S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Investing Legend Warns: NVIDIA is a "Delusion" (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Better Than Oil Stocks (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Investing Legend Warns: NVIDIA is a "Delusion" (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Better Than Oil Stocks (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Investing Legend Warns: NVIDIA is a "Delusion" (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Better Than Oil Stocks (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Investing Legend Warns: NVIDIA is a "Delusion" (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Better Than Oil Stocks (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
California governor rejects bill to give unemployment checks to striking workers
NYSE:FMX

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

$109.15
+1.25 (+1.16%)
(As of 09/29/2023 ET)
Compare
Today's Range
$107.43
$110.11
50-Day Range
$106.93
$118.66
52-Week Range
$60.89
$119.62
Volume
519,900 shs
Average Volume
494,962 shs
Market Capitalization
$39.06 billion
P/E Ratio
10.28
Dividend Yield
1.73%
Price Target
$118.64

Fomento Económico Mexicano MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
8.7% Upside
$118.64 Price Target
Short Interest
Healthy
0.29% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.06mentions of Fomento Económico Mexicano in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-6.85%
From $5.40 to $5.03 Per Share

Overall MarketRank

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

2.22 out of 5 stars


FMX stock logo

About Fomento Económico Mexicano (NYSE:FMX) Stock

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 Price History

FMX Stock News Headlines

Biden's Digital Dollar Nightmare
On July 20th, 2023, the Federal Reserve launched FedNow, which could spark the fuse for a Digital Dollar. If a Digital Dollar happens, the government could: Monitor every transaction, keep track of your spending habits, and potentially control your individual choices… Which MAY steal your freedoms in one way or another. And if you don’t plan for this now... Your retirement savings could be at risk of being frozen, hacked, or deleted. You’ll want to act fast... Because with Biden’s long history of voting against Americans... Who knows how much longer until Biden strikes again! Get your hands on this FREE Wealth Protection Kit today and learn how you could shield your savings and investments before it’s too late!
FEMSA Forward Focused Leadership in Retail & Beverages
Bull of the Day: Fomento Economico Mexicano (FMX)
Biden's Digital Dollar Nightmare
On July 20th, 2023, the Federal Reserve launched FedNow, which could spark the fuse for a Digital Dollar. If a Digital Dollar happens, the government could: Monitor every transaction, keep track of your spending habits, and potentially control your individual choices… Which MAY steal your freedoms in one way or another. And if you don’t plan for this now... Your retirement savings could be at risk of being frozen, hacked, or deleted. You’ll want to act fast... Because with Biden’s long history of voting against Americans... Who knows how much longer until Biden strikes again! Get your hands on this FREE Wealth Protection Kit today and learn how you could shield your savings and investments before it’s too late!
HSBC Reaffirms Their Hold Rating on Fomento Economico Mexicano (FMX)
FEMSA Announces Second Quarter 2023 Results
Fomento Economico Mexicano SAB de CV ADR
See More Headlines
Receive FMX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Fomento Económico Mexicano and its competitors with MarketBeat's FREE daily newsletter.

FMX Company Calendar

Last Earnings
7/27/2023
Today
10/01/2023
Next Earnings (Estimated)
10/27/2023
Ex-Dividend for 11/7 Dividend
11/03/2023
Dividend Payable
11/07/2023
Fiscal Year End
12/31/2023

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 Forecast
$118.64
High Stock Price Forecast
$135.00
Low Stock Price Forecast
$109.20
Forecasted Upside/Downside
+8.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$1.23 billion
Pretax Margin
8.41%

Debt

Sales & Book Value

Annual Sales
$736.02 billion
Cash Flow
$7.82 per share
Book Value
$48.43 per share

Miscellaneous

Free Float
N/A
Market Cap
$39.06 billion
Optionable
Optionable
Beta
0.94

Social Links

(Almost) Everything You Need To Know About The EV Market Cover

Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.

Get This Free Report

Key Executives

  • Mr. Jose Antonio Vicente Fernandez Carbajal (Age 69)
    Exec. Chairman & CEO
  • Mr. Eugenio Garza Y. Garza (Age 52)
    Chief Corp. Financial Officer, Director of Fin. & Corp. Devel.
  • Mr. Gerardo Estrada Attolini (Age 66)
    VP of Admin. & Corp. Control
  • Mr. Juan F. Fonseca
    VP of Investor Relations
  • Mr. Raymundo Yutani Vela
    VP of HR
  • Mr. Alfonso Garza Garza (Age 61)
    CEO of Negocios Estratégicos & Director
  • Mr. Francisco Camacho Beltrán (Age 58)
    Chief Corp. Officer
  • Mr. Jose Antonio Fernandez Garza-Laguera
    Chief Exec. Officer of Digital Division
  • Mr. Carlos Arenas Cadena (Age 61)
    Chief Exec. Officer of Proximity Division
  • Mr. Daniel Belaunde Arnillas (Age 50)
    Chief Exec. Officer of Health Division













FMX Stock - Frequently Asked Questions

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

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fomento Económico Mexicano in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research 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 forecast for 2023?

7 equities research analysts have issued 1 year target prices for Fomento Económico Mexicano's shares. Their FMX share price forecasts range from $109.20 to $135.00. On average, they predict the company's share price to reach $118.64 in the next year. This suggests a possible upside of 8.7% 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 2023?

Fomento Económico Mexicano's stock was trading at $78.12 at the start of the year. Since then, FMX shares have increased by 39.7% and is now trading at $109.15.
View the best growth stocks for 2023 here
.

Are investors shorting Fomento Económico Mexicano?

Fomento Económico Mexicano saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 702,200 shares, a decline of 31.8% from the August 15th total of 1,030,000 shares. Based on an average daily volume of 515,400 shares, the short-interest ratio is presently 1.4 days. Approximately 0.3% of the company's shares 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, October 27th 2023.
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) issued its earnings results on Thursday, July, 27th. The company reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.43. The business had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $11.12 billion. Fomento Económico Mexicano had a trailing twelve-month return on equity of 9.62% and a net margin of 9.48%.

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 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 $1.89 per share and currently has a dividend yield of 1.85%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 17.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FMX will have a dividend payout ratio of 37.57% 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).

What is Fomento Económico Mexicano's stock symbol?

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

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.

What is Fomento Económico Mexicano's stock price today?

One share of FMX stock can currently be purchased for approximately $109.15.

How much money does Fomento Económico Mexicano make?

Fomento Económico Mexicano (NYSE:FMX) has a market capitalization of $39.06 billion and generates $736.02 billion in revenue each year. The company earns $1.23 billion in net income (profit) each year or $10.62 on an earnings per share basis.

How many employees does Fomento Económico Mexicano have?

The company employs 354,309 workers across the globe.

How can I contact Fomento Económico Mexicano?

Fomento Económico Mexicano's mailing address is GENE COLONIA BELLA VISTARAL ANAYA NO 601 PTE, MONTERREY N.L. O5, 64410. The official website for the company is www.femsa.com. The company can be reached via phone at 528183286000, via email at investor@femsa.com, or via fax at 01 81 83286080.

This page (NYSE:FMX) was last updated on 10/1/2023 by MarketBeat.com Staff

My Account -