Fomento Economico Mexicano Stock Today

FMX Stock  USD 89.39  3.58  4.17%   

Performance

0 of 100

 
Weak
 
Strong
Very Weak

Odds Of Distress

Less than 8

 
High
 
Low
Low
Fomento Economico is trading at 89.39 as of the 30th of November 2024; that is 4.17% increase since the beginning of the trading day. The stock's open price was 85.81. Fomento Economico has only a 8 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Note, on July 9, 2024, Representative Josh Gottheimer of US Congress acquired under $15k worth of Fomento Economico's common stock.
Business Domain
Food, Beverage & Tobacco
IPO Date
11th of May 1998
Category
Consumer Defensive
Classification
Consumer Staples
Fomento Econmico Mexicano, S.A.B. de C.V., through its subsidiaries, operates as a bottler of Coca-Cola trademark beverages. Fomento Econmico Mexicano, S.A.B. de C.V. was founded in 1890 and is based in Monterrey, Mexico. Fomento Economico operates under BeveragesBrewers classification in the United States and is traded on New York Stock Exchange. The company has 357.82 M outstanding shares of which 2.26 M shares are currently shorted by investors with about 3.29 days to cover. More on Fomento Economico Mexicano

Moving against Fomento Stock

  0.78FDP Fresh Del MontePairCorr
  0.75FTFT Future Fintech GroupPairCorr
  0.71FRPT Freshpet Potential GrowthPairCorr
  0.69MO Altria GroupPairCorr
  0.68LW Lamb Weston HoldingsPairCorr
  0.6K KellanovaPairCorr

Fomento Stock Highlights

ESG Sustainability
Environmental
Governance
Social
CEODaniel Cofre
Thematic Ideas
(View all Themes)
Old NameFomento Economico Mexicano SAB de CV ADR
Business ConcentrationSoft Drinks & Non-alcoholic Beverages, Food, Beverage & Tobacco, Consumer Defensive, NYSE Composite, Beers, Soft Drinks, Candy and Soda, Consumer Staples, Beverages, Beverages—Brewers, Consumer Defensive (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.05750.0815
Way Down
Very volatile
Asset Turnover0.90.872
Sufficiently Up
Pretty Stable
Gross Profit Margin0.470.3978
Fairly Up
Pretty Stable
Net Debt39.1 B67.8 B
Way Down
Slightly volatile
Total Current Liabilities195.6 B186.3 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total252.4 B240.4 B
Sufficiently Up
Slightly volatile
Total Assets846.1 B805.8 B
Sufficiently Up
Slightly volatile
Total Current Assets374 B356.2 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities30.2 B49.7 B
Way Down
Slightly volatile
Debt Levels
Fomento Economico can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Fomento Economico's financial leverage. It provides some insight into what part of Fomento Economico's total assets is financed by creditors.
Liquidity
Fomento Economico Mexicano has 232.9 B in debt with debt to equity (D/E) ratio of 0.77, which is OK given its current industry classification. Fomento Economico has a current ratio of 1.38, which is typical for the industry and considered as normal. Note however, debt could still be an excellent tool for Fomento to invest in growth at high rates of return.

Total Cash From Operating Activities

30.19 Billion
Fomento Economico Mexicano (FMX) is traded on New York Stock Exchange in USA. It is located in General Anaya Nº 601 Pte., Monterrey, NL, Mexico, 64410 and employs 392,287 people. Fomento Economico is listed under Soft Drinks & Non-alcoholic Beverages category by Fama And French industry classification. The company currently falls under 'Mega-Cap' category with a total capitalization of 152.83 B. Fomento Economico runs under Beverages sector within Consumer Staples industry. The entity has 357.82 M outstanding shares of which 2.26 M shares are currently shorted by investors with about 3.29 days to cover. Fomento Economico Mexicano has about 43.84 B in cash with 49.68 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 295.95.
Check Fomento Economico Probability Of Bankruptcy
Ownership Allocation
Fomento Economico holds a total of 357.82 Million outstanding shares. 30% of Fomento Economico Mexicano outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that on July 9, 2024, Representative Josh Gottheimer of US Congress acquired under $15k worth of Fomento Economico's common stock.
Check Fomento Ownership Details

Fomento Stock Institutional Holders

InstituionRecorded OnShares
Hawk Ridge Management Llc2024-09-30
M
Black Creek Investment Management Inc2024-09-30
M
Bank Of America Corp2024-06-30
877 K
Macquarie Group Ltd2024-06-30
853.2 K
La Financière De L'echiquier2024-06-30
776.2 K
Perpetual Ltd2024-06-30
682.5 K
Samlyn Capital, Llc2024-09-30
672.3 K
Citigroup Inc2024-09-30
645.2 K
Antipodes Partners Limited2024-09-30
635.5 K
Arnhold & S. Bleichroeder Advisers, Llc2024-09-30
10.5 M
Harding Loevner L.p.2024-06-30
6.8 M
View Fomento Economico Diagnostics

Fomento Economico Historical Income Statement

At this time, Fomento Economico's Cost Of Revenue is fairly stable compared to the past year. Total Operating Expenses is likely to rise to about 232.7 B in 2024, whereas Total Other Income Expense Net is likely to drop (491.4 M) in 2024. View More Fundamentals

Fomento Stock Against Markets

Fomento Economico Corporate Directors

Jose RojasDirectorProfile
Michael LarsonIndependent DirectorProfile
Alfonso MigoyaIndependent DirectorProfile
Barbara GondaDirectorProfile

Additional Tools for Fomento Stock Analysis

When running Fomento Economico's price analysis, check to measure Fomento Economico's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fomento Economico is operating at the current time. Most of Fomento Economico's value examination focuses on studying past and present price action to predict the probability of Fomento Economico's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fomento Economico's price. Additionally, you may evaluate how the addition of Fomento Economico to your portfolios can decrease your overall portfolio volatility.