NYSE:FMX

Fomento Económico Mexicano Stock Forecast, Price & News

$88.87
-0.64 (-0.72 %)
(As of 09/16/2021 12:00 AM ET)
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Today's Range
$88.38
$89.50
50-Day Range
$81.74
$89.51
52-Week Range
$52.91
$89.59
Volume809,658 shs
Average Volume429,485 shs
Market Capitalization$31.80 billion
P/E Ratio63.03
Dividend Yield0.63%
Beta1.08
30 days | 90 days | 365 days | Advanced Chart
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Fomento Económico Mexicano logo

About Fomento Económico Mexicano

Fomento Economico Mexicano SAB de CV operates as a holding company, which engages in the production, distribution, and marketing of beverages. The firm also produces, markets, sells, and distributes Coca-Cola trademark beverages, including sparkling beverages. It operates through the following segments: Coca-Cola FEMSA; FEMSA-Comercio Proximity Division; FEMSA-Comercio Health Division; FEMSA-Comercio Fuel Division; Heineken Investment; and Other. The Coca-Cola FEMSA segment produces, markets, sells, and distributes Coca-Cola trademark beverages through standard bottler agreements in the territories where it operates. The FEMSA-Comercio Proximity Division segment operates a chain of small-format stores in Mexico. The FEMSA-Comercio Health Division segment involves drugstores and related operations. The FEMSA-Comercio Fuel Division segment deals with retail service stations for fuels, motor oils, and other car care products. The Heineken Investment segment invests in Heineken and distributes beer in a large number of countries. The Other segment involves other companies and corporate activities. The company was founded by Isaac Garza, José Calderón, José A. Muguerza, Francisco G.

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MarketRank

Overall MarketRank

2.11 out of 5 stars

Consumer Staples Sector

82nd out of 179 stocks

Bottled & Canned Soft Drinks Industry

5th out of 12 stocks

Analyst Opinion: 3.3Community Rank: 4.5Dividend Strength: 0.8Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -
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Fomento Económico Mexicano (NYSE:FMX) Frequently Asked Questions

Is Fomento Económico Mexicano a buy right now?

5 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 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Fomento Económico Mexicano stock.
View analyst ratings for Fomento Económico Mexicano
or view top-rated stocks.

What stocks does MarketBeat like better than Fomento Económico Mexicano?

Wall Street analysts have given Fomento Económico Mexicano a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Fomento Económico Mexicano wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Fomento Económico Mexicano's next earnings date?

Fomento Económico Mexicano is scheduled to release its next quarterly earnings announcement on Wednesday, October 27th 2021.
View our earnings forecast for Fomento Económico Mexicano
.

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 Wednesday, July, 28th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.51. The business earned $6.84 billion during the quarter, compared to analysts' expectations of $6.43 billion. Fomento Económico Mexicano had a net margin of 1.85% and a trailing twelve-month return on equity of 3.10%.
View Fomento Económico Mexicano's earnings history
.

How has Fomento Económico Mexicano's stock been impacted by COVID-19 (Coronavirus)?

Fomento Económico Mexicano's stock was trading at $65.94 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FMX shares have increased by 34.8% and is now trading at $88.87.
View which stocks have been most impacted by COVID-19
.

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

Fomento Económico Mexicano announced a semi-annual dividend on Friday, April 23rd. Stockholders of record on Wednesday, May 5th will be given a dividend of $0.5771 per share on Monday, May 17th. This represents a dividend yield of 1.7%. The ex-dividend date is Tuesday, May 4th.
View Fomento Económico Mexicano's dividend history
.

Is Fomento Económico Mexicano a good dividend stock?

Fomento Económico Mexicano pays an annual dividend of $0.56 per share and currently has a dividend yield of 0.63%. The dividend payout ratio of Fomento Económico Mexicano is 466.67%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Fomento Económico Mexicano will have a dividend payout ratio of 15.60% next year. This indicates that Fomento Económico Mexicano will be able to sustain or increase its dividend.
View Fomento Económico Mexicano's dividend history.

What price target have analysts set for FMX?

5 equities research analysts have issued twelve-month target prices for Fomento Económico Mexicano's shares. Their forecasts range from $76.00 to $200.00. On average, they expect Fomento Económico Mexicano's share price to reach $114.20 in the next year. This suggests a possible upside of 28.5% from the stock's current price.
View analysts' price targets for Fomento Económico Mexicano
or view top-rated stocks among Wall Street analysts.

Who are Fomento Económico Mexicano's key executives?

Fomento Económico Mexicano's management team includes the following people:
  • Miguel Eduardo Padilla Silva, Chief Executive Officer & Director
  • Eugenio Garza Y. Garza, Director-Finance & Corporate Development
  • Gerardo Estrada Attolini, Director-Administration & Control
  • Alfonso Garza Garza, Director & Vice President-Strategic Businesses
  • Roberto Rafael Campa Cifrián, Director-Corporate Affairs

What is José A. Fernández Carbajal's approval rating as Fomento Económico Mexicano's CEO?

49 employees have rated Fomento Económico Mexicano CEO José A. Fernández Carbajal on Glassdoor.com. José A. Fernández Carbajal has an approval rating of 93% among Fomento Económico Mexicano's employees. This puts José A. Fernández Carbajal in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Fomento Económico Mexicano's key competitors?

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 Trust (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."

Who are Fomento Económico Mexicano's major shareholders?

Fomento Económico Mexicano's stock is owned by many different institutional and retail investors. Top institutional shareholders include Royal Bank of Canada (1.29%), Wells Fargo & Company MN (1.20%), abrdn plc (1.11%), Invesco Ltd. (0.84%), Vontobel Asset Management Inc. (0.84%) and Comgest Global Investors S.A.S. (0.64%).

Which major investors are selling Fomento Económico Mexicano stock?

FMX stock was sold by a variety of institutional investors in the last quarter, including Mitsubishi UFJ Trust & Banking Corp, Coronation Fund Managers Ltd., Nuveen Asset Management LLC, abrdn plc, Black Creek Investment Management Inc., River Road Asset Management LLC, Deutsche Bank AG, and Renaissance Technologies LLC.

Which major investors are buying Fomento Económico Mexicano stock?

FMX stock was acquired by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., BlackRock Inc., FMR LLC, Royal Bank of Canada, Amundi, Millennium Management LLC, Long Pond Capital LP, and Comgest Global Investors S.A.S..

How do I buy shares of Fomento Económico Mexicano?

Shares of FMX 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 $88.87.

How much money does Fomento Económico Mexicano make?

Fomento Económico Mexicano has a market capitalization of $31.80 billion and generates $23.12 billion in revenue each year. The company earns $188 million in net income (profit) each year or $0.12 on an earnings per share basis.

How many employees does Fomento Económico Mexicano have?

Fomento Económico Mexicano employs 320,618 workers across the globe.

When was Fomento Económico Mexicano founded?

Fomento Económico Mexicano was founded in 1993.

What is Fomento Económico Mexicano's official website?

The official website for Fomento Económico Mexicano is www.femsa.com.

Where are Fomento Económico Mexicano's headquarters?

Fomento Económico Mexicano is headquartered at GENE COLONIA BELLA VISTARAL ANAYA NO 601 PTE, MONTERREY N.L. O5, 64410.

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 company can be reached via phone at 528183286000 or via email at [email protected]


This page was last updated on 9/16/2021 by MarketBeat.com Staff
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