Fomento Económico Mexicano - FMX Stock Forecast, Price & News

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.

6 brokers have issued 1-year price targets for Fomento Económico Mexicano's shares. Their FMX share price forecasts range from $68.00 to $109.20. On average, they expect the company's stock price to reach $89.04 in the next twelve months. This suggests a possible upside of 6.7% from the stock's current price.
View analysts price targets for FMX or view top-rated stocks among Wall Street analysts.

Fomento Económico Mexicano's stock was trading at $78.12 at the beginning of 2023. Since then, FMX stock has increased by 6.8% and is now trading at $83.43.
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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 volume of 608,800 shares, the days-to-cover ratio is presently 3.6 days. Currently, 1.0% of the shares of the stock are short sold.
View Fomento Económico Mexicano's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
View our FMX earnings forecast.

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) issued its earnings results 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 firm earned $6.15 billion during the quarter, compared to analysts' expectations of $6.26 billion. Fomento Económico Mexicano had a trailing twelve-month return on equity of 10.38% and a net margin of 4.56%.

Fomento Económico Mexicano announced a semi-annual dividend on Friday, October 21st. Investors of record on Friday, November 4th will be paid a dividend of $0.847 per share on Thursday, November 17th. This represents a yield of 2.1%. The ex-dividend date is Thursday, November 3rd.
Read our dividend analysis for FMX.

Fomento Económico Mexicano (NYSE:FMX) pays an annual dividend of $1.71 per share and currently has a dividend yield of 2.01%. 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 39.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FMX.

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.

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 a variety of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.96%), INCA Investments LLC (0.00%), Strs Ohio (0.14%), Assenagon Asset Management S.A. (0.08%), State of New Jersey Common Pension Fund D (0.00%) and Janney Capital Management LLC (0.00%).

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.
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One share of FMX stock can currently be purchased for approximately $83.43.

The company employs 320,752 workers across the globe.

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.