Fomento Economico Mexicano Sab traded at $122.67 this Wednesday June 24th, decreasing $4.44 or 3.49 percent since the previous trading session. Looking back, over the last four weeks, Fomento Economico Mexicano lost 0.62 percent. Over the last 12 months, its price rose by 21.72 percent. Looking ahead, we forecast Fomento Economico Mexicano Sab to be priced at 122.88 by the end of this quarter and at 112.70 in one year, according to Trading Economics global macro models projections and analysts expectations.
Fomento Economico Mexicano, S.A.B. de C.V. (FEMSA) is a holding company. The Company's segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, S.A.B. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, S.A. de C.V. and subsidiaries (FEMSA Comercio), which consists of a Retail Division operating various small-format chain stores, and CB Equity LLP, which holds its equity investment in Heineken N.V., and Heineken Holding N.V. The Company's Coca-Cola FEMSA produces, markets, sells and distributes Coca-Cola trademark beverages through standard bottler agreements in certain territories in the countries, in which it operates. Coca-Cola FEMSA also sells bottled water products. FEMSA participates in the retail sector primarily through FEMSA Comercio.