FMX · NYSE · Beverages - Alcoholic

FEMSA (ADR) (FMX)

Combines OXXO-led proximity retail with Coca-Cola bottling and digital services across multiple markets.

$121.63
vs last close+1.77 (+1.48%)
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Fomento Económico Mexicano, S.A.B. de C.V.FMX
Consumer Staples

Operates OXXO-led proximity stores, Coca-Cola bottling, pharmacies, fuel stations, European convenience and food service, and Spin digital services. Proximity retail and Coca-Cola FEMSA are the two largest revenue pillars, linking frequent consumer traffic with beverage production and distribution across the Americas and Europe.

Runs OXXO-led proximity retail across the Americas, Valora convenience and food-service formats in Europe, pharmacy chains, OXXO Gas, and Spin financial and loyalty services. Coca-Cola FEMSA produces, distributes, and markets Coca-Cola-trademark beverages across Latin America.

Proximity Americas and Coca-Cola FEMSA are the two largest revenue pillars. The portfolio pairs frequent consumer visits with bottling and route-to-market execution, while the refocused structure concentrates on Retail, Coca-Cola FEMSA, and Digital.

Operations span Latin America, the United States, and Europe. Results depend on consumer traffic through small-format stores, The Coca-Cola Company's franchise system, regulated beverage and pharmacy markets, and a family-influenced voting trust.

Company facts

CEOJose Antonio Fernández Garza-Lagüera
ListedMay 11, 1998
ExchangeNYSE
HeadquartersMonterrey, Mexico
CountryMexico
Employees368,776
CIK0001061736
ISINUS3444191064

Market cap$40.83B
EPS (ttm)$5.28
P/E (ttm)22.70
ROE
P/B
P/S0.8440
Dividend yieldDiv yield1.52%
Beta0.41vs XLP 0.34

Price target$138.50+15.6%Average of 11 analysts
ConsensusBuy8 of 11 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 24, 2026BBVADowngrade
Rating: Outperform
Rating: Market Perform
Aug 11, 2026SantanderDowngrade
Rating:
Rating: Neutral
Aug 11, 2026Banco SantanderTarget
Target:
Target: $130
Aug 6, 2026UBSDowngrade
Rating: Buy
Rating: Neutral
Aug 4, 2026Bank of America SecuritiesUpgrade
Rating:
Rating: Buy

Next report
Oct 27, 26
in 35 days
EPS estimate
$1.15
Revenue estimate
$13.28B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$0.94$0.45$0.42$0.38$0.92$0.92$0.93Pending
Estimate$0.07$0.52$0.91$1.06$1.50$0.65$0.06$1.15
Surprise+1,171.9%−13.5%−53.8%−64.0%−38.7%+41.5%+1,405.1%

RevenueReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$9.99B$9.66B$11.27B$11.71B$12.21B$11.71B$13.20BPending
Estimate$9.62B$9.51B$11.28B$11.60B$12.21B$11.43B$12.94B$13.28B
Surprise+3.9%+1.6%−0.1%+0.9%0.0%+2.5%+2.0%
Estimate$1.15
ReportedDue Oct 27, 2026
Estimate$13.28B
ReportedDue Oct 27, 2026
View details

Debt to equity116.80%
Current ratio113.60%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$196.77B$10.01B$9.48B$11.34B$11.52B$12.03B$11.62B$13.22B
Net income$5.90B$257.5M$281.4M$145.5M$129.5M$465.8M$829.2M$316.7M
Net margin3.0%2.6%3.0%1.3%1.1%3.9%7.1%2.4%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$17.29B−$2.26B$606.9M$942.3M$960.3M$1.32B$800.5M$1.09B
YoY growth+12.6%Loss narrowed−95.1%−94.6%−94.4%Turned profit+31.9%+16.0%

Balance sheet, Jun 30, 2026Cash & short-term investments $116.55B · Total debt $14.47B · Total assets $45.92B · Shareholders' equity $12.39B

Revenue
$13.22B
Operating income
$1.09B
Net income
$316.7M
View details

Dividend yield
1.52%
Next ex-date
Jul 15, 27
estimated · in 296 days
Annual dividend
$1.82
per share
Schedule
Annual
one payment a year

HistoryDividendAnnual yield

Nov '21May '22Nov '22May '23Nov '23Jul '26
Dividend$0.5677$0.8483$0.847$1.0138$1.0704$1.8233
Annual yield1.42%1.97%2.31%1.93%1.72%1.42%
Ex-dateNov 3May 3Nov 3May 4Nov 3Jul 15
Payment dateNov 15May 16Nov 17May 18Nov 17Jul 27
View details

Institutions≈ 18.94%64.51M ADS
352 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders0.00%2.1K ADS
1 holder · as of Aug 12, 2026
Other≈ 81.06%276.17M ADS
remainder

340.68M ADS (1 ADS = 6 ordinary shares) as of Sep 1, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count is from the company's Dec 2022 annual report; nothing newer is on file here.

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

This company has 2 share classes; every stake here is a share of the whole company.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
First Eagle Investment Management, LLCInstitution
3.82%13.01M ADSas of Jun 30, 2026
Royal Bank of CanadaInstitution
1.83%6.25M ADSas of Jun 30, 2026
Harding Loevner LPInstitution
1.58%5.38M ADSas of Jun 30, 2026
FMR LLCInstitution
1.04%3.56M ADSas of Jun 30, 2026
Nuveen, LLCInstitution
0.85%2.91M ADSas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 11, 2026Michael David Kahndirector+2,100$118.13
Jun 10, 2026Montesinos Constantino Spasofficer: Americas & Mobility Division−7,481$12.38
Mar 27, 2026garza Alfonso garzadirector−52,311$11.19
Mar 26, 2026garza Alfonso garzadirector−52,316$11.04
Mar 25, 2026garza Alfonso garzadirector−52,316$11.07
View details

  • PepsiCo

    Beverage-system rival across Mexico and Latin America.

  • Ambev (ADR)

    Direct bottling and route-to-market rival in South America.

  • MercadoLibre

    Latin American digital-wallet and payments rival.

Compare

CompanyPriceChange
FEMSA (ADR)$121.63+1.48%$40.83B22.723.20.8+17.1%
PepsiCo$130.81+0.94%$177.02B17.015.01.8+6.4%
Ambev (ADR)$3.00+0.50%$46.05B14.618.02.7+10.8%
MercadoLibre$1,807.12−0.73%$92.29B49.541.92.6+50.2%
Median17.018.02.6+10.8%