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S&P 500   3,852.36
DOW   32,920.46
QQQ   290.27
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Elon Musk Claims Solar Will Soon Power the World (Ad)
What You Need to Know About Annuity Withdrawals
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Elon Musk Claims Solar Will Soon Power the World (Ad)
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Buying The Dip In Colgate-Palmolive 
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DOW   32,920.46
QQQ   290.27
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Elon Musk Claims Solar Will Soon Power the World (Ad)
What You Need to Know About Annuity Withdrawals
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Elon Musk Claims Solar Will Soon Power the World (Ad)
Why Gold Can Be A Glistening Addition To Your Portfolio Right Now
Grab Shares Are Suddenly On Track To Double
Elon Musk Claims Solar Will Soon Power the World (Ad)
Buying The Dip In Colgate-Palmolive 
GE Healthcare Technology: Speculating On Dividends 
NYSE:FMX

Fomento Económico Mexicano - FMX Stock Forecast, Price & News

$86.03
-0.27 (-0.31%)
(As of 01/30/2023 12:00 AM ET)
Add
Compare
Today's Range
$85.80
$86.93
50-Day Range
$75.81
$86.44
52-Week Range
$58.73
$87.88
Volume
444,917 shs
Average Volume
502,697 shs
Market Capitalization
$30.88 billion
P/E Ratio
23.19
Dividend Yield
1.98%
Price Target
$88.53

Fomento Económico Mexicano MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
2.9% Upside
$88.53 Price Target
Short Interest
Healthy
0.63% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.32mentions of Fomento Económico Mexicano in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.51%
From $3.79 to $4.34 Per Share

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 stars

Consumer Staples Sector

89th out of 141 stocks

Bottled & Canned Soft Drinks Industry

5th out of 9 stocks


FMX stock logo

About Fomento Económico Mexicano (NYSE:FMX) Stock

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 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. Mugue

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FMX Stock News Headlines

The Next Big Crisis Is Here
You 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.
FEMSA (FMX) to Expand Digital Payments With NetPay Buyout
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? But now that the U.S. has classified it as "essential for America's National Defense"... one little-known company could become America's ONLY fully integrated graphite provider.
FEMSA (FMX) Earnings Beat Estimates in Q3, Revenues Miss
FEMSA Announces Third Quarter 2022 Results
FMX Fomento Económico Mexicano, S.A.B. de C.V.
FEMSA (FMX) Concludes Valora Buyout To Expand in Europe
FEMSA completes acquisition of Valora
Here's Why You Should Buy PepsiCo (PEP) Ahead of Q3 Earnings
See More Headlines
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FMX Company Calendar

Last Earnings
4/26/2018
Ex-Dividend for 11/17 Dividend
11/03/2022
Dividend Payable
11/17/2022
Today
1/31/2023
Next Earnings (Estimated)
2/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price 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 Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$1.39 billion
Pretax Margin
6.08%

Debt

Sales & Book Value

Annual Sales
$27.44 billion
Cash Flow
$7.72 per share
Book Value
$45.65 per share

Miscellaneous

Free Float
N/A
Market Cap
$30.88 billion
Optionable
Optionable
Beta
0.91

Social Links


Key Executives

  • Daniel Alberto R. Cofré
    Chief Executive Officer
  • Eugenio Garza Y. Garza
    CFO, Director-Finance & Corporate Development
  • Gerardo Estrada Attolini
    Vice President-Administration & Corporate Control
  • Roberto Rafael Campa Cifrián
    Vice President-Corporate Affairs
  • Francisco Camacho Beltrán
    Chief Corporate Officer













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