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NYSE:FMX

Fomento Económico Mexicano Stock Forecast, Price & News

$77.12
+2.44 (+3.27 %)
(As of 11/24/2020 12:00 AM ET)
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Today's Range
$75.51
Now: $77.12
$77.90
50-Day Range
$53.50
MA: $61.27
$75.85
52-Week Range
$52.91
Now: $77.12
$98.05
Volume309,374 shs
Average Volume630,846 shs
Market Capitalization$27.60 billion
P/E Ratio77.90
Dividend Yield2.00%
Beta0.73
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, including low-sugar or sugar-free carbonated beverages; refreshing juices, nectars, and fruit-based drinks; purified, and carbonated and flavored water; coffees, teas, and sports and energy drinks; and dairy products and products based on vegetable protein. It also operates small-box retail chain stores in Mexico, Colombia, Peru, the United States, 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 coolers, commercial refrigeration equipment, and plastic cases; food processing, preservation, and weighing equipment; and provision of logistic transportation and maintenance, point-of-sale refrigeration, and plastics solutions. As of December 31, 2019, it operated 19,330 OXXO small-format stores in Mexico, Colombia, Chile, and Peru; 3,161 drugstores in Mexico, Chile, Colombia, and Ecuador; and 545 OXXO GAS service stations. Fomento Económico Mexicano, S.A.B. de C.V. was founded in 1890 and is based in Monterrey, Mexico.
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Fomento Económico Mexicano logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.83 out of 5 stars


Industry, Sector and Symbol

Industry Bottled & canned soft drinks
Sub-IndustryN/A
CUSIPN/A
Phone52-81-8328-6167
Employees323,003

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$26.33 billion
Cash Flow$9.53 per share
Book Value$40.43 per share

Profitability

Net Income$1.10 billion

Miscellaneous

Market Cap$27.60 billion
Next Earnings Date2/25/2021 (Estimated)
OptionableOptionable
$77.12
+2.44 (+3.27 %)
(As of 11/24/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Fomento Económico Mexicano (NYSE:FMX) Frequently Asked Questions

How has Fomento Económico Mexicano's stock price 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. Since then, FMX stock has increased by 17.0% and is now trading at $77.12.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Fomento Económico Mexicano?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fomento Económico Mexicano in the last year. There are currently 1 sell rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Fomento Económico Mexicano
.

What stocks does MarketBeat like better than Fomento Económico Mexicano?

Wall Street analysts have given Fomento Económico Mexicano a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Fomento Económico Mexicano wasn't one of them. MarketBeat thinks these five stocks 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 Thursday, February 25th 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) released its quarterly earnings results on Thursday, April, 26th. The company reported $0.22 EPS for the quarter, missing the Zacks' consensus estimate of $0.55 by $0.33. The business earned $6.15 billion during the quarter, compared to analyst estimates of $6.26 billion. Fomento Económico Mexicano had a return on equity of 2.70% and a net margin of 1.21%.
View Fomento Económico Mexicano's earnings history
.

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

Fomento Económico Mexicano declared a -- dividend on Tuesday, October 20th. Investors of record on Wednesday, November 4th will be paid a dividend of $0.7333 per share on Monday, November 16th. This represents a dividend yield of 2.6%. The ex-dividend date is Tuesday, November 3rd.
View Fomento Económico Mexicano's dividend history
.

What price target have analysts set for FMX?

3 brokers have issued 1-year price targets for Fomento Económico Mexicano's stock. Their forecasts range from $70.00 to $112.00. On average, they anticipate Fomento Económico Mexicano's stock price to reach $91.00 in the next twelve months. This suggests a possible upside of 18.0% from the stock's current price.
View analysts' price targets for Fomento Económico Mexicano
.

Are investors shorting Fomento Económico Mexicano?

Fomento Económico Mexicano saw a increase in short interest in October. As of October 30th, there was short interest totaling 1,130,000 shares, an increase of 41.5% from the October 15th total of 798,800 shares. Based on an average trading volume of 622,300 shares, the short-interest ratio is currently 1.8 days.
View Fomento Económico Mexicano's Short Interest
.

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).

Who are Fomento Económico Mexicano's key executives?

Fomento Económico Mexicano's management team includes the following people:
  • Mr. Jose Antonio Vicente Fernandez Carbajal, Exec. Chairman (Age 66)
  • Mr. Javier Gerardo Astaburuaga Sanjines, VP & Director (Age 61)
  • Mr. Miguel Eduardo Padilla Silva, CEO & Director (Age 65)
  • Mr. Eugenio Garza Y. Garza, Director of Fin. & Corp. Devel. (Age 48)
  • Mr. Gerardo Estrada Attolini, Director of Admin. & Corp. Control (Age 63)
  • Mr. Juan F. Fonseca, VP of Investor Relations
  • Mr. Carlos Eduardo Aldrete Ancira, Gen. Counsel & Sec. (Age 64)
  • Mr. Alfonso Garza Garza, CEO of Strategic Bus.es & Director (Age 58)
  • Mr. Francisco Camacho Beltrán, Chief Corp. Officer
  • Mr. John Anthony Santa Maria Otazua, Chief Exec. Officer of Coca-Cola FEMSA (Age 63)

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 Harding Loevner LP (2.50%), Orbis Allan Gray Ltd (1.59%), Standard Life Aberdeen plc (1.39%), Wells Fargo & Company MN (1.03%), JPMorgan Chase & Co. (0.63%) and Black Creek Investment Management Inc. (0.35%).

Which major investors are selling Fomento Económico Mexicano stock?

FMX stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Ashmore Group plc, Contrarius Investment Management Ltd, State of New Jersey Common Pension Fund D, Standard Life Aberdeen plc, Sei Investments Co., Indus Capital Partners LLC, and Acadian Asset Management 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 Orbis Allan Gray Ltd, Brandes Investment Partners LP, Wells Fargo & Company MN, Solel Partners LP, Harding Loevner LP, CIBC Private Wealth Group LLC, LA Financiere DE L Echiquier, and Voloridge Investment Management LLC.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Fomento Económico Mexicano's stock price today?

One share of FMX stock can currently be purchased for approximately $77.12.

How big of a company is Fomento Económico Mexicano?

Fomento Económico Mexicano has a market capitalization of $27.60 billion and generates $26.33 billion in revenue each year. The company earns $1.10 billion in net income (profit) each year or $3.07 on an earnings per share basis. Fomento Económico Mexicano employs 323,003 workers across the globe.

What is Fomento Económico Mexicano's official website?

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

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 52-81-8328-6167 or via email at [email protected]

This page was last updated on 11/25/2020 by MarketBeat.com Staff

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