Fomento Económico Mexicano
About: Mexico-based Femsa is a beverage and retail conglomerate in Central and South America. The holding company owns controlling stakes in bottler Coca-Cola Femsa (47% economic stake, 56% voting rights), in addition to operating 100%-owned retail assets, including convenience stores under the Oxxo banner, drugstores, and gas stations. The firm divested its 15% stake in Heineken and its distribution business in 2023. Coca-Cola Femsa and the Oxxo chain made up 75% of total company revenue and over 90% of profits in 2024.
Employees: 392,000
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
59% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 22
30.46% more ownership
Funds ownership: 3.13% [Q1] → 33.59% (+30.46%) [Q2]
28% more repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 87
8% more capital invested
Capital invested by funds: $6.57B [Q1] → $7.09B (+$525M) [Q2]
3% more funds holding
Funds holding: 272 [Q1] → 279 (+7) [Q2]
25% less funds holding in top 10
Funds holding in top 10: 8 [Q1] → 6 (-2) [Q2]
27% less call options, than puts
Call options by funds: $10.7M | Put options by funds: $14.7M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
|
JP Morgan
Joseph Giordano
|
$96
|
Neutral
Maintained
|
15 Sep 2025 |
|
Citigroup
Renata Cabral
|
$97
|
Buy
Upgraded
|
9 Sep 2025 |
|
Morgan Stanley
Ricardo Alves
|
$97
|
Equal-Weight
Downgraded
|
19 Aug 2025 |
|
Barclays
Benjamin Theurer
|
$107
|
Equal-Weight
Maintained
|
31 Jul 2025 |
|
UBS
Rodrigo Alcantara
|
$115
|
Neutral
Maintained
|
10 Jul 2025 |
Financial journalist opinion
Based on 3 articles about FMX published over the past 30 days
