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 around 90% of profits in 2023.
Employees: 392,000
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
1 analyst rating
Goldman Sachs Thiago Bortoluci 33% 1-year accuracy 1 / 3 met price target | 7%upside $98 | Buy Maintained | 28 Jan 2025 |
Financial journalist opinion









