FMX

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Annual Shareholders' Meeting Announcement: FEMSA will hold its Annual Ordinary Shareholders' Meeting on April 11, 2025, in Monterrey, Mexico, with detailed proposals and nominations available on their website.

Company Overview: FEMSA operates in the retail and beverage industries, employing over 392,000 people across 18 countries, and is recognized in various global sustainability indices.

Financial Performance: FEMSA reported a 78.3% increase in Q4 net income, driven by strong performances in various divisions, including Proximity Americas and Coca-Cola FEMSA, with plans for $5.3 billion in capital returns over 2025-2026.

Challenges and Outlook: Despite robust financial results, management acknowledged traffic declines in Mexico due to external factors and expressed cautious optimism about growth strategies in the U.S. and Brazil while focusing on enhancing digital capabilities and shareholder value.

Conference Call Announcement: FEMSA will hold its Fourth Quarter and Full Year 2024 Conference Call on February 27, 2025, at 10:00 AM ET, with results released before market opening.

Company Overview: FEMSA operates in retail and beverage industries, employing over 392,000 people across 18 countries, and is recognized for its sustainability efforts through various indices.

Analyst Rating: Barclays analyst Benjamin Theurer maintains a Hold rating on Fomento Economico Mexicano (FMX) with a price target of $99.00, while the stock closed at $87.79 last Friday.

Market Consensus: The overall analyst consensus for FMX is a Moderate Buy with an average price target of $95.93, and Theurer has a 4-star rating with a 52.63% success rate in the Consumer Defensive sector.

Dividend Stocks at 52-Week Lows: Several dividend stocks are currently trading near their 52-week lows, with ten of them approaching their ex-dividend dates this week.

Investment Opportunity: Investors can purchase these stocks at discounted prices before the ex-dividend dates to qualify for upcoming dividend payouts.

Worst Performing Stocks: Nine large-cap stocks experienced significant declines last week, with Carvana Co. leading at a drop of 20.93% due to negative reports from short-sellers, followed by SoFi Technologies and Yum China Holdings with drops of 10.60% and 10.40%, respectively.

Market Reactions: Tesla's shares fell 9.62% after disappointing production figures, while other companies like Kinsale Capital and Brown Forman saw price forecast cuts and advisories regarding health risks associated with alcohol consumption, contributing to their stock declines.

FEMSA Divestiture: FEMSA has successfully completed the sale of its plastics solutions operations to AMMI for 3,165 million pesos, marking a significant strategic move for the company as part of its ongoing business realignment.

About AMMI: AMMI is a diversified corporation specializing in non-GMO corn production and sustainable plastic packaging, with a strong commitment to sustainability and plans to achieve carbon neutrality by 2030.

Stock Performance Overview: Zacks.com highlights the recent performance of stocks including GE Aerospace, Fomento Economico Mexicano, Waste Management, and Aware, noting challenges such as high costs and competitive pressures, while also recognizing positive trends in demand and strategic expansions.

Analyst Insights: The Zacks analyst reports indicate that while some companies are facing operational difficulties and market competition, others are benefiting from strong demand and effective cost management strategies, suggesting a mixed outlook for these stocks.

Research Reports Overview: The Zacks Research Daily highlights new reports on 16 major stocks, including GE Aerospace, Fomento Economico Mexicano, Waste Management, and Aware, with insights into their performance, challenges, and growth strategies.

Stock Performance Insights: GE Aerospace faces high costs and supply chain issues despite strong demand in commercial air travel; Fomento Economico is expanding in the U.S. market; Waste Management benefits from operational initiatives; while Aware shows recurring revenue growth but faces risks from competition and financial instability.

Stock Performance Overview: Fomento Economico Mexicano, S.A.B. de C.V. (FMX) shares have entered oversold territory with an RSI of 29.5 after trading as low as $91.905, indicating potential buying opportunities for bullish investors.

52 Week Range Analysis: FMX's current share price is $92.06, within a 52-week range of $91.905 (low) to $143.43 (high).

Acquisition Announcement: Mill Point Capital has successfully completed the acquisition of AeriTek Global LLC, which includes the commercial refrigeration and foodservice equipment businesses of FEMSA, establishing AeriTek as a standalone leader in its industry.

Company Background: AeriTek, founded in 1941 and headquartered in Kennesaw, GA, is known for its innovative and sustainable products under the Imbera and Torrey brands, while Mill Point Capital focuses on investments in lower-middle market companies across various sectors in North America.

FEMSA Divestiture Announcement: FEMSA has successfully completed the divestiture of its refrigeration and foodservice equipment operations, Imbera and Torrey, to Mill Point Capital LLC for 8 billion pesos on a cash-free, debt-free basis.

About FEMSA and Mill Point Capital: FEMSA operates in various sectors including retail and beverages with over 392,000 employees across 18 countries, while Mill Point Capital is a private equity firm focused on lower-middle market companies in North America.

FEMSA Divests Plastics Operations: FEMSA has agreed to sell its plastics solutions operations to AMMI for 3,165 million pesos as part of its FEMSA Forward plan, pending regulatory approvals.

About the Companies: FEMSA operates in retail and beverage sectors with over 392,000 employees across 18 countries, while AMMI specializes in non-GMO corn production and sustainable packaging, aiming for carbon neutrality by 2030.

Earnings Conference Call Overview: FEMSA held its Q3 2024 earnings conference call on October 28, 2024, featuring key participants including CEO José Antonio Fernández Garza-Lagüera and CFO Martin Arias, who discussed the company's performance and strategic outlook.

Future Expectations: The call included preliminary views on expectations for 2025, with a focus on the Proximity and Health division's performance and updates on previously shared messages from the first quarter.

Financial Performance: FEMSA reported an 8.3% increase in total consolidated revenues and a 14.6% rise in income from operations for Q3 2024 compared to the same period last year, with notable growth in its Coca-Cola FEMSA and digital services sectors.

Operational Insights: Despite a challenging consumer environment in Mexico, FEMSA's various business units showed encouraging results, including strong performance in Proximity Europe and ongoing expansion in digital user engagement through Spin by OXXO and Spin Premia.

FEMSA's Divestment: FEMSA has agreed to sell its plastics solutions operations to AMMI for 3,165 million pesos as part of its FEMSA Forward plan, pending regulatory approvals.

About AMMI: AMMI is a leading holding company specializing in non-GMO corn production and sustainable packaging, with a strong focus on sustainability and global reach in the food and beverage industry.

Conference Call Announcement: FEMSA will hold its Third Quarter Conference Call on October 28, 2024, at 10:30 AM ET, with results released before market opening.

Company Overview: FEMSA operates in retail and beverage industries, employing over 392,000 people across 18 countries, and is recognized for its sustainability efforts through various indices.

FEMSA's Strategic Moves: Fomento Economico Mexicano S.A.B. de C.V. (FEMSA) is divesting its logistics operations to Grupo Traxión for approximately $4,060 million Mexican pesos as part of its Forward Strategy aimed at long-term value creation, while also focusing on enhancing its digital and retail divisions.

Challenges and Growth Prospects: Despite a 14% decline in shares due to issues in the Health division, FEMSA is committed to revitalizing this sector and expanding its retail business organically, with significant growth opportunities anticipated in its Proximity and Health segments.

Dividend Stocks at 52-Week Lows: Several dividend stocks are trading near their 52-week lows, with a list of ten stocks reaching their ex-dividend dates this week.

Investment Opportunity: Investors can purchase these stocks at discounted prices now to benefit from future dividend payouts.