Tag Archive : FMX

News Spotlight: Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX)stock observed trading -27.18% off 52-week high price. On the other end, the stock has been noted 26.20% away from low price over the last 52-weeks. The stock disclosed a move of -19.32% away from 50 day moving average and -20.78% away from 200 day moving average. Moving closer, we can see that shares have been trading -13.75% off 20-day moving average. It has market cap of $26.92B and dividend yield of 2.07%.

On March 12, 2020, Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) reported that its Board of Directors has proposed an ordinary dividend in the amount of Ps. 10,360 million, to be paid during 2020. The dividend is subject to approval of the annual shareholders meeting to be held on March 20, 2020. This proposal represents an increase of 6.9% compared to the dividend paid during 2019.

About FEMSA

FEMSA creates economic and social value through companies and institutions and strives to be the best employer and neighbor to the communities in which it operates. It participates in the retail industry through FEMSA Comercio, comprising a Proximity Division operating OXXO, a small-format store chain, a Health Division, which includes drugstores and related activities, and a Fuel Division, which operates the OXXO GAS chain of retail service stations. In the beverage industry, it participates through Coca-Cola FEMSA, a public bottler of Coca-Cola products; and in the beer industry, as a shareholder of HEINEKEN, a brewer with operations in over 70 countries. Additionally, through its Strategic Businesses unit, it provides logistics, point-of-sale refrigeration solutions and plastics solutions to FEMSA’s business units and third-party clients. Through its business units, FEMSA has more than 295,000 employees in 13 countries. FEMSA is a member of the Dow Jones Sustainability MILA Pacific Alliance, the FTSE4Good Emerging Index and the Mexican Stock Exchange Sustainability Index, among other indexes that evaluate is sustainability performance.

The Mexico based company Fomento Economico Mexicano, S.A.B. de C.V. moved with change of 11.35% to $73.07 with the total traded volume of 950978 shares in recent session versus to an average volume of 503.77K. The stock was observed in the 5 days activity at -12.03%. The one month performance of stock was -23.60%. FMX’s shares are at -21.96% for the quarter and driving a -16.50% return over the course of the past year and is now at -22.69% since this point in 2018.  Right now the stock beta is 0.71. The average volatility for the week and month was at 9.01% and 4.02% respectively. There are 368.39M shares outstanding and 344.06M shares are floated in market.