates, is highly competitive, and the company may face challenges in maintaining market share and profitability.
  • Fluctuations in currency exchange rates, particularly in the countries where the company operates, may impact Fomento Económico Mexicano, S.A.B. de C.V.'s financial performance and earnings.
  • The company's operations in multiple countries expose it to geopolitical and economic risks, including changes in government regulations, political instability, and economic downturns in specific regions.
  • Investors should 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.
  • It is important for investors to closely monitor the company's financial statements, quarterly reports, and any updates on its business strategies to make informed investment decisions.














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 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FMX shares.
View FMX analyst ratings
or view top-rated stocks.

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

6 brokerages have issued 1 year price targets for Fomento Económico Mexicano's stock. Their FMX share price targets range from $110.00 to $135.00. On average, they anticipate the company's stock price to reach $125.20 in the next twelve months. This suggests that the stock has a possible downside of 1.3%.
View analysts price targets for FMX
or view top-rated stocks among Wall Street analysts.

How have FMX shares performed in 2023?

Fomento Económico Mexicano's stock was trading at $78.12 at the beginning of 2023. Since then, FMX stock has increased by 62.5% and is now trading at $126.91.
View the best growth stocks for 2023 here
.

Are investors shorting Fomento Económico Mexicano?

Fomento Económico Mexicano saw a drop in short interest during the month of October. As of October 31st, there was short interest totaling 1,040,000 shares, a drop of 7.1% from the October 15th total of 1,120,000 shares. Based on an average daily volume of 613,600 shares, the short-interest ratio is currently 1.7 days. Currently, 0.5% of the company's shares 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, February 23rd 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) announced its quarterly earnings results on Friday, October, 27th. The company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.59. The business had revenue of $10.81 billion for the quarter, compared to analysts' expectations of $11.22 billion. Fomento Económico Mexicano had a net margin of 9.01% and a trailing twelve-month return on equity of 9.42%.

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. Shareholders of record on Monday, November 6th will be paid 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 1.46%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 17.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FMX will have a dividend payout ratio of 36.13% 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 retail and institutional investors. Top institutional shareholders include First Eagle Investment Management LLC (0.00%), Royal Bank of Canada (0.00%), abrdn plc (0.00%), Allspring Global Investments Holdings LLC (0.00%), Baillie Gifford & Co. (0.00%) and Schroder Investment Management Group (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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:FMX) was last updated on 12/2/2023 by MarketBeat.com Staff

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