NYSE:FMX Fomento Económico Mexicano - FMX Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Fomento Económico Mexicano, S.A.B. de C.V. Please log in to your account or sign up in order to add this asset to your watchlist. $86.03 -0.27 (-0.31%) (As of 01/30/2023 12:00 AM ET) Add Compare Share Share Today's Range$85.80▼$86.9350-Day Range$75.81▼$86.4452-Week Range$58.73▼$87.88Volume444,917 shsAverage Volume502,697 shsMarket Capitalization$30.88 billionP/E Ratio23.19Dividend Yield1.98%Price Target$88.53 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Fomento Económico Mexicano MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside2.9% Upside$88.53 Price TargetShort InterestHealthy0.63% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.32Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth14.51%From $3.79 to $4.34 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.02 out of 5 starsConsumer Staples Sector89th out of 141 stocksBottled & Canned Soft Drinks Industry5th out of 9 stocks 1.3 Analyst's Opinion Consensus RatingFomento Económico Mexicano has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 5 buy ratings, no hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $88.53, Fomento Económico Mexicano has a forecasted upside of 2.9% from its current price of $86.03.Amount of Analyst CoverageFomento Económico Mexicano has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.63% of the float of Fomento Económico Mexicano has been sold short.Short Interest Ratio / Days to CoverFomento Económico Mexicano has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Fomento Económico Mexicano has recently decreased by 37.44%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldFomento Económico Mexicano pays a meaningful dividend of 1.98%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthFomento Económico Mexicano has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Fomento Económico Mexicano is 46.09%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Fomento Económico Mexicano will have a dividend payout ratio of 39.40% next year. This indicates that Fomento Económico Mexicano will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for FMX. Previous Next 3.0 News and Social Media Coverage News SentimentFomento Económico Mexicano has a news sentiment score of 1.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Consumer Staples companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Fomento Económico Mexicano this week, compared to 2 articles on an average week. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Fomento Económico Mexicano insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 5.68% of the stock of Fomento Económico Mexicano is held by insiders.Percentage Held by InstitutionsOnly 21.07% of the stock of Fomento Económico Mexicano is held by institutions. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Fomento Económico Mexicano are expected to grow by 14.51% in the coming year, from $3.79 to $4.34 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Fomento Económico Mexicano is 23.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.09.Price to Earnings Ratio vs. SectorThe P/E ratio of Fomento Económico Mexicano is 23.19, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 16.16.Price to Earnings Growth RatioFomento Económico Mexicano has a PEG Ratio of 1.74. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioFomento Económico Mexicano has a P/B Ratio of 1.88. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Fomento Económico Mexicano (NYSE:FMX) StockFomento 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 Business. 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 Business segment involves other companies and corporate activities. The company was founded by Isaac Garza, José Calderón, José A. MugueRead More 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. Email Address FMX Stock News HeadlinesJanuary 25, 2023 | americanbankingnews.comFomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Short Interest UpdateJanuary 25, 2023 | americanbankingnews.comBrokerages Set Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Price Target at $89.04January 31, 2023 | Porter & Company (Ad)The Next Big Crisis Is HereYou just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.January 23, 2023 | finanznachrichten.deFomento Economico Mexicano: FEMSA signs agreement with Volaris to become the initial partner of FEMSA's new coalition loyalty programJanuary 23, 2023 | finance.yahoo.comFEMSA signs agreement with Volaris to become the initial partner of FEMSA’s new coalition loyalty programNovember 15, 2022 | finance.yahoo.comFEMSA Announces Successful Sustainability Linked Bond Issuance in the Mexican MarketNovember 9, 2022 | finance.yahoo.comFEMSA (FMX) to Expand Digital Payments With NetPay BuyoutNovember 8, 2022 | finance.yahoo.comFEMSA signs agreement to acquire NetPay, as part of its digital and financial solutions ecosystemJanuary 31, 2023 | Investing Trends (Ad)GRAPHITE: "Essential for America's National Defense"Did you know each EV battery contains up to 220 pounds of graphite and China controls more than 90% of the world's graphite trade? 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October 31, 2022 | finance.yahoo.comFEMSA (FMX) Earnings Beat Estimates in Q3, Revenues MissOctober 28, 2022 | finanznachrichten.deFomento Economico Mexicano: FEMSA Announces Third Quarter 2022 ResultsOctober 28, 2022 | finance.yahoo.comFEMSA Announces Third Quarter 2022 ResultsOctober 22, 2022 | seekingalpha.comFMX Fomento Económico Mexicano, S.A.B. de C.V.October 13, 2022 | finance.yahoo.comFEMSA and Coca-Cola FEMSA Announce Senior Leadership ChangesOctober 10, 2022 | finance.yahoo.comFEMSA (FMX) Concludes Valora Buyout To Expand in EuropeOctober 10, 2022 | finanznachrichten.deFomento Economico Mexicano: FEMSA completes acquisition of ValoraOctober 10, 2022 | finance.yahoo.comFEMSA completes acquisition of ValoraOctober 7, 2022 | finance.yahoo.comSpin by OXXO obtains authorization to operate as an electronic payment entity in MexicoOctober 7, 2022 | finance.yahoo.comFEMSA Schedules Conference Call to Discuss Third Quarter 2022 Financial ResultsOctober 5, 2022 | finance.yahoo.comFEMSA publishes the definitive end result of the public tender offer for Valora – Settlement of the Offer scheduled for Friday, October 7, 2022October 3, 2022 | finance.yahoo.comBusiness Momentum & Diversification to Support FEMSA (FMX)October 3, 2022 | finance.yahoo.comFEMSA receives all regulatory clearances for the public tender offer for ValoraSeptember 30, 2022 | finance.yahoo.comFEMSA publishes the provisional end result of the public tender offer for Valora – participation rate of 96.87%September 29, 2022 | finance.yahoo.comHere's Why You Should Buy PepsiCo (PEP) Ahead of Q3 EarningsSeptember 15, 2022 | finance.yahoo.comFEMSA publishes the definitive interim result of the public tender offer for Valora – participation rate of 84.42%September 12, 2022 | finanznachrichten.deFomento Economico Mexicano: FEMSA publishes the provisional interim result of the public tender offer for Valora - participation rate of 84.41%September 12, 2022 | finance.yahoo.comFEMSA publishes the provisional interim result of the public tender offer for Valora – participation rate of 84.41%See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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. Email Address FMX Company Calendar Last Earnings4/26/2018Ex-Dividend for 11/17 Dividend11/03/2022Dividend Payable11/17/2022Today1/31/2023Next Earnings (Estimated)2/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Bottled & canned soft drinks Sub-IndustryN/A SectorConsumer Staples Current SymbolNYSE:FMX CUSIPN/A CIK1061736 Webwww.femsa.com Phone528183286000Fax01 81 83286080Employees320,752Year Founded1993Price Target and Rating Average Stock Price Forecast$88.53 High Stock Price Forecast$109.20 Low Stock Price Forecast$68.00 Forecasted Upside/Downside+2.9%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$3.71 Trailing P/E Ratio23.19 Forward P/E Ratio22.70 P/E Growth1.74Net Income$1.39 billion Net Margins4.56% Pretax Margin6.08% Return on Equity10.38% Return on Assets4.66% Debt Debt-to-Equity Ratio0.46 Current Ratio1.40 Quick Ratio1.06 Sales & Book Value Annual Sales$27.44 billion Price / SalesN/A Cash Flow$7.72 per share Price / Cash Flow11.15 Book Value$45.65 per share Price / Book1.88Miscellaneous Outstanding SharesN/AFree FloatN/AMarket Cap$30.88 billion OptionableOptionable Beta0.91 Social Links Key ExecutivesDaniel Alberto R. CofréChief Executive OfficerEugenio Garza Y. GarzaCFO, Director-Finance & Corporate DevelopmentGerardo Estrada AttoliniVice President-Administration & Corporate ControlRoberto Rafael Campa CifriánVice President-Corporate AffairsFrancisco Camacho BeltránChief Corporate OfficerKey CompetitorsCoca-Cola Europacific PartnersNYSE:CCEPCelsiusNASDAQ:CELHMonster BeverageNASDAQ:MNSTBrown-FormanNYSE:BF.BInternational Flavors & FragrancesNYSE:IFFView All CompetitorsInsiders & InstitutionsSustainable Growth Advisers LPSold 16,397 shares on 1/30/2023Ownership: 0.000%New York State Common Retirement FundBought 645 shares on 1/30/2023Ownership: 0.000%Concord Wealth PartnersBought 464 shares on 1/30/2023Ownership: 0.000%Natixis Advisors L.P.Sold 3,759 shares on 1/27/2023Ownership: 0.014%YorkBridge Wealth Partners LLCSold 819 shares on 1/26/2023Ownership: 0.002%View All Institutional Transactions FMX Stock - Frequently Asked Questions Should I buy or sell Fomento Económico Mexicano stock right now? 6 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 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FMX shares. View FMX analyst ratings or view top-rated stocks. What is Fomento Económico Mexicano's stock price forecast for 2023? 6 brokers have issued twelve-month price objectives for Fomento Económico Mexicano's shares. Their FMX share price forecasts range from $68.00 to $109.20. On average, they anticipate the company's stock price to reach $88.53 in the next twelve months. This suggests a possible upside of 2.9% 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 10.1% and is now trading at $86.03. View the best growth stocks for 2023 here. Are investors shorting Fomento Económico Mexicano? Fomento Económico Mexicano saw a decrease in short interest during the month of December. As of December 30th, there was short interest totaling 2,190,000 shares, a decrease of 5.2% from the December 15th total of 2,310,000 shares. Based on an average daily trading volume, of 608,800 shares, the days-to-cover ratio is presently 3.6 days. Approximately 1.0% of the company's stock 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 Monday, February 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 quarterly earnings data on Thursday, April, 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the 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 net margin of 4.56% and a trailing twelve-month return on equity of 10.38%. 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 Friday, October 21st. Stockholders of record on Friday, November 4th will be given a dividend of $0.847 per share on Thursday, November 17th. This represents a dividend yield of 2.1%. The ex-dividend date is Thursday, 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 $1.71 per share and currently has a dividend yield of 1.98%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 46.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FMX will have a dividend payout ratio of 39.40% 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 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 retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.96%), Strs Ohio (0.14%), Assenagon Asset Management S.A. (0.08%), Coerente Capital Management (0.04%), Northcape Capital Pty Ltd (0.03%) and National Bank of Canada FI (0.02%). 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 $86.03. How much money does Fomento Económico Mexicano make? Fomento Económico Mexicano (NYSE:FMX) has a market capitalization of $30.88 billion and generates $27.44 billion in revenue each year. The company earns $1.39 billion in net income (profit) each year or $3.71 on an earnings per share basis. How many employees does Fomento Económico Mexicano have? The company employs 320,752 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 1/31/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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