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)
67% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 21
49% more call options, than puts
Call options by funds: $4.98M | Put options by funds: $3.34M
28.44% more ownership
Funds ownership: 3.13% [Q1] → 31.57% (+28.44%) [Q2]
25% more repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 87
2% more funds holding
Funds holding: 271 [Q1] → 276 (+5) [Q2]
1% more capital invested
Capital invested by funds: $6.57B [Q1] → $6.67B (+$96.6M) [Q2]
25% less funds holding in top 10
Funds holding in top 10: 8 [Q1] → 6 (-2) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Morgan Stanley Ricardo Alves | 12%upside $97 | Equal-Weight Downgraded | 19 Aug 2025 |
Barclays Benjamin Theurer | 23%upside $107 | Equal-Weight Maintained | 31 Jul 2025 |
UBS Rodrigo Alcantara | 32%upside $115 | Neutral Maintained | 10 Jul 2025 |
Financial journalist opinion
Based on 4 articles about FMX published over the past 30 days
