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This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
What to watch for as China's major political meeting of the year gets underway
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
What to watch for as China's major political meeting of the year gets underway
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
What to watch for as China's major political meeting of the year gets underway
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
What to watch for as China's major political meeting of the year gets underway
NYSE:FMX

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

$124.83
+0.59 (+0.47%)
(As of 03/1/2024 ET)
Today's Range
$122.51
$125.98
50-Day Range
$118.40
$142.19
52-Week Range
$85.66
$143.43
Volume
387,564 shs
Average Volume
727,345 shs
Market Capitalization
N/A
P/E Ratio
11.73
Dividend Yield
1.48%
Price Target
$130.60

Fomento Económico Mexicano MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
4.6% Upside
$130.60 Price Target
Short Interest
Healthy
0.61% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.25mentions of Fomento Económico Mexicano in the last 14 days
Based on 6 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.

2.02 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

StockNews.com Lowers Fomento Económico Mexicano (NYSE:FMX) to Hold
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Fomento Económico Mexicano, S.A.B. de C.V. (FMX)
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
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
Fomento Economico Mexicano (FMX)
See More Headlines
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Company Calendar

Last Earnings
4/26/2018
Today
3/03/2024
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
$130.60
High Stock Price Target
$152.00
Low Stock Price Target
$110.00
Potential Upside/Downside
+4.6%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$3.93 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
0.94

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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 Beltrán (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 Saturday, March 2, 2024 at 4:43 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 institutional investments, indicating confidence from major financial entities.
  • The company's stock price has been steadily increasing, with a 52-week high of $143.43, suggesting positive market sentiment.
  • Expansion into multiple countries across Latin America provides diversification and potential for increased market share.
  • Strong financial ratios like a quick ratio of 1.64 and a current ratio of 1.93 indicate good liquidity and financial health.
  • Recent acquisitions and stake increases by reputable investment firms like Connor Clark & Lunn Investment Management Ltd. demonstrate a positive outlook for the company.

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 a risk to short-term investors due to fluctuations in the market.
  • Dependence on the beverage industry, particularly Coca-Cola trademark beverages, exposes the company to potential shifts in consumer preferences or market competition.
  • High debt-to-equity ratio of 0.35 could indicate increased financial leverage and potential risks during economic downturns.
  • Market competition in the beverage sector is intense, leading to pricing pressures and the need for continuous innovation to maintain market position.
  • Global economic uncertainties or geopolitical factors in countries where Fomento Económico Mexicano operates could impact business operations and financial performance.














FMX Stock Analysis - Frequently Asked Questions

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

7 Wall Street 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 3 buy ratings for the stock. The consensus among Wall Street 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?

7 analysts have issued 1 year target prices for Fomento Económico Mexicano's shares. Their FMX share price targets range from $110.00 to $152.00. On average, they anticipate the company's stock price to reach $130.60 in the next twelve months. This suggests a possible upside of 4.6% 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 4.2% and is now trading at $124.83.
View the best growth stocks for 2024 here
.

Are investors shorting Fomento Económico Mexicano?

Fomento Económico Mexicano saw a increase in short interest in February. As of February 15th, there was short interest totaling 1,310,000 shares, an increase of 7.4% from the January 31st total of 1,220,000 shares. Based on an average daily trading volume, of 508,800 shares, the short-interest ratio is presently 2.6 days. Currently, 0.6% of the shares of the company 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 Thursday, April, 26th. The company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.55 by $0.33. The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.26 billion. Fomento Económico Mexicano had a trailing twelve-month return on equity of 9.63% and a net margin of 8.53%.

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 1.49%. 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 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 variety of retail and institutional investors. Top institutional shareholders 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 3/3/2024 by MarketBeat.com Staff