91.69 0.00 (0.00%)
After hours: 4:17PM EST
|Bid||91.72 x 1100|
|Ask||91.69 x 800|
|Day's range||90.83 - 92.20|
|52-week range||80.86 - 100.35|
|Beta (3Y monthly)||0.14|
|PE ratio (TTM)||40.21|
|Forward dividend & yield||1.51 (1.65%)|
|1y target est||110.04|
FEMSA (FMX) acquires a minority stake in Jetro Restaurant Depot and signs agreement for a JV. The company's logistics subsidiary also makes a deal to acquire AGV.
MONTERREY, Mexico, Nov. 08, 2019 -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced today that it has signed definitive agreements and.
Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced today that Solistica, FEMSA’s logistics subsidiary, has reached an agreement to acquire AGV, a leader in value-added warehousing and distribution in Brazil with gross annual sales approaching R$650 million. Founded in 1998, AGV operates a value-added warehousing and distribution platform with more than 300,000 m2 of warehousing space located across 15 states in Brazil and over 2,600 employees. Within its broad platform, AGV has built a particularly strong position in Brazil’s health and nutrition-related sector, as well as in fast-moving consumer goods, which fit well with Solistica’s existing capabilities and customer focus.
FEMSA Comercio, a unit of FEMSA (FMX), closes the previously entered JV agreement with Raizen Conveniencias in Brazil, after receiving the necessary regulatory approvals.
MONTERREY, Mexico, Nov. 01, 2019 -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced today that its subsidiary, FEMSA Comercio, S.A. de.
FEMSA's (FMX) third-quarter 2019 results reflect benefits from strong operating performance across all businesses. Margin growth aids the bottom line.
MONTERREY, Mexico, Oct. 28, 2019 -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced today its operational and financial results for.
FEMSA (FMX) expects strong top-line results for third-quarter 2019. However, a soft margin trend is expected to get reflected in the bottom-line number.
MONTERREY, Mexico, Oct. 11, 2019 -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) today announced that it has modified the start time for its.
PepsiCo (PEP) reports earnings and revenue beat in third-quarter 2019 on top-line growth across all segments as well as robust pricing.
MONTERREY, Mexico, Oct. 02, 2019 -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) is pleased to invite you to participate in its Third Quarter.
FEMSA (FMX) signs a Memorandum of Understanding to buy a minority stake in Jetro Restaurant Depot. The deal will mark its entry in the U.S. wholesale cash and carry business.
MONTERREY, Mexico, Sept. 26, 2019 -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced today that it has signed a non-binding Memorandum.
FEMSA (FMX) witnesses positive momentum, owing to earnings beat in second-quarter 2019 and rise in sales. Additionally, the company's growth and expansion efforts place it well for long-term growth.
Keurig Dr Pepper (KDP) gains from strong in-market performance across most of its businesses and robust market share growth. Its acquisition and partnership strategy is also contributing to growth.
FEMSA (FMX) gains from initiatives like expanding store base, diversifying the business portfolio and focusing on core business. But soft margin trend and increased costs are deterrents.
Monster Beverage (MNST) reports softer-than-anticipated sales and earnings results in second-quarter 2019. Higher costs and soft margins affect the company despite strength in the Monster Energy brand.
FEMSA Comercio to buy a 50% stake in the Brazilian Raizen Conveniencias for R$561 million. This move is likely to prove beneficial to FEMSA (FMX).
BMV: FEMSAUBD) announced today that it has reached an agreement to enter into a 50-50 Joint Venture with Raízen. Through this agreement, FEMSA Comercio will acquire a 50% interest in Raízen Conveniências. The full Enterprise Value of Raízen Conveniências for the purpose of this transaction is R$1,122 Million, free of any debt or cash, and FEMSA Comercio’s 50% interest is therefore valued at R$561 Million. Raízen itself is a 50-50 Joint Venture between Cosan and Shell. Raízen currently operates more than 6,200 Shell service stations in Brazil, and approximately one thousand of them have a Select brand convenience store today. The stores are franchised or licensed by Raízen to independent operators. The Joint Venture agreed upon today is limited to the convenience store business and excludes the fuel service station operations.