Mexican Economic Development is a brewer beverage company located in Mexico, which is part of the Consumer Defensive sector, and is traded under the ticker FMX on the NYSE exchange.
Mexican Economic Development stock last closed at $95.19, up 0.16% from the previous day, and has increased 14.89% in one year. It has overperformed other stocks in the Beverages - Brewers industry by 0.22 percentage points. Mexican Economic Development stock is currently +62.08% from its 52-week low of $58.73, and -0.82% from its 52-week high of $95.98.
As of Mar 31, 2023, there are 2.16B FMX shares outstanding. The market capitalization of FMX is $20.57B. In the past 24 hours, 354,754 FMX shares were traded.
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You can view all of the due diligence checks on FMX's stock page.
You can use a variety of different financial metrics, analyses, models, and charts to gauge FMX's fair value.
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Out of 4 Wall Street analysts who give forecasts on FMX, the consensus analyst rating on Mexican Economic Development is a Strong Buy
Please note that analyst forecasts are not stock recommendations, nor are they financial advice.
Ricardo Alves, a top 48% analyst from Morgan Stanley maintains FMX with a strong buy rating and raises their FMX price target from $102.00 to $110.00, on Mar 27, 2023.
Carlos Laboy, a top 40% analyst from HSBC maintains FMX with a sell rating and raises their FMX price target from $58.00 to $77.00, on Feb 17, 2023.
Thiago Bortoluci, a top 27% analyst from Goldman Sachs maintains FMX with a strong buy rating and raises their FMX price target from $95.60 to $109.20, on Nov 16, 2022.
Benjamin Theurer, a top 31% analyst from Barclays maintains FMX with a strong buy rating and raises their FMX price target from $78.00 to $85.00, on Nov 16, 2022.
Theurer raised his price target on Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) by 9%.
After the company reported "solid and mostly outperforming" Q3 results on 2022/10/28, the analyst said he updated his model to reflect the recent Valora transaction.*
* On 20222/10/10, FEMSA announced the completion of its acquisition of all publicly held shares of Valora Holding AG. The company currently holds 97.8% of the share capital of Valora and intends to initiate a squeeze-out procedure and request the cancellation of the remaining publicly held shares. FEMSA further intends to delist the Valora shares from trading on the SIX Swiss Exchange (SIX).
You can dig deeper into what analysts are forecasting on the Mexican Economic Development stock forecast page.
Last year, FMX earnings were $1.42B. During the last five year, FMX's earnings have grown by 6.49% per year. This was faster than the Beverages - Brewers industry average of -1.92%.
Last year, FMX revenue was $27.81B. In the last 5 year, FMX's revenue has increased by 7.08% per year. This was faster than the Beverages - Brewers industry average of 2.05%.
Learn more about FMX's earnings and revenue performance here.
In the last year, executives and large shareholders at FMX have not bought or sold any shares.
Dig into more about who owns FMX stock here.
Mexican Economic Development pays a dividend of 1.78%, compared to the Beverages - Brewers industry's average dividend yield of 3.18%. If you owned $1,000 of FMX stock, you would have been paid $17.81 last year.
Mexican Economic Development dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more data about Mexican Economic Development dividend yield and history here.
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