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NYSE:FMX

Fomento Económico Mexicano - FMX Stock Forecast, Price & News

$66.60
+0.58 (+0.88%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$65.61
$66.65
50-Day Range
$59.08
$70.87
52-Week Range
$58.73
$89.59
Volume
357,632 shs
Average Volume
545,388 shs
Market Capitalization
$23.83 billion
P/E Ratio
14.48
Dividend Yield
2.50%
Price Target
$84.71

Fomento Económico Mexicano MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
27.2% Upside
$84.71 Price Target
Short Interest
Healthy
1.05% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.16mentions of Fomento Económico Mexicano in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
19.84%
From $3.78 to $4.53 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.69 out of 5 stars

Consumer Staples Sector

20th out of 147 stocks

Bottled & Canned Soft Drinks Industry

3rd out of 9 stocks

FMX stock logo

About Fomento Económico Mexicano (NYSE:FMX) Stock

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.

Fomento Económico Mexicano Trading Up 0.9 %

Fomento Económico Mexicano stock traded up $0.58 during trading on Thursday, hitting $66.60. The company had a trading volume of 357,632 shares, compared to its average volume of 545,388. The company has a current ratio of 1.61, a quick ratio of 1.24 and a debt-to-equity ratio of 0.52. The company's 50 day simple moving average is $64.01 and its 200-day simple moving average is $72.44. Fomento Económico Mexicano has a 1-year low of $58.73 and a 1-year high of $89.59. The stock has a market cap of $23.83 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 1.99 and a beta of 0.95.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FMX shares. FIG Partners raised shares of Fomento Económico Mexicano from a "neutral" rating to an "outperform" rating and set a $90.00 target price on the stock in a research note on Wednesday, June 1st. HSBC downgraded shares of Fomento Económico Mexicano from a "hold" rating to a "reduce" rating and set a $68.00 price objective for the company. in a report on Thursday, May 5th. Bradesco Corretora upgraded Fomento Económico Mexicano from a "neutral" rating to an "outperform" rating and set a $90.00 target price on the stock in a report on Wednesday, June 1st. The Goldman Sachs Group reduced their price objective on Fomento Económico Mexicano from $104.00 to $89.00 and set a "buy" rating on the stock in a research report on Thursday, August 4th. Finally, Barclays dropped their target price on Fomento Económico Mexicano from $92.00 to $78.00 in a report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Fomento Económico Mexicano presently has an average rating of "Moderate Buy" and an average target price of $84.71.

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FMX Stock News Headlines

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FMX Company Calendar

Last Earnings
4/26/2018
Today
8/18/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

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
$84.71
High Stock Price Forecast
$92.00
Low Stock Price Forecast
$68.00
Forecasted Upside/Downside
+27.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$1.39 billion
Pretax Margin
6.77%

Debt

Sales & Book Value

Annual Sales
$27.44 billion
Cash Flow
$7.81 per share
Book Value
$45.65 per share

Miscellaneous

Free Float
N/A
Market Cap
$23.83 billion
Optionable
Optionable
Beta
0.95

Social Links


Key Executives

  • Mr. Jose Antonio Vicente Fernandez Carbajal (Age 68)
    Exec. Chairman
  • Mr. Daniel Alberto Rodríguez Cofré (Age 57)
    Chief Exec. Officer
  • Mr. Eugenio Garza Y. Garza (Age 51)
    Chief Corp. Financial Officer, Director of Fin. & Corp. Devel.
  • Mr. Gerardo Estrada Attolini (Age 65)
    VP of Admin. & Corp. Control
  • Mr. Juan F. Fonseca
    VP of Investor Relations
  • Alejandro Gil Ortiz (Age 42)
    Sec. of the Board of Directors & Gen. Counsel
  • Mr. Raymundo Yutani Vela
    Director of HR
  • Mr. Alfonso Garza Garza (Age 60)
    CEO of Negocios Estratégicos & Director
  • Mr. Francisco Camacho Beltrán (Age 57)
    Chief Corp. Officer
  • Mr. Jose Antonio Fernandez Garza-Laguera
    Chief Exec. Officer of Digital Division













FMX Stock - Frequently Asked Questions

Should I buy or sell Fomento Económico Mexicano stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fomento Económico Mexicano in the last year. There are currently 1 sell rating, 1 hold 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 2022?

7 analysts have issued 12-month price targets for Fomento Económico Mexicano's stock. Their FMX share price forecasts range from $68.00 to $92.00. On average, they expect the company's stock price to reach $84.71 in the next twelve months. This suggests a possible upside of 27.2% 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 2022?

Fomento Económico Mexicano's stock was trading at $77.71 at the beginning of 2022. Since then, FMX stock has decreased by 14.3% and is now trading at $66.60.
View the best growth stocks for 2022 here
.

Are investors shorting Fomento Económico Mexicano?

Fomento Económico Mexicano saw a increase in short interest in July. As of July 31st, there was short interest totaling 2,270,000 shares, an increase of 20.1% from the July 15th total of 1,890,000 shares. Based on an average trading volume of 605,200 shares, the short-interest ratio is currently 3.8 days. Currently, 1.1% 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 Thursday, October 27th 2022.
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) announced its quarterly earnings results on Thursday, April, 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by $0.33. The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.26 billion. Fomento Económico Mexicano had a trailing twelve-month return on equity of 9.84% and a net margin of 5.35%.

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 Thursday, April 21st. Shareholders of record on Wednesday, May 4th will be paid a dividend of $0.8483 per share on Monday, May 16th. This represents a yield of 1.8%. The ex-dividend date is Tuesday, May 3rd. This is an increase from the stock's previous semi-annual dividend of $0.57.
Read our dividend analysis for FMX
.

Is Fomento Económico Mexicano a good dividend stock?

Fomento Económico Mexicano (NYSE:FMX) pays an annual dividend of $1.65 per share and currently has a dividend yield of 2.50%. The dividend payout ratio is 35.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FMX will have a dividend payout ratio of 36.42% 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 abrdn plc (1.21%), Allspring Global Investments Holdings LLC (1.11%), Mitsubishi UFJ Trust & Banking Corp (0.56%), Comgest Global Investors S.A.S. (0.56%), JPMorgan Chase & Co. (0.50%) and Black Creek Investment Management Inc. (0.40%).

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 $66.60.

How much money does Fomento Económico Mexicano make?

Fomento Económico Mexicano (NYSE:FMX) has a market capitalization of $23.83 billion and generates $27.44 billion in revenue each year. The company earns $1.39 billion in net income (profit) each year or $4.60 on an earnings per share basis.

How many employees does Fomento Económico Mexicano have?

The company employs 320,752 workers across the globe.

When was Fomento Económico Mexicano founded?

Fomento Económico Mexicano was founded in 1993.

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 8/18/2022 by MarketBeat.com Staff

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