Fomento Económico Mexicano Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fomento Económico Mexicano in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Fomento Económico Mexicano stock.
View analyst ratings for Fomento Económico Mexicano or view top-rated stocks.

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.
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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.

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 for the quarter, missing the Zacks' consensus estimate of $0.94 by $0.51. The firm earned $6.84 billion during the quarter, compared to analysts' expectations of $6.43 billion. Fomento Económico Mexicano had a trailing twelve-month return on equity of 3.10% and a net margin of 1.85%.
View Fomento Económico Mexicano's earnings history.

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 30.9% and is now trading at $86.29.
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Fomento Económico Mexicano declared a semi-annual dividend on Friday, April 23rd. Shareholders of record on Wednesday, May 5th will be given a dividend of $0.5771 per share on Monday, May 17th. This represents a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, May 4th.
View Fomento Económico Mexicano's dividend history.

Fomento Económico Mexicano pays an annual dividend of $0.56 per share and currently has a dividend yield of 0.64%. 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.

5 analysts have issued twelve-month price objectives for Fomento Económico Mexicano's shares. Their forecasts range from $76.00 to $200.00. On average, they anticipate Fomento Económico Mexicano's share price to reach $114.20 in the next year. This suggests a possible upside of 32.3% from the stock's current price.
View analysts' price targets for Fomento Económico Mexicano or view top-rated stocks among Wall Street analysts.

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.

Some companies that are related to Fomento Económico Mexicano include Coca-Cola FEMSA (KOF), Monster Beverage (MNST), Coca-Cola Europacific Partners (CCEP), Coca-Cola HBC (CCHGY), Celsius (CELH), National Beverage (FIZZ), Coca-Cola Consolidated (COKE), Britvic (BTVCY), Primo Water (PRMW), Zevia PBC (ZVIA), Reed's (REED), Matchaah (MCHA) and Seawright (SWRI).
View all of FMX's competitors.

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).

Fomento Económico Mexicano trades on the New York Stock Exchange (NYSE) under the ticker symbol "FMX."

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%).

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.

FMX stock was purchased 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..

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.
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One share of FMX stock can currently be purchased for approximately $86.29.

Fomento Económico Mexicano has a market capitalization of $30.88 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.

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

Fomento Económico Mexicano was founded in 1993.

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

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

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].