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.
4. América Móvil, S.A.B. de C.V. (NYSE: AMX)
America Movil is one of the largest mobile network operators with over 360 million subscribers. The Forbes Global 2000 company recently announced its plans to expand 5G coverage to 12 new cities in Brazil. In the third quarter, the company posted a GAAP EPS of 0.28 Mexican peso. Revenue in the period jumped 5.4%. The stock is down 20% over the last 12 months.
According to our database, the number of AMX’s long hedge funds positions increased at the end of the fourth quarter of 2020. There were 16 hedge funds that hold a position in América Móvil, S.A.B. de C.V. compared to 15 funds in the third quarter. The biggest stakeholder of the company is Jim Simons’ Renaissance Technologies, with 3.5 million shares, worth $50.7 million.
3. Grupo Televisa, S.A.B. (NYSE: TV)
Grupo Televisia is one of the 10 best Mexican stocks to buy now. The company operates a direct-to-home (DTH) satellite pay television system, offers DTH broadcast satellite pay television services and produces entertainment content in Spanish watched in over 50 countries. The stock is down 16% over the last 12 months.
As of the end of the fourth quarter, 20 hedge funds in Insider Monkey’s database of 887 funds held stakes in Grupo Televisa, S.A.B., compared to 17 funds in the third quarter. Harris Associates is the biggest stakeholder in the company, with 64.2 million shares, worth $528.9 million.
2. CEMEX, S.A.B. de C.V. (NYSE: CX)
Cemex is a building material company which sells cement, concrete and aggregates in more than 50 countries. With operations in four continents, 66 cement plants and over 260 distribution centers, the company was named in the 2020 Forbes Global 2000 list. In the fourth quarter, the company swung to a profit, with a net income of $70 million, compared to a loss of $238 million in the same quarter a year ago.
With a $33.4 million stake in CEMEX, S.A.B. de C.V., Oaktree Capital Management owns 24.5 million shares of the company as of the end of the fourth quarter of 2020. Our database shows that 22 hedge funds held stakes in CX as of the end of the fourth quarter.
1. Wal-Mart de México, S.A.B. de C.V. (BMV: WALMEX.MX)
Walmart de Mexico, or Walmex, is the Mexican arm of U.S. retail giant Walmart. It ranks 1st on our list of 10 best Mexican stocks to buy now. The company has over 2600 stores in the country, including 287 Walmart Supercenters. The company has been trading in the Mexican stock exchange since 1977. Walmex also had a restaurant division called Vips, which was acquired by Mexican restaurant company Alsea in 2013 for over $600 million.
Wal-Mart de México, S.A.B. de C.V. currently has a $54 billion market capitalization.
According to our database, the number of WALMEX’s parent Walmart’s long hedge funds positions increased at the end of the fourth quarter of 2020. There were 70 hedge funds that hold a position in Walmart, compared to 69 funds in the third quarter. The biggest stakeholder of the company is Fisher Asset Management, with 11.8 million shares, worth $1.7 billion.
You can also take a peek at John Rogers’ Top 10 Stock Picks and Value Investor Bill Miller’s Top 10 Stock Picks.
