FMX Stock Summary and Trading Ideas (Fomento Economico Mexicano S.A.B. De C.V. | NYSE:FMX)

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 has digested its 15% stake in Heineken and its distribution business in 2023. Coca-Cola Femsa and the Oxxo chain made up 70% of total company revenue and around 75% of profits in 2022.

Fomento Economico Mexicano S.A.B. De C.V. trades on the NYSE stock market under the symbol FMX.

As of April 19, 2024, FMX stock price climbed to $119.84 with 400,317 million shares trading.

FMX has a beta of 0.79, meaning it tends to be less sensitive to market movements. FMX has a correlation of 0.11 to the broad based SPY ETF.

FMX has a market cap of $214.41 billion. This is considered a Mega Cap stock.

Last quarter Fomento Economico Mexicano S.A.B. De C.V. reported $11 billion in Revenue and $1.46 earnings per share. This fell short of revenue expectation by $-838 million and missed earnings estimates by -$.15.

In the last 3 years, FMX stock traded as high as $143.43 and as low as $58.73.

The top ETF exchange traded funds that FMX belongs to (by Net Assets): AVEM, FRDM, DFAE, IDVO, APIE.

FMX has outperformed the market in the last year with a return of +31.7%, while the SPY ETF gained +21.7%. However, in the most recent history, FMX shares have underperformed the stock market with its stock returning -9.1% in the last 3 month period and -6.1% for the last 2 week period, while SPY has returned +4.7% and -3.1%, respectively.

FMX support price is $117.51 and resistance is $120.63 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FMX stock will trade within this expected range on the day.