Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) traded at a new 52-week high today of $81.36. Approximately 69,000 shares have changed hands today, as compared to an average 30-day volume of 459,000 shares.
Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX) defies analysts with a current price ($80.95) 0.8% above its average consensus price target of $80.30.
Femsa is a holding company with controlling interests in three entities: It owns a 47% economic and 56% voting interest in Coca-Cola Femsa, while wholly owning Femsa Comercio and CB Equity. CB Equity houses a roughly 15% stake in Heineken, while Comercio operates through three business units: proximity, which houses Oxxo, the largest small-format chain in the Americas, with convenience stores in Mexico and South America (including Brazil through a joint venture with Raizen); health, which operates pharmacies across a geographic footprint similar to Oxxo; and fuel, which operates retail service stations under franchisee arrangements in Mexico.
In the past 52 weeks, shares of Fomento Economico Mexicano S.A.B. de C.V. have traded between a low of $52.91 and a high of $81.36 and is now at $80.95, which is 53% above that low price.
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