In this article we discuss 5 best Mexican stocks to buy now. If you want to read our detailed analysis of the Mexican economy and about the reasons you should consider Mexican stocks, go to 10 Best Mexican Stocks To Buy Now.
5. Fomento Económico Mexicano, S.A.B. de C.V. (NYSE: FMX)
Fomento Economico Mexicano, or FEMSA, is one of the largest beverage companies and convenience store operators in the world. Its subsidiary operates Coca Cola franchise in Mexico, while the company is also the second biggest shareholder of Dutch brewing company Heineken N.V. FEMSA also owns Mexico’s most famous convenience store chain OXXO.
In the fourth quarter, the company posted GAAP EPADS of 15.12 Mexican Peso, missing the consensus by 1.08 Mexican Peso.
As of the end of the fourth quarter, there were 14 hedge funds in Insider Monkey’s database that held stakes in Fomento Económico Mexicano, S.A.B. de C.V., compared to 16 funds in the third quarter. First Eagle Investment Management, with 6 million shares of FMX, is the biggest stakeholder in the company.