Fomento Economico Stock (NYSE:FMX), Trade Ideas

Fomento Economico

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.

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Fomento Economico Mexicano S.A.B. De C.V.

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The most overbought stocks in the consumer staples sector presents an opportunity to go short on these overvalued companies.

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One of the most well-known and richest people in the world could be betting big on the growth of beer and non-alcoholic beer.

Here’s the brewer that Bill Gates is now investing heavily in.

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Fomento Economico Mexicano S.A.B. de C.V. Common Stock

Fomento Economico Mexicano SAB de CV

FOMENTO ECONOMIC MEX UTS by Fomento Economico Mexicano SAB

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Fomento Economico's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) short percent of float has risen 8.93% since its last report. The company recently reported that it has 1.31 million shares sold short, which is 0.61% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.64 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Fomento Economico Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710349222_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Fomento Economico has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Fomento Economico's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Fomento Economico's peer group average for short interest as a percentage of float is 7.65%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Looking Into Fomento Economico's Recent Short Interest

WIIM

Fomento Economico Mexicano shares are trading lower after the company reported worse-than-expected Q4 results.

Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) reported its Q4 earnings results on Friday, February 23, 2024 at 08:33 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Fomento Economico missed estimated earnings by 9.32%, reporting an EPS of $1.46 versus an estimate of $1.61.
Revenue was up $1.33 billion from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.1 which was followed by a 1.8% increase in the share price the next day.
Here's a look at Fomento Economico's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.4</td>
<td>0.92</td>
<td>1.35</td>
<td>1.27</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.5</td>
<td>1.33</td>
<td>1</td>
<td>1.73</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>11.67B</td>
<td>11.58B</td>
<td>9.44B</td>
<td>9.08B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>11.02B</td>
<td>11.21B</td>
<td>9.64B</td>
<td>9.49B</td>
</tr>
</tbody>
</table>

To track all earnings releases for Fomento Economico <a href="https://www.benzinga.com/quote/FMX/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Recap: Fomento Economico Q4 Earnings

Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) reported quarterly earnings of $1.46 per share which missed the analyst consensus estimate of $1.61 by 9.32 percent. This is a 15.61 percent decrease over earnings of $1.73 per share from the same period last year. The company reported quarterly sales of $10.82 billion which missed the analyst consensus estimate of $11.66 billion by 7.19 percent. This is a 13.99 percent increase over sales of $9.49 billion the same period last year.

Fomento Economico Q4 Adj. EPS $1.46 Misses $1.61 Estimate, Sales $10.82B Miss $11.66B Estimate

FEMSA Q4 Total Consolidated Revenues Grew 4% YoY

Fomento Económico Mexicano, S.A.B. de C.V. ("FEMSA" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>, BMV:<a class="ticker" href="https://www.benzinga.com/stock/FEMSAUBD#BMV">FEMSAUBD</a>, FEMSAUB)))) announced today that, as part of its commitment to the FEMSA Forward strategy, it is implementing changes in its corporate organization. &nbsp;
Consistent with the FEMSA Forward strategy, each of our three core business verticals will continue strengthening their already robust teams to ensure they capture the significant growth opportunities ahead of them. Their size and complexity require a strong team, dedicated to the execution of their strategies, and the achievement of their business objectives. Our FEMSA corporate organization will focus on setting the overall strategic direction and providing guidance and support for the core businesses, including all major strategic, financial, and capital market-related matters.&nbsp;&nbsp;
In this context, and having largely concluded the transformational transactions stemming from FEMSA Forward, today we are announcing two changes in FEMSA's senior leadership team.
Francisco Camacho Beltrán, FEMSA's Chief Corporate Officer, has decided to complete his cycle at the Company and pursue new professional challenges, stepping down from his role effective April 30, 2024. Since joining the Company in 2020, Francisco successfully led most of the corporate functions of FEMSA, while also playing a pivotal role in defining FEMSA's Strategic Priorities Framework, ensuring its alignment with the new FEMSA Forward strategy, and coordinating the development of the current long-range plans of FEMSA and its business units. He leaves the Company with a clear roadmap for sustained growth, and in an enviable position to meet all the ambitious goals that the Company has set in its sustainability efforts.
Eugenio Garza y Garza, FEMSA's Chief Financial Officer ("CFO"), has also decided to finish his cycle at the Company and step down as CFO effective April 30, 2024. Since joining FEMSA in 2018, Eugenio has played an instrumental role in the strategic and corporate development of FEMSA, including the design and implementation of the FEMSA Forward strategy in record time, the successful divestment of FEMSA's stake in Heineken, JRD, and Envoy, as well as numerous other benchmark-setting M&amp;A and capital market transactions. His leadership, financial acumen, and strategic vision have been key to the continued success and financial strength of FEMSA and its Business Units.
Martin Arias Yaniz has been appointed Chief Financial Officer, effective April 30, 2024. Martin has been an integral part of FEMSA's finance and strategy team for 25 years. He began working with FEMSA in 1999 as a strategic advisor before formally joining FEMSA in 2003, occupying different leadership positions in the Corporate Development, Strategic Planning, and Treasury teams at both Coca-Cola FEMSA and FEMSA. From 2014 until 2019, he was FEMSA's Director of Strategic Planning and Corporate Development. Since his departure from this role, Martin has continued as a close and trusted advisor of the Company for strategic projects, including FEMSA Forward and the implementation of its related transactions. He will serve as FEMSA's CFO on an interim basis, and FEMSA will conduct a thorough search process to appoint a permanent replacement in due course. FEMSA's CFO will report to José Antonio Fernández Carbajal, FEMSA's Executive Chairman and CEO.
Martin will work closely with Francisco and Eugenio over the next two months to facilitate a seamless handover. In addition, during this period, Eugenio will launch the implementation of the capital allocation elements of the FEMSA Forward strategy that was announced on February 15, transitioning to Martin in due course to ensure its continued success. Following his departure from the CFO position, Eugenio will remain working with FEMSA in an advisory role for key strategic projects.
The Company expresses its deepest gratitude to Francisco and Eugenio for their many invaluable contributions and wishes them continued success in their future endeavors.

Management

BMV:FEMSAUBD

FEMSA Announces Eugenio Garza y Garza, CFO, Has Decided To Finish His Cycle At The Company And Step Down; Martin Arias Yaniz Has Been Appointed Chief Financial Officer, Effective April 30, 2024.

<h3>Companies Reporting Before The Bell</h3>
&bull; Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) is likely to report quarterly earnings at $1.61 per share on revenue of $11.66 billion.
&bull; Calumet Specialty Prods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLMT#NASDAQ">CLMT</a>) is projected to report quarterly loss at $0.39 per share on revenue of $926.13 million.
&bull; Global Blue Gr Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GB#NYSE">GB</a>) is likely to report quarterly earnings at $0.06 per share on revenue of $119.60 million.
&bull; Hyatt Hotels (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) is projected to report quarterly earnings at $0.39 per share on revenue of $1.60 billion.
&bull; Docebo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCBO#NASDAQ">DCBO</a>) is estimated to report quarterly earnings at $0.08 per share on revenue of $48.40 million.
&bull; Hudbay Minerals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBM#NYSE">HBM</a>) is likely to report quarterly earnings at $0.12 per share on revenue of $542.12 million.
&bull; RB Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBA#NYSE">RBA</a>) is expected to report quarterly earnings at $0.69 per share on revenue of $1.04 billion.
&bull; Sunstone Hotel Invts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) is projected to report earnings for its fourth quarter.
&bull; Anglogold Ashanti (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) is projected to report earnings for its fourth quarter.
&bull; Coca-Cola Europacific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCEP#NASDAQ">CCEP</a>) is expected to report earnings for its Fiscal Year 2023.
&bull; AerCap Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AER#NYSE">AER</a>) is expected to report quarterly earnings at $2.45 per share on revenue of $1.93 billion.
&bull; Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) is projected to report quarterly earnings at $0.69 per share on revenue of $1.20 billion.
&bull; Diana Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DSX#NYSE">DSX</a>) is projected to report quarterly earnings at $0.04 per share on revenue of $58.75 million.
&bull; TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) is estimated to report quarterly earnings at $0.14 per share on revenue of $576.71 million.
&bull; Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) is projected to report quarterly loss at $0.06 per share on revenue of $10.37 billion.
&bull; Federal Agricultural (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGM#NYSE">AGM</a>) is estimated to report quarterly earnings at $4.05 per share on revenue of $88.99 million.
&bull; E W Scripps (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSP#NASDAQ">SSP</a>) is projected to report quarterly earnings at $0.11 per share on revenue of $602.33 million.
&bull; Gray Television (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) is projected to report quarterly loss at $0.16 per share on revenue of $863.06 million.
&bull; Northwest Natural Hldg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NWN#NYSE">NWN</a>) is expected to report quarterly earnings at $1.27 per share on revenue of $360.31 million.
&bull; Frontier Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FYBR#NASDAQ">FYBR</a>) is likely to report quarterly loss at $0.12 per share on revenue of $1.42 billion.
&bull; Lamar Advertising (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAMR#NASDAQ">LAMR</a>) is likely to report quarterly earnings at $1.35 per share on revenue of $547.66 million.
&bull; Compx Intl (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CIX#AMEX">CIX</a>) is projected to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; BIT Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTCM#NYSE">BTCM</a>) is expected to report quarterly earnings at $0.00 per share on revenue of $77.30 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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LAMR

Earnings Scheduled For February 23, 2024

Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) is set to give its latest quarterly earnings report on Friday, 2024-02-23. Here's what investors need to know before the announcement.
Analysts estimate that Fomento Economico will report an earnings per share (EPS) of $1.61. 
Fomento Economico bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.10, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Fomento Economico's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.4</td>
<td>0.92</td>
<td>1.35</td>
<td>1.27</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.5</td>
<td>1.33</td>
<td>1</td>
<td>1.73</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.8%</td>
<td>2.76%</td>
<td>1.87%</td>
<td>-1.03%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708610418_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Fomento Economico were trading at $133.21 as of February 20. Over the last 52-week period, shares are up 43.87%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/FMX/earnings">To track all earnings releases for Fomento Economico visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Fomento Economico's Earnings

HSBC analyst Carlos Laboy upgrades Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) from Hold to Buy.

Upgrades

Analyst Ratings

HSBC Upgrades Fomento Economico to Buy

Fomento Economico's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) short percent of float has fallen 4.26% since its last report. The company recently reported that it has 971 thousand shares sold short, which is 0.45% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.57 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Fomento Economico Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1705500021_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Fomento Economico has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Fomento Economico's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Fomento Economico's peer group average for short interest as a percentage of float is 7.49%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(FMX) - Analyzing Fomento Economico's Short Interest

UBS analyst Rodrigo Alcantara downgrades Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) from Buy to Neutral.

Downgrades

UBS Downgrades Fomento Economico to Neutral

Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) has outperformed the market over the past 20 years by 4.5% on an annualized basis producing an average annual return of 11.86%. Currently, Fomento Economico has a market capitalization of $226.77 billion. 
Buying $1000 In FMX: If an investor had bought $1000 of FMX stock 20 years ago, it would be worth $9,326.71 today based on a price of $126.75 for FMX at the time of writing.
<h3>Fomento Economico's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1704819622_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Fomento Economico Stock In The Last 20 Years

Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) has outperformed the market over the past 20 years by 5.06% on an annualized basis producing an average annual return of 12.6%. Currently, Fomento Economico has a market capitalization of $236.74 billion. 
Buying $1000 In FMX: If an investor had bought $1000 of FMX stock 20 years ago, it would be worth $10,725.75 today based on a price of $132.32 for FMX at the time of writing.
<h3>Fomento Economico's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1703622631_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 20 Years Ago, You Would Have $11,000 Today

Fomento Economico's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) short percent of float has risen 4.35% since its last report. The company recently reported that it has 1.04 million shares sold short, which is 0.48% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.03 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Fomento Economico Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1703601913_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Fomento Economico has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Fomento Economico's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Fomento Economico's peer group average for short interest as a percentage of float is 7.36%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Fomento Economico's Recent Short Interest

Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) has outperformed the market over the past 20 years by 5.28% on an annualized basis producing an average annual return of 12.78%. Currently, Fomento Economico has a market capitalization of $228.43 billion. 
Buying $100 In FMX: If an investor had bought $100 of FMX stock 20 years ago, it would be worth $1,106.09 today based on a price of $127.68 for FMX at the time of writing.
<h3>Fomento Economico's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1702396833_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Citigroup analyst Renata Cabral initiates coverage on Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) with a Neutral rating and announces Price Target of $134.

Price Target

Initiation

Citigroup Initiates Coverage On Fomento Economico with Neutral Rating, Announces Price Target of $134

Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) has outperformed the market over the past 20 years by 5.25% on an annualized basis producing an average annual return of 12.74%. Currently, Fomento Economico has a market capitalization of $226.32 billion. 
Buying $100 In FMX: If an investor had bought $100 of FMX stock 20 years ago, it would be worth $1,106.41 today based on a price of $126.50 for FMX at the time of writing.
<h3>Fomento Economico's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1700166617_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 20 Years Ago Would Be Worth $1,100 Today

Fomento Economico's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) short percent of float has fallen 7.69% since its last report. The company recently reported that it has 1.04 million shares sold short, which is 0.48% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.5 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Fomento Economico Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1700079320_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Fomento Economico has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Fomento Economico's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Fomento Economico's peer group average for short interest as a percentage of float is 7.03%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

BRFS

DLTR

WALD

Shares of consumer staples stocks are trading higher amid overall market strength following softer-than-expected October inflation data.

Within the last quarter, Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) has observed the following analyst ratings: 
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
These 4 analysts have an average price target of $129.0 versus the current price of Fomento Economico at $120.96, implying upside.
Below is a summary of how these 4 analysts rated Fomento Economico over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock
<img src="https://www.benzinga.com/files/images/story/2023/1699362007_0.png" alt="price target chart" />
This current average has increased by 9.95% from the previous average price target of $117.33. 
<a href="https://www.benzinga.com/quote/FMX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Fomento Economico analyst ratings.</a>
<h1>Analyst Ratings: What Are They?</h1>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Ratings for Fomento Economico

Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Q4 2023 Earnings Call Transcript

Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on Fomento Economico Mexicano (FMX – Research Report),...

Analysts Offer Insights on Utilities Companies: Fomento Economico Mexicano (FMX), New Fortress Energy (NFE) and Dominion Energy (D)

Barclays analyst Benjamin Theurer maintained a Buy rating on Fomento Economico Mexicano (FMX – Research Report) today and set a price target of $16...

Fomento Economico Mexicano (FMX) Receives a Buy from Barclays

InvestorsObserver gives Fomento Economico Mexcn SAB de CV ADR (FMX) a strong  valuation score of 94 from its analysis. The proprietary scoring system considers the underlying health of a company by analyzing its stock price, earnings, and growth rate. FMX currently holds a better value than 94% of stocks based on these met

Is Fomento Economico Mexcn SAB de CV ADR (FMX) Stock Over or Undervalued?

Fomento Economico Mexcn SAB de CV ADR (FMX) stock has gained 4.46% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator. Fomento Economico Mexcn SAB de CV ADR has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FMX!See Full FMX ReportWhat

Where Will Fomento Economico Mexcn SAB de CV ADR (FMX) Stock Go Next After It Is Higher By 4.46% in a Week?

Fomento Economico Mexicano S.a.b. De C.v. (FMX) has released an update. Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) concluded its Annual Sha...

FEMSA Announces Dividends and Board Update

FEMSA Offers Underrated Quality Growth For Patient Investors

Fomento Economico Mexicano goes ex dividend tomorrow

Barclays Keeps Their Buy Rating on Fomento Economico Mexicano (FMX)

In a report released yesterday, Renata Cabral from Citi maintained a Hold rating on Fomento Economico Mexicano (FMX – Research Report), with a pric...

Fomento Economico Mexicano (FMX): A Hold Rating with Tempered Expectations and a Revised Target Price

FMXUF

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