NYSE:FMX

Fomento Económico Mexicano Stock Forecast, Price & News

$80.79
-0.21 (-0.26 %)
(As of 04/9/2021 12:00 AM ET)
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Today's Range
$80.41
Now: $80.79
$81.34
50-Day Range
$68.32
MA: $73.87
$81.00
52-Week Range
$52.91
Now: $80.79
$81.34
Volume249,629 shs
Average Volume532,947 shs
Market Capitalization$28.91 billion
P/E Ratio81.61
Dividend Yield1.84%
Beta0.97
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, including low-sugar or sugar-free carbonated beverages; refreshing juices, nectars, and fruit-based drinks; purified, and carbonated and flavored water; coffees, teas, and sports and energy drinks; and dairy products and products based on vegetable protein. It also operates small-box retail chain stores in Mexico, Colombia, Peru, the United States, 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 coolers, commercial refrigeration equipment, and plastic cases; food processing, preservation, and weighing equipment; and provision of logistic transportation and maintenance, point-of-sale refrigeration, and plastics solutions, as well as distribution platform for cleaning products and consumables. As of December 31, 2020, it operated 19,566 OXXO small-format stores; 3,368 drugstores; and 558 OXXO GAS service stations. Fomento Económico Mexicano, S.A.B. de C.V. was founded in 1890 and is headquartered in Monterrey, Mexico.
Fomento Económico Mexicano logo

Industry, Sector and Symbol

Industry Bottled & canned soft drinks
Sub-IndustryN/A
CUSIPN/A
Phone52-81-8328-6167
Employees320,252
Year Founded1993

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$26.33 billion
Cash Flow$7.36 per share
Book Value$48.27 per share

Profitability

Net Income$1.10 billion

Miscellaneous

Market Cap$28.91 billion
Next Earnings Date4/29/2021 (Confirmed)
OptionableOptionable

Headlines

FEMSA Shareholders' Meeting Resolutions
March 24, 2021 |  finance.yahoo.com
Earnings Outlook For Fomento Economico
February 26, 2021 |  finance.yahoo.com
Fomento Economico Mexicano S.A.B. de C.V. ADR
February 5, 2021 |  barrons.com
Fomento Economico Mexicano SAB (ADR)
January 27, 2021 |  reuters.com
See More Headlines

MarketRank

Overall MarketRank

2.05 out of 5 stars

Consumer Staples Sector

25th out of 300 stocks

Bottled & Canned Soft Drinks Industry

1st out of 15 stocks

Analyst Opinion: 3.3Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -
$80.79
-0.21 (-0.26 %)
(As of 04/9/2021 12:00 AM ET)
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Fomento Económico Mexicano (NYSE:FMX) Frequently Asked Questions

Is Fomento Económico Mexicano a buy right now?

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

What stocks does MarketBeat like better than Fomento Económico Mexicano?

Wall Street analysts have given Fomento Económico Mexicano a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Fomento Económico Mexicano wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Fomento Económico Mexicano?

Fomento Económico Mexicano saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 653,900 shares, a decrease of 23.3% from the February 28th total of 852,800 shares. Based on an average daily volume of 518,600 shares, the short-interest ratio is presently 1.3 days.
View Fomento Económico Mexicano's Short Interest
.

When is Fomento Económico Mexicano's next earnings date?

Fomento Económico Mexicano is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 2021.
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) released its earnings results on Monday, March, 1st. The company reported ($0.17) earnings per share (EPS) for the quarter. The business earned $6.35 billion during the quarter, compared to analyst estimates of $6.32 billion. Fomento Económico Mexicano had a net margin of 1.21% and a trailing twelve-month return on equity of 2.70%.
View Fomento Económico Mexicano's earnings history
.

How has Fomento Económico Mexicano's stock price been impacted by COVID-19 (Coronavirus)?

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 shares have increased by 22.5% and is now trading at $80.79.
View which stocks have been most impacted by COVID-19
.

How often does Fomento Económico Mexicano pay dividends? What is the dividend yield for Fomento Económico Mexicano?

Fomento Económico Mexicano announced a -- dividend on Tuesday, October 20th. Stockholders of record on Wednesday, November 4th will be given a dividend of $0.7333 per share on Monday, November 16th. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, November 3rd.
View Fomento Económico Mexicano's dividend history
.

Is Fomento Económico Mexicano a good dividend stock?

Fomento Económico Mexicano pays an annual dividend of $1.49 per share and currently has a dividend yield of 1.84%. The dividend payout ratio of Fomento Económico Mexicano is 48.53%. 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 55.60% next year. This indicates that Fomento Económico Mexicano will be able to sustain or increase its dividend.
View Fomento Económico Mexicano's dividend history.

What price target have analysts set for FMX?

4 Wall Street analysts have issued 1 year price objectives for Fomento Económico Mexicano's stock. Their forecasts range from $75.00 to $200.00. On average, they anticipate Fomento Económico Mexicano's stock price to reach $112.50 in the next twelve months. This suggests a possible upside of 39.2% 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 67)
  • Mr. Javier Gerardo Astaburuaga Sanjines, VP & Director (Age 62)
  • Mr. Miguel Eduardo Padilla Silva, CEO & Director (Age 66)
  • Mr. Eugenio Garza Y. Garza, Director of Fin. & Corp. Devel. (Age 49)
  • Mr. Gerardo Estrada Attolini, Director of Admin. & Corp. Control (Age 64)
  • Mr. Juan F. Fonseca, VP of Investor Relations
  • Mr. Carlos Eduardo Aldrete Ancira, Gen. Counsel & Sec. (Age 65)
  • Mr. Raymundo Yutani Vela, Sr. VP of HR
  • Mr. Alfonso Garza Garza, CEO of Strategic Bus.es & Director (Age 59)
  • Mr. Francisco Camacho Beltrán, Chief Corp. Officer

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.

Who are some of Fomento Económico Mexicano's key competitors?

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 OLD Dominion Capital Management Inc. (0.01%) and Confluence Investment Management LLC (0.00%).

Which institutional investors are selling Fomento Económico Mexicano stock?

FMX stock was sold by a variety of institutional investors in the last quarter, including OLD Dominion Capital Management Inc..

Which institutional investors are buying Fomento Económico Mexicano stock?

FMX stock was purchased by a variety of institutional investors in the last quarter, including Confluence Investment Management 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 $80.79.

How much money does Fomento Económico Mexicano make?

Fomento Económico Mexicano has a market capitalization of $28.91 billion and generates $26.33 billion in revenue each year. The company earns $1.10 billion in net income (profit) each year or $3.07 on an earnings per share basis.

How many employees does Fomento Económico Mexicano have?

Fomento Económico Mexicano employs 320,252 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.

Where are Fomento Económico Mexicano's headquarters?

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

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 52-81-8328-6167 or via email at [email protected]


This page was last updated on 4/10/2021 by MarketBeat.com Staff
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