S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NYSE:FMX

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

$74.28
-0.19 (-0.26%)
(As of 05/20/2022 07:00 PM ET)
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Today's Range
$74.02
$75.36
50-Day Range
$68.38
$83.84
52-Week Range
$67.53
$89.59
Volume
407,500 shs
Average Volume
516,044 shs
Market Capitalization
$26.58 billion
P/E Ratio
18.90
Dividend Yield
2.22%
Beta
1.04
30 days | 90 days | 365 days | Advanced Chart
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Fomento Económico Mexicano logo

About Fomento Económico Mexicano

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 chillers, 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. As of December 31, 2021, it operated 20,431 OXXO stores; 3,652 drugstores; and 567 OXXO GAS service stations. Fomento Económico Mexicano, S.A.B. de C.V. was founded in 1890 and is based in Monterrey, Mexico.

Headlines

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Industry, Sector and Symbol

Industry
Bottled & canned soft drinks
Sub-Industry
N/A
Employees
320,752
Year Founded
1993

Sales & Book Value

Annual Sales
$27.44 billion
Cash Flow
$7.72 per share
Book Value
$45.63 per share

Profitability

Net Income
$1.39 billion
Pretax Margin
6.77%

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$26.58 billion
Optionable
Optionable

Company Calendar

Last Earnings
5/02/2022
Ex-Dividend for 5/16 Dividend
5/03/2022
Dividend Payable
5/16/2022
Today
5/23/2022
Next Earnings (Estimated)
7/27/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.39 out of 5 stars

Consumer Staples Sector

66th out of 185 stocks

Bottled & Canned Soft Drinks Industry

4th out of 12 stocks

Analyst Opinion: 2.2Community Rank: 4.5Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -













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 1 sell rating, 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Fomento Económico Mexicano stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FMX, but not buy additional shares or sell existing shares.
View analyst ratings for Fomento Económico Mexicano
or view top-rated stocks.

When is Fomento Económico Mexicano's next earnings date?

Fomento Económico Mexicano is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022.
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) announced its quarterly earnings results on Monday, May, 2nd. The company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.94 by $0.27. The business earned $7.20 billion during the quarter, compared to analyst estimates of $6.83 billion. Fomento Económico Mexicano had a trailing twelve-month return on equity of 8.58% and a net margin of 4.84%.
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 announced a semi-annual dividend on Thursday, April 21st. Shareholders of record on Wednesday, May 4th will be given a dividend of $0.8483 per share on Monday, May 16th. This represents a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, May 3rd. This is a positive change from Fomento Económico Mexicano's previous semi-annual dividend of $0.57.
View Fomento Económico Mexicano's dividend history
.

Is Fomento Económico Mexicano a good dividend stock?

Fomento Económico Mexicano pays an annual dividend of $1.65 per share and currently has a dividend yield of 2.22%. The dividend payout ratio of Fomento Económico Mexicano is 41.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Fomento Económico Mexicano will have a dividend payout ratio of 34.88% 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 brokers have issued twelve-month price objectives for Fomento Económico Mexicano's shares. Their forecasts range from $68.00 to $106.00. On average, they anticipate Fomento Económico Mexicano's stock price to reach $88.40 in the next twelve months. This suggests a possible upside of 19.0% 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:
  • Mr. Jose Antonio Vicente Fernandez Carbajal, Exec. Chairman (Age 68)
  • Mr. Daniel Alberto Rodríguez Cofré, Chief Exec. Officer (Age 57)
  • Mr. Eugenio Garza Y. Garza, Chief Corp. Financial Officer, Director of Fin. & Corp. Devel. (Age 51)
  • Mr. Gerardo Estrada Attolini, VP of Admin. & Corp. Control (Age 65)
  • Mr. Juan F. Fonseca, VP of Investor Relations
  • Alejandro Gil Ortiz, Sec. of the Board of Directors & Gen. Counsel (Age 42)
  • Mr. Raymundo Yutani Vela, Director of HR
  • Mr. Alfonso Garza Garza, CEO of Negocios Estratégicos & Director (Age 60)
  • Mr. Francisco Camacho Beltrán, Chief Corp. Officer (Age 57)
  • Mr. Jose Antonio Fernandez Garza-Laguera, Chief Exec. Officer of Digital Division
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.

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 investors include Harding Loevner LP (2.74%), First Eagle Investment Management LLC (2.02%), Royal Bank of Canada (1.45%), abrdn plc (1.23%), Mitsubishi UFJ Trust & Banking Corp (0.63%) and BlackRock Inc. (0.56%).

Which major investors are selling Fomento Económico Mexicano stock?

FMX stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., JPMorgan Chase & Co., Invesco Ltd., Raymond James & Associates, Coronation Fund Managers Ltd., Mitsubishi UFJ Trust & Banking Corp, Royal Bank of Canada, and Assenagon Asset Management S.A..

Which major investors are buying Fomento Económico Mexicano stock?

FMX stock was acquired by a variety of institutional investors in the last quarter, including Harding Loevner LP, abrdn plc, BlackRock Inc., Pendal Group Ltd, Dimensional Fund Advisors LP, Morningstar Investment Services LLC, Bank of New York Mellon Corp, and Virtu Financial 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 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 $74.28.

How much money does Fomento Económico Mexicano make?

Fomento Económico Mexicano has a market capitalization of $26.58 billion and generates $27.44 billion in revenue each year. The company earns $1.39 billion in net income (profit) each year or $3.93 on an earnings per share basis.

How many employees does Fomento Económico Mexicano have?

Fomento Económico Mexicano employs 320,752 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.

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, via email at [email protected], or via fax at 01 81 83286080.

This page was last updated on 5/23/2022 by MarketBeat.com Staff

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