Breaking News

Over a week ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Hot Stocks
Femsa holders approve Ps. 10.35B per unit dividend » 16:47
03/20/20
03/20
16:47
03/20/20
16:47
FMX

Femsa

$59.76 /

-0.28 (-0.47%)

Femsa held its Annual…

Femsa held its Annual Ordinary General Shareholders Meeting today, during which the shareholders approved the company's annual report for 2019 prepared by the Chief Executive Officer, the company's consolidated financial statements for the year ended December 31, 2019 and the election of members of the Board of Directors and its committees for 2020. In addition, the shareholders approved the payment of a cash dividend in the amount of Ps. 10,360 million, consisting of Ps. 0.6458 per each Series "D" share and Ps. 0.5167 per each Series "B" share, which amounts to Ps. 3.1000 per "BD" Unit or Ps. 31.000 per ADS (NYSE: FMX), and Ps. 2.5833 per "B" Unit. The dividend payment will be split in a number of installments and dates during 2020, which will be determined by the Board of Directors. In addition, the shareholders established the amount of Ps. 17,000 million as the maximum amount that could potentially be used for the company's share repurchase program during 2020.

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Over a month ago
Hot Stocks
Femsa CEO says Q4 was 'eventful' » 09:04
02/27/20
02/27
09:04
02/27/20
09:04
FMX

Femsa

$87.13 /

+0.42 (+0.48%)

Eduardo Padilla,…

Eduardo Padilla, FEMSA's CEO, commented: "The fourth quarter was an eventful one. OXXO continued to grow at a steady pace in Mexico, and the international operations again performed well. The Health division had a complex quarter driven by disruptions in Chile, but we saw solid progress in every other market, while the Fuel division again delivered profitability gains in a challenging environment. For its part, Coca-Cola FEMSA continued to see good volume trends in Brazil and Central America, and healthy pricing across most of its markets, including Mexico. As we look at 2020, we see a consumer in Mexico that remains resilient, particularly in the northern part of the country. We are optimistic about Brazil, where we are seeing good performance in our existing operations and have high expectations for our new ventures. And on the strategic front, we are pleased with the opportunities we are being able to invest in, focused always on our operational capabilities and exercising discipline with a view to create long-term value for all our stakeholders."

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Upgrade
Femsa upgraded to Buy from Neutral at Citi » 09:40
01/07/20
01/07
09:40
01/07/20
09:40
FMX

Femsa

$97.31 /

+ (+0.00%)

Citi analyst Fomento…

Citi analyst Fomento Economico upgraded Femsa to Buy from Neutral with a $112 price target.

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Over a quarter ago
Hot Stocks
FEMSA says Grupo Socofar notifies FEMSA Comercio of right exercise » 09:21
12/23/19
12/23
09:21
12/23/19
09:21
FMX

Femsa

$94.46 /

-0.82 (-0.86%)

Fomento Economico…

Fomento Economico Mexicano announced that its minority partner in Grupo Socofar has notified to FEMSA Comercio the exercise of its put right to sell its remaining 40% interest in Socofar. Upon closing of this transaction, FEMSA, through its subsidiaries, will become the sole shareholder of Socofar. Per the terms of the put option, the valuation for Socofar was determined through a fair market procedure carried out by independent investment bankers, and the final price to be paid for the 40% interest is subject to local currency exchange adjustments to be made at closing. Closing of the transaction is expected during the month of January 2020.

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Downgrade
Femsa downgraded to Sector Perform from Outperform at Scotiabank » 09:58
09/26/19
09/26
09:58
09/26/19
09:58
FMX

Femsa

$96.12 /

-0.16 (-0.17%)

Scotiabank analyst…

Scotiabank analyst Rodrigo Echagaray downgraded Femsa to Sector Perform from Outperform.

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Hot Stocks
FEMSA announces $750M investment for minority stake in Jetro Restaurant Depot » 09:30
09/26/19
09/26
09:30
09/26/19
09:30
FMX

Femsa

$96.28 /

+0.2 (+0.21%)

Fomento Economico…

Fomento Economico Mexicano announced that it has signed a non-binding Memorandum of Understanding to acquire a minority stake in privately-held Jetro Restaurant Depot. The MOU also contemplates that FEMSA and JRD will enter into a Joint Venture to take JRD's business model to Mexico and other Latin American markets. The amount of FEMSA's investment as per the MOU is $750M.

ShowHide Related Items >><<
03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.