FMX, MXP320321310

JPMorgan lifts target for Fomento Economico Mexicano stock to USD 151

Published on 10/17/2026 at 18:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FEMSA reports October 28, 2026 results. Fomento Economico Mexicano stock was last at USD 126.46 on October 16, 2026, up 4.52 percent.

JPMorgan target and October results

On October 16, 2026, JPMorgan lifted its target for FMX to USD 151.
FEMSA will publish third-quarter results on October 28, 2026.
Fomento Economico Mexicano stock was last at USD 126.46 on October 16, 2026, up 4.52 percent versus USD 120.99.
FMX carried a P/E ratio of 22.93 and a market capitalization of USD 43.1 billion.

FMX, MXP320321310, Illustration mit AI erstellt.

JPMorgan upgraded Fomento Economico Mexicano from Neutral to Overweight on October 16, 2026, and raised its price target from USD 126 to USD 151. The call came from analyst Joseph Giordano, as reported by Markets Insider. The new target stands 19.80 percent above the USD 126.46 price last quoted on October 16, 2026 at 4:00 p.m. ET on the NYSE.

Results arrive on October 28

FEMSA is scheduled to publish its third-quarter 2026 results before the market opens on October 28, 2026. El Fondo reported that the company confirmed the date, while Mexican analyst consensus calls for revenue of MXN 235.76 billion and earnings per share of MXN 2.08.

Stock remains below its yearly high

FMX has a 52-week range of USD 90.87 to USD 141.47. The last USD 126.46 price was 10.61 percent below the high and 39.16 percent above the low. Trading volume reached 1,532,077 shares against an average of 469,184 shares.

The latest move also leaves the stock above its prior close of USD 120.99. The 4.52 percent session increase was larger than Coca-Cola FEMSA's 2.84 percent gain, while PepsiCo rose 2.42 percent on October 16, 2026.

Valuation and comparable stocks

FMX had a market capitalization of USD 43.1 billion and a P/E ratio of 22.93. Its trailing dividend yield was 0.06 percent as of October 16, 2026. The valuation sits between Coca-Cola FEMSA at a P/E ratio of 19.23 and PepsiCo at 16.52.

Comparison with peers

FMX (NYSE, USD): plus 4.52 percent, P/E 22.93, market capitalization USD 43.1 billion
Coca-Cola FEMSA (NYSE, USD): plus 2.84 percent, P/E 19.23, market capitalization USD 25.0 billion
PepsiCo (Nasdaq, USD): plus 2.42 percent, P/E 16.52, market capitalization USD 179.2 billion

What the next price check brings

The October 28 results date is the next scheduled company event, while JPMorgan's USD 151 target provides the newest published valuation marker. The last quoted price was USD 126.46 on October 16, 2026 at 4:00 p.m. ET on the NYSE, up 4.52 percent versus the prior close of USD 120.99.