If you are seeking something new to invest in, please keep up reading, as we have brought up with Insider Monkey’s latest article about the 5 best Mexican stocks to buy now. Fomento Económico Mexicano, S.A.B. de C.V. ranks fifth on the list. FEMSA is among the biggest convenience store operators and beverage companies across the globe. Its subsidiary runs Coca Cola franchise in Mexico, additionally FEMSA is the second- largest shareholder in Heineken, the Dutch brewing company. FEMSA also possesses OXXO, the famous and popular Mexican convenience store. At the end of December 2020, Insider Monkey could track 14 hedge funds in the company, while in the third quarter of 2020 there were 16. The largest stakeholder in Fomento Económico Mexicano is First Eagle Investment with having 6 million shares. Fomento Económico Mexicano is followed by América Móvil, S.A.B. de C.V. on the fourth spot. The company belongs to the largest players in mobile network industry with having more than 360 million subscribers. The company have reported lately they are planning to spread 5G coverage in 12 new cities in Brazil. At the end of September 2020, América Móvil had a GAAP EPS of 0.28 Mexican peso. Its revenues boosted 5.4%, however the stock went down 20% during the last year. According to Insider Monkey’s database, the company’s hedge funds positions grew by the end of December 2020, as there were 16 hedge funds, comparing to 15 funds during the third quarter. Jim Simons’ Renaissance Technologies is the largest stakeholder in the company with owning 3.5 million shares, worth $50.7 million. CEMEX, S.A.B. de C.V. stands on the second spot. The company is involved in building materials, such as concrete, cement, etc. It operates in more than 50 countries, in four continents. It owns 66 cement plants and more than 260 distribution centers. The company is also listed on 2020 Forbes Global 2000 compilation. At the end of December 2020, the company reported to reach $70 million of net income. Oaktree Capital Management is the largest stakeholder with owning $33.4 million stake which means 24.5 million shares. Insider Monkey tracked 22 hedge funds in the company at the end of Q4. If you are eager to learn more about the best Mexican stocks to buy now, please click and jump to see the original article.
Pixabay/Public domain
