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

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fomento Económico Mexicano in the last year. 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.

7 brokers have issued 1-year price objectives for Fomento Económico Mexicano's stock. Their FMX share price forecasts range from $109.20 to $135.00. On average, they predict the company's stock price to reach $118.64 in the next twelve months. This suggests a possible upside of 11.1% from the stock's current price.
View analysts price targets for FMX or view top-rated stocks among Wall Street analysts.

Fomento Económico Mexicano's stock was trading at $78.12 at the start of the year. Since then, FMX shares have increased by 36.7% and is now trading at $106.81.
View the best growth stocks for 2023 here.

Fomento Económico Mexicano saw a decrease in short interest in August. As of August 31st, there was short interest totaling 702,200 shares, a decrease of 31.8% from the August 15th total of 1,030,000 shares. Based on an average daily volume of 515,400 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.3% of the company's shares are short sold.
View Fomento Económico Mexicano's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our FMX earnings forecast.

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) issued its quarterly earnings results on Thursday, July, 27th. The company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.21 by $0.43. The company earned $11.56 billion during 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%.

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 of this dividend is Friday, November 3rd.
Read our dividend analysis for FMX.

ETFs with the largest weight of Fomento Económico Mexicano (NYSE:FMX) stock in their portfolio include AdvisorShares Dorsey Wright ADR ETF (AADR), Amplify International Enhanced Dividend Income ETF (IDVO), Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM), Pacer Emerging Markets Cash Cows 100 ETF (ECOW) and Distillate International Fundamental Stability & Value ETF (DSTX).Global X Emerging Markets Great Consumer ETF (EMC).

Fomento Económico Mexicano (NYSE:FMX) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.81%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FMX will have a dividend payout ratio of 39.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FMX.

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.

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).

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

Fomento Económico Mexicano's stock is owned by a number of institutional and retail investors. Top institutional investors include Harding Loevner LP (0.00%), Royal Bank of Canada (0.00%), Schroder Investment Management Group (0.00%), Allspring Global Investments Holdings LLC (0.00%), abrdn plc (0.00%) and Nuveen Asset Management LLC (0.00%).

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.
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One share of FMX stock can currently be purchased for approximately $106.81.

The company employs 354,309 workers across the globe.

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.