Fomento Economico (NYSE:FMX) Azioni

Fomento Economico

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.

Fomento Economico Mexicano S.A.B. de C.V. Common Stock

Fomento Economico Mexicano SAB de CV

FOMENTO ECONOMIC MEX UTS by Fomento Economico Mexicano SAB

AMILOT CAPITAL INC by Amilot Capital Inc.

Amilot Capital Inc

WIIM

ABEV

ANDE

BRBR

BRFS

CART

CASY

CELH

CENT

CENTA

COCO

COKE

COST

COTY

FIZZ

Fomento Economico Mexicano S.A.B. De C.V.

FRPT

HFFG

HNST

IPAR

ISPR

MDLZ

MGPI

MNST

PFGC

PSMT

SNYR

TBBB

UNFI

UPXI

USFD

USNA

WALD

WEST

Shares of consumer staple companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

Itau BBA analyst Alejandro Fuchs upgrades Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) from Market Perform to Outperform.

News

Upgrades

Analyst Ratings

Itau BBA Upgrades Fomento Economico to Outperform

UBS analyst Rodrigo Alcantara maintains Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) with a Neutral and raises the price target from $94 to $107.

Price Target

UBS Maintains Neutral on Fomento Economico, Raises Price Target to $107

Barclays analyst Benjamin Theurer maintains Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) with a Equal-Weight and raises the price target from $99 to $102.

Barclays Maintains Equal-Weight on Fomento Economico, Raises Price Target to $102

Fomento Economico Mexicano shares are trading higher. The company reported Q4 financial results.

Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) reported $10.381 billion in sales this quarter. This is a 4.08 percent decrease over sales of $10.822 billion the same period last year.

Earnings

Fomento Economico Q4 Net majority income  US$0.91 per FEMSA ADS , Total revenues US $10.381B Down From $10.822B YoY

BF/A

BF/B

WVVI

Shares of alcohol stocks are trading lower as investors assess U.S. tariff risks which may negatively impact the industry.

Goldman Sachs analyst Thiago Bortoluci maintains Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) with a Buy and lowers the price target from $109 to $97.8.

Goldman Sachs Maintains Buy on Fomento Economico, Lowers Price Target to $97.8

These nine large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) stock plummeted 20.93%. Short-seller Hindenburg Research&#8216;s critical report intensified bearish sentiment, describing <a href="https://www.benzinga.com//node/42784518" target="_blank" rel="noreferrer noopener">Carvana&#8217;s turnaround as a &#8220;mirage.</a>&#8221; </li>
<li>SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) shares declined 10.60% after Keefe, Bruyette &amp; Woods downgraded the stock from <a href="https://www.benzinga.com/quote/SOfi/analyst-ratings" target="_blank" rel="noreferrer noopener">Market Perform to Underperform</a>.</li>
<li>Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>) shares fell 10.40%.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares tumbled 9.62% after the company disclosed fourth-quarter <a href="https://www.benzinga.com//node/42766117" target="_blank" rel="noreferrer noopener">production and delivery figures</a>. Analysts revised the <a href="https://www.benzinga.com//node/42786667" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
<li>Kinsale Capital Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNSL#NYSE">KNSL</a>) shares dipped 9.45% after JP Morgan cut its price forecast <a href="https://www.benzinga.com/quote/knsl/analyst-ratings" target="_blank" rel="noreferrer noopener">on the stock from $415 to $412</a>.</li>
<li>Brown Forman Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) shares decreased 8.20% last week after U.S. Surgeon General Murthy issued an advisory warning alcohol consumption could raise cancer risk.</li>
<li>Trip.com Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) stock was down 7.47%. Citigroup raised its price forecast <a href="https://www.benzinga.com/quote/tcom/analyst-ratings" target="_blank" rel="noreferrer noopener">on the stock from $73 to $78</a>.</li>
<li>Fomento Economico Mexicano S.A.B. de C.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) stock lost 7.47% last week after U.S. Surgeon General Murthy issued an advisory warning alcohol consumption could raise cancer risk.</li>
<li>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) stock fell 9.47%.</li>
</ol>
Image via Tesla

Large Cap

Movers

Trading Ideas

CVNA

KNSL

SOFI

TCOM

TSLA

YUMC

Tesla, SoFi Technologies And Alcohol Stocks Were Among Top Large Cap Losers Last Week (Dec 30-Jan 3): Are The Others In Your Portfolio?

Shares of alcohol stocks are trading lower after US Surgeon General Murthy issued an advisory warning alcohol consumption could raise cancer risk.

General

Shares of US-listed Mexican stocks are trading lower after Donald Trump was elected president of the United States.

Barclays analyst Benjamin Theurer maintains Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) with a Overweight and lowers the price target from $125 to $118.

Barclays Maintains Overweight on Fomento Economico, Lowers Price Target to $118

This transaction represents an additional step in the continued execution of the FEMSA Forward plan that was communicated in February of 2023. The transaction is expected to close in the following months.

Asset Sales

FEMSA Reaches Definitive Agreement With AMMI To Divest Its Plastics Solutions Operations For Total Amount Of $3.165B Pesos

Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) reported quarterly earnings of $0.84 per share which missed the analyst consensus estimate of $1.06 by 20.75 percent. The company reported quarterly sales of $10.402 billion which beat the analyst consensus estimate of $10.143 billion by 2.56 percent. This is a 5.64 percent decrease over sales of $11.024 billion the same period last year.

Earnings Beats

Earnings Misses

Fomento Economico Q3 2024 GAAP EPS $0.84 Misses $1.06 Estimate, Sales $10.402B Beat $10.143B Estimate

Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) is set to give its latest quarterly earnings report on Monday, 2024-10-28. Here's what investors need to know before the announcement.
Analysts estimate that Fomento Economico will report an earnings per share (EPS) of $1.05. 
Fomento Economico bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Earnings History Snapshot</h3>
Last quarter the company beat EPS by $0.72, which was followed by a 2.54% drop in the share price the next day.
Here's a look at Fomento Economico's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.21</td>
<td>1</td>
<td>1.61</td>
<td>1.4</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.93</td>
<td>0.49</td>
<td>1.46</td>
<td>1.5</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-3.0%</td>
<td>3.0%</td>
<td>-11.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729864847_0.png" alt="eps graph" />
<h3>Analyst Views on Fomento Economico</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Fomento Economico.
Analysts have provided Fomento Economico with 2 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands at $117.0, suggesting a potential 21.19% upside.
<h3>Analyzing Analyst Ratings Among Peers</h3>
The analysis below examines the analyst ratings and average 1-year price targets of Coca-Cola, Monster Beverage and Keurig Dr Pepper, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.
<ul>
<li>Coca-Cola is maintaining an Outperform status according to analysts, with an average 1-year price target of $77.2, indicating a potential 20.03% downside.</li>
<li>The prevailing sentiment among analysts is an Neutral trajectory for Monster Beverage, with an average 1-year price target of $53.17, implying a potential 44.92% downside.</li>
<li>The consensus outlook from analysts is an Outperform trajectory for Keurig Dr Pepper, with an average 1-year price target of $40.67, indicating a potential 57.87% downside.</li>
</ul>
<h3>Analysis Summary for Peers</h3>
Within the peer analysis summary, vital metrics for Coca-Cola, Monster Beverage and Keurig Dr Pepper are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>PepsiCo</td>
<td>Neutral</td>
<td>-0.57%</td>
<td>$12.92B</td>
<td>15.06%</td>
</tr>
<tr>
<td>Coca-Cola</td>
<td>Outperform</td>
<td>-4.12%</td>
<td>$7.55B</td>
<td>10.88%</td>
</tr>
<tr>
<td>Monster Beverage</td>
<td>Neutral</td>
<td>2.46%</td>
<td>$1.02B</td>
<td>5.89%</td>
</tr>
<tr>
<td>Keurig Dr Pepper</td>
<td>Outperform</td>
<td>3.51%</td>
<td>$2.17B</td>
<td>2.09%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Fomento Economico ranks at the top for Gross Profit and Return on Equity among its peers. It is in the middle for Revenue Growth.
<h3>Unveiling the Story Behind Fomento Economico</h3>
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.
<h3>Breaking Down Fomento Economico's Financial Performance</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Positive Revenue Trend: Examining Fomento Economico's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 12.18% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Consumer Staples sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Fomento Economico's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 6.34%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Fomento Economico's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 4.47%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Fomento Economico's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.56%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Fomento Economico's debt-to-equity ratio stands notably higher than the industry average, reaching 0.82. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<a href="https://www.benzinga.com/quote/FMX/earnings">To track all earnings releases for Fomento Economico visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Fomento Economico Earnings Preview

Barclays analyst Benjamin Theurer maintains Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) with a Overweight and lowers the price target from $145 to $125.

Barclays Maintains Overweight on Fomento Economico, Lowers Price Target to $125

Fomento Económico Mexicano, S.A.B. de C.V. ("FEMSA" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>, BMV:<a class="ticker" href="https://www.benzinga.com/stock/FEMSAUBD#BMV">FEMSAUBD</a>, FEMSAUB)))) announced it has reached a definitive agreement with Grupo Traxión, S.A.B. de C.V (BMV:<a class="ticker" href="https://www.benzinga.com/stock/TRAXIONA#BMV">TRAXIONA</a>), a leading transportation and logistics company based in Mexico, to divest certain of FEMSA's logistics operations doing business as Solistica. The transaction includes FEMSA's transportation management operations in Mexico, as well as its contract logistics operations in Mexico, Colombia and Brazil. The transaction does not include FEMSA's LTL (less-than-truckload) operations in Brazil. &nbsp;
Total consideration for this transaction will be of approximately $4,060 million Mexican pesos, on a cash-free, debt-free basis.
This transaction represents an additional step in the continued execution of the FEMSA Forward plan that was communicated in February of 2023. The transaction is subject to regulatory approvals and other customary conditions and is expected to close in the following months.

BMV:FEMSAUBD

BMV:TRAXIONA

FEMSA Announces Agreement With TRAXIÓN To Divest Certain Of FEMSA's Logistics Operations; Total Consideration For This Transaction Will Be Of ~4.06 Billion Mexican Pesos, On A Cash-Free, Debt-Free Basis.

JP Morgan analyst Joseph Giordano downgrades Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) from Overweight to Neutral and raises the price target from $104 to $109.

Downgrades

JP Morgan Downgrades Fomento Economico to Neutral, Raises Price Target to $109

Fomento Economico Mexicano shares are trading lower. The company reported Q2 financial results.

Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) reported quarterly earnings of $1.93 per share which beat the analyst consensus estimate of $1.17 by 64.96 percent. The company reported quarterly sales of $11.539 billion which beat the analyst consensus estimate of $11.115 billion by 3.82 percent. This is a 2.93 percent increase over sales of $11.210 billion the same period last year.

Fomento Economico Q2 2024 GAAP EPS $1.93 Beats $1.17 Estimate, Sales $11.539B Beat $11.115B Estimate

Press Releases

FEMSA Announces Third Quarter 2024 Results

FEMSA announces agreement with AMMI, affiliate of Milenio Capital, to divest FEMSA's plastics solutions operations

FEMSA completes divestiture of its refrigeration and foodservice equipment operations to Mill Point Capital

Mill Point Capital Completes Acquisition of AeriTek Global LLC

FEMSA completes divestiture of its plastics solutions operations to AMMI, affiliate of Milenio Capital

FEMSA Schedules Conference Call to Discuss Fourth Quarter and Full Year 2024 Financial Results

FEMSA Announces Fourth Quarter and Full Year 2024 Results

FEMSA Announces the date for its Annual Shareholders' Meeting

FEMSA Shareholders' Meeting Resolutions

FEMSA Schedules Conference Call to Discuss First Quarter Financial Results

BMV:FEMSAUB

Embotelladora Andina S.A. Common Stock

Celsius Holdings

The Vita Coco Company, Inc. - Common Stock

Vita Coco

Coca-Cola Consolidated, Inc. - Common Stock

Coca-Cola Consolidated

National Beverage

Keurig Dr Pepper

Coca-Cola

Coca Cola Femsa S.A.B. de C.V. American Depositary Shares, each representing 10 Units (each Unit consists of 3 Series B Shares and 5 Series L Shares)

Comments

Fomento Economico

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO