Fomento Economico Mexicano, S.A.B. de C.V. (NYSE: FMX), known as FEMSA, is a Mexican multinational conglomerate headquartered in Monterrey, Mexico, with operations spanning beverages, convenience retail, health, and mobility across Latin America, Europe, and the United States.
FEMSA's business is organized around several core units. OXXO Mexico operates the largest convenience store chain in Mexico by store count, while the Americas & Mobility division covers OXXO's convenience store operations outside Mexico, including Brazil, Colombia, Chile, Peru, and the United States, along with fuel station operations in Mexico and the U.S. The Europe division operates convenience and food-focused retail formats across several European countries, and the Health division runs pharmacies and related health retail across multiple Latin American markets. In beverages, FEMSA holds a large stake in Coca-Cola FEMSA, the world's largest franchise bottler of Coca-Cola products by volume, which distributes Coca-Cola trademark beverages across Mexico, Central America, and South America.
FEMSA has also built out a digital financial services ecosystem around its retail footprint, most notably Spin, which offers digital payments and loyalty services to customers of its OXXO stores in Mexico. This connects the company's physical convenience store network with a growing digital services business, adding a fintech dimension to what is otherwise a retail and beverage-focused conglomerate.
Because FEMSA spans several distinct businesses, an analysis of the stock typically looks at each division separately, since same-store sales trends at OXXO, bottling volumes and currency effects at Coca-Cola FEMSA, and adoption of digital financial products through Spin each respond to different economic drivers. Mexican consumer spending, currency movements across its Latin American markets, and fuel and beverage input costs are all recurring factors worth tracking.
On this page you can track FEMSA's stock price, financial metrics, earnings reports, and technical analysis, alongside a comparison with other Latin American consumer and beverage companies.
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Alejandro Gil Ortiz, General Counsel of Mexican Economic Development Inc (FEMSA), reported the sale of 13,000 BD Units on November 6, 2026, through a Form 4 filing. The transactions, conducted in Mexican pesos and converted to USD, included 12,000 units sold at $12.7254 and 1,000 units at $12.7894. Following these sales, Gil Ortiz retains direct ownership of 43,506 BD Units and indirect ownership of 50,359 BD Units through an employee trust, in addition to 120 directly held American Depositary Shares.
FEMSA announced a 9.8% increase in total consolidated revenues for the third quarter of 2026 compared to the previous year, with income from operations rising by 9.9%. This growth was primarily driven by strong performances from its OXXO Mexico convenience stores and Coca-Cola FEMSA. The company's CEO, Jose Antonio Fernández Garza-Lagüera, highlighted the continued recovery at OXXO Mexico, where same-store sales and customer traffic showed significant improvement.
FEMSA announced a 9.8% increase in total consolidated revenues for the third quarter of 2026 compared to the previous year, with income from operations growing 9.9%. CEO Jose Antonio Fernández Garza-Lagüera attributed this "strong set of results" primarily to the positive performance of OXXO Mexico and Coca-Cola FEMSA. OXXO Mexico saw accelerated same-store sales and the strongest customer traffic in over two years, driven by improved execution and consumer-centric strategies.
Diversify Advisory Services LLC has acquired 14,069 shares of Fomento Economico Mexicano S.A.B. de C.V. (FMX), valued at approximately $1.7 million, initiating a new stake in the company during the third quarter. Institutional investors now collectively own about 61% of FMX, which has a "Moderate Buy" consensus rating from analysts and an average price target of $140.50. The company recently reduced its quarterly dividend to $1.7804, implying an annualized yield of about 5.5%.
UBS has increased its price target for Fomento Economico Mexicano (FMX) to $134 from $130, while maintaining a Neutral rating on the stock. According to MT Newswires, FMX currently holds an average rating of overweight among analysts. The full details of this report are available to premium subscribers.
Robeco Institutional Asset Management B.V. significantly increased its stake in Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) by 14% in the third quarter, now holding 2.38 million shares valued at $282.1 million. This increase reflects a broader institutional interest, with hedge funds and institutional investors collectively owning 61% of the company. Analysts maintain a "Moderate Buy" rating with an average price target of $139.83, despite the company announcing a reduced quarterly dividend of $1.7804.
Fomento Economico Mexicano (FMX) is scheduled to announce its Q3 2026 earnings before market open on Wednesday, October 28th, with analysts forecasting earnings of $1.03 per share on revenue of $12.83 billion. The company recently traded at $129.15, has a "Moderate Buy" consensus rating, and has cut its quarterly dividend to $1.7804. Insider transactions show Director Michael David Kahn acquired 2,100 shares in August.
Assenagon Asset Management S.A. significantly increased its stake in Fomento Economico Mexicano (FMX) by 367.3% in the third quarter, bringing its total holdings to 88,097 shares valued at $10.45 million. The stock holds a "Moderate Buy" consensus rating with an average price target of $139.83, and major institutions like JPMorgan have upgraded it. FEMSA also announced a quarterly dividend of $1.7804 per share, representing an annualized yield of about 5.6%.