FMX icon

Fomento Económico Mexicano

91.11 USD
+1.40
1.56%
At close Feb 14, 4:00 PM EST
After hours
91.11
+0.00
0.00%
1 day
1.56%
5 days
2.93%
1 month
9.00%
3 months
-0.05%
6 months
-18.98%
Year to date
6.66%
1 year
-35.91%
5 years
-4.36%
10 years
2.19%
 

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 around 90% of profits in 2023.

Employees: 392,000

0
Funds holding %
of 6,831 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

28% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 32

1% more funds holding

Funds holding: 305 [Q2] → 309 (+4) [Q3]

0.13% less ownership

Funds ownership: 3.31% [Q2] → 3.18% (-0.13%) [Q3]

5% less call options, than puts

Call options by funds: $10.1M | Put options by funds: $10.6M

12% less capital invested

Capital invested by funds: $7.64B [Q2] → $6.71B (-$936M) [Q3]

20% less funds holding in top 10

Funds holding in top 10: 10 [Q2] → 8 (-2) [Q3]

21% less repeat investments, than reductions

Existing positions increased: 92 | Existing positions reduced: 116

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target
$98
7%
upside
Avg. target
$98
7%
upside
High target
$98
7%
upside

1 analyst rating

positive
100%
neutral
0%
negative
0%
Goldman Sachs
Thiago Bortoluci
33% 1-year accuracy
1 / 3 met price target
7%upside
$98
Buy
Maintained
28 Jan 2025

Financial journalist opinion

Neutral
GlobeNewsWire
3 days ago
FEMSA Schedules Conference Call to Discuss Fourth Quarter and Full Year 2024 Financial Results
MONTERREY, Mexico, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) is pleased to invite you to participate in its Fourth Quarter and Full Year 2024 Conference Call that will be held on:
FEMSA Schedules Conference Call to Discuss Fourth Quarter and Full Year 2024 Financial Results
Positive
Zacks Investment Research
1 month ago
FEMSA Stock Declines 36% in a Year: Buy the Dip or Wait for Now?
FMX remains on track for growth on effective growth strategies and strong market demand. It is progressing well on the FEMSA Forward Strategy.
FEMSA Stock Declines 36% in a Year: Buy the Dip or Wait for Now?
Positive
Zacks Investment Research
1 month ago
FMX Divests Plastics Solutions to AMMI, Progresses Well on Forward Plan
Fomento progresses smoothly on its Forward plan. The company divests its plastics solutions operations to AMMI.
FMX Divests Plastics Solutions to AMMI, Progresses Well on Forward Plan
Neutral
GlobeNewsWire
1 month ago
FEMSA completes divestiture of its plastics solutions operations to AMMI, affiliate of Milenio Capital
MONTERREY, Mexico, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today the successful closing of its previously disclosed divestiture on October 28, 2024, of its plastics solutions operations to AMMI, a leading diversified corporation focused on the production of non-GMO corn and sustainable plastic packaging, an affiliate of Milenio Capital. The transaction amount was $3,165 million pesos, on a cash-free, debt-free basis.
FEMSA completes divestiture of its plastics solutions operations to AMMI, affiliate of Milenio Capital
Positive
Seeking Alpha
2 months ago
FEMSA Looks Like A Terrific Contrarian Pick In Times Of Fear For Mexico
FEMSA is a collection of high-quality businesses, mostly in Latin America, and has seen its stock price falter in recent quarters. The company has diverse operations, including Coca-Cola FEMSA, OXXO convenience stores, a growing health division, and a fuel services business. Potential international trade tariffs look to have little direct impact on FEMSA's businesses.
FEMSA Looks Like A Terrific Contrarian Pick In Times Of Fear For Mexico
Neutral
Zacks Investment Research
2 months ago
The Zacks Analyst Blog GE Aerospace, Fomento Economico, Waste Management and Aware
GE Aerospace, Fomento Economico, Waste Management and Aware are included in this Analyst Blog.
The Zacks Analyst Blog GE Aerospace, Fomento Economico, Waste Management and Aware
Positive
Zacks Investment Research
3 months ago
FEMSA Sells Refrigeration and Foodservice Division to Mill Point
FMX sells its refrigeration and food service operations to Mill Point Capital, aiming to enhance long-term value by focusing on core business areas.
FEMSA Sells Refrigeration and Foodservice Division to Mill Point
Neutral
Business Wire
3 months ago
Mill Point Capital Completes Acquisition of AeriTek Global LLC
KENNESAW, Ga.--(BUSINESS WIRE)--An affiliate of Mill Point Capital LLC ("Mill Point Capital"), a New York City-based private equity firm, announced today the completion of its previously announced acquisition of the commercial refrigeration and foodservice equipment businesses of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE: FMX) (“FEMSA”), doing business as Imbera and Torrey (collectively AeriTek Global LLC, “AeriTek” or the “Company”), in a single corporate carve-out transaction. The succ.
Mill Point Capital Completes Acquisition of AeriTek Global LLC
Neutral
GlobeNewsWire
3 months ago
FEMSA completes divestiture of its refrigeration and foodservice equipment operations to Mill Point Capital
MONTERREY, Mexico, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today the successful closing of its previously disclosed divestiture on July 17, 2024, with Mill Point Capital LLC, of its refrigeration and foodservice equipment operations, Imbera and Torrey, for a total amount of $8,000 million pesos, on a cash-free, debt-free basis.
FEMSA completes divestiture of its refrigeration and foodservice equipment operations to Mill Point Capital
Positive
Zacks Investment Research
3 months ago
FEMSA Q3 Earnings Decline Y/Y, Sales Improve on Segmental Growth
FMX's Q3 results reflect revenue growth across all operating segments. Favorable currency effects from the depreciation of the Mexican Peso also aid the top line.
FEMSA Q3 Earnings Decline Y/Y, Sales Improve on Segmental Growth
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