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
0
Funds holding %
of 6,823 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: $7.61B [Q2] → $6.71B (-$899M) [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
$118
39%
upside
Avg. target
$118
39%
upside
High target
$118
39%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Barclays Benjamin Theurer 38% 1-year accuracy 13 / 34 met price target | 39%upside $118 | Overweight Maintained | 30 Oct 2024 |
Financial journalist opinion
Based on 3 articles about FMX published over the past 30 days
Positive
Zacks Investment Research
6 days 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.
Positive
Zacks Investment Research
2 weeks 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.
Neutral
GlobeNewsWire
2 weeks 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.
Positive
Seeking Alpha
1 month 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.
Neutral
Zacks Investment Research
1 month 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.
Positive
Zacks Investment Research
2 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.
Neutral
Business Wire
2 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.
Neutral
GlobeNewsWire
2 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.
Positive
Zacks Investment Research
2 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.
Neutral
GlobeNewsWire
2 months ago
FEMSA announces agreement with AMMI, affiliate of Milenio Capital, to divest FEMSA's plastics solutions operations
MONTERREY, Mexico, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced it has reached a definitive agreement with AMMI, a leading holding company focused in the production of non-GMO corn and sustainable plastic packaging, affiliate of Milenio Capital, to divest FEMSA's plastics solutions operations, for a total amount of $3,165 million pesos, on a cash-free, debt-free basis.
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