Fomento Economico Mexicano (NYSE:FMX) Upgraded to Strong-Buy at Zacks Research

02 May 2026, 11:58 by Doug Wharley · The Cerbat Gem

Zacks Research upgraded shares of Fomento Economico Mexicano (NYSE:FMX – Free Report) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other equities research analysts have also commented on the stock. UBS Group upped their price target on shares of Fomento Economico Mexicano from $109.00 to $122.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Wall Street Zen raised shares of Fomento Economico Mexicano from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Fomento Economico Mexicano in a research report on Tuesday, April 21st. The Goldman Sachs Group upped their price target on shares of Fomento Economico Mexicano from $113.00 to $128.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of Fomento Economico Mexicano from $98.00 to $117.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $113.17.

View Our Latest Research Report on Fomento Economico Mexicano

Fomento Economico Mexicano Stock Performance

NYSE:FMX traded up $1.76 during mid-day trading on Thursday, reaching $120.00. The company’s stock had a trading volume of 465,963 shares, compared to its average volume of 421,721. Fomento Economico Mexicano has a 12-month low of $83.08 and a 12-month high of $120.65. The stock has a market cap of $41.46 billion, a P/E ratio of 42.10, a PEG ratio of 0.81 and a beta of 0.42. The company has a current ratio of 1.35, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The firm’s fifty day moving average price is $111.59 and its two-hundred day moving average price is $104.63.

Fomento Economico Mexicano (NYSE:FMX – Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The company reported $2.43 EPS for the quarter. Fomento Economico Mexicano had a net margin of 3.40% and a return on equity of 7.63%. The firm had revenue of $11.61 billion during the quarter. On average, equities analysts forecast that Fomento Economico Mexicano will post 4.87 EPS for the current fiscal year.

Fomento Economico Mexicano Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Investors of record on Wednesday, April 22nd will be issued a $0.6658 dividend. This represents a $2.66 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, April 22nd. Fomento Economico Mexicano’s dividend payout ratio is currently 83.86%.

Insider Transactions at Fomento Economico Mexicano

In related news, Director Garza Alfonso Garza sold 52,311 shares of the stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $11.19, for a total value of $585,360.09. Following the completion of the sale, the director directly owned 1,128,453 shares of the company’s stock, valued at approximately $12,627,389.07. This represents a 4.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 261,575 shares of company stock valued at $2,795,188. Corporate insiders own 5.68% of the company’s stock.

Institutional Investors Weigh In On Fomento Economico Mexicano

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FMX. AQR Capital Management LLC increased its holdings in Fomento Economico Mexicano by 11,692.3% in the 2nd quarter. AQR Capital Management LLC now owns 716,029 shares of the company’s stock worth $73,171,000 after acquiring an additional 709,957 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Fomento Economico Mexicano by 12,960.1% in the 3rd quarter. Victory Capital Management Inc. now owns 599,982 shares of the company’s stock worth $59,176,000 after acquiring an additional 595,388 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Fomento Economico Mexicano in the 3rd quarter worth approximately $50,343,000. Invesco Ltd. increased its holdings in Fomento Economico Mexicano by 67.8% in the 3rd quarter. Invesco Ltd. now owns 1,046,906 shares of the company’s stock worth $103,256,000 after acquiring an additional 423,073 shares in the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new stake in Fomento Economico Mexicano in the 4th quarter worth approximately $41,408,000. 61.00% of the stock is owned by hedge funds and other institutional investors.

About Fomento Economico Mexicano

(Get Free Report)

Fomento Económico Mexicano, SAB. de C.V. (FEMSA) is a Mexican multinational company active primarily in the retail and beverage sectors. Headquartered in Monterrey, Mexico, FEMSA’s operations span convenience store retailing, beverage bottling and distribution, and related logistics and consumer services. The company’s business model combines high-frequency retail outlets with large-scale beverage production and a regional supply chain network.