Driehaus Capital Management 13F: Adds $17M to FMX Stake

Driehaus Capital Grows Fomento Económico Mexicano Stake

Driehaus Capital Management increased its investment in Fomento Económico Mexicano, S.A.B. de C.V. FMX, according to a Form 13F filing with the Securities and Exchange Commission. The fund bought extra shares during the period, reflecting a growth approach often seen in growth-oriented managers.

Inside Driehaus Capital's Position Change

The fund added 130,405 shares to its holdings, which worked out to a 19.4% increase. That move brought the total position to 803,253 shares. At the end of the reporting window, that stake had a reported value of about $102.7 million based on the fund's entries. Because 13F forms look backward, this snapshot might not show what the fund holds right now.

Stock Valuation and Trading Levels

Shares of Fomento Económico Mexicano trade on the NYSE around $127.90. The company carries a market capitalization north of $40.8 billion and a price-to-earnings ratio of 23.6. Over the past year, the stock has moved between a low of $90.87 and a peak of $141.47.

Recent Earnings Performance

The company posted an EPS of $5.07 alongside massive yearly revenue figures. Profitability metrics show a net margin of 3.6% and a return on equity of 14.7%. Market participants can look toward the next earnings date on October 28, 2026, for fresh updates.

Dividend Payout Details

The business distributes an annual dividend rate of $5.90, giving investors a dividend yield of 4.97%. The current payout ratio sits at 139.3%.

Wall Street Analyst Updates

Analyst firms have actively updated their views on the brewer and retail operator. On October 16, 2026, JP Morgan kept an Overweight rating while lifting its target to $151.00 from $126.00. Earlier, on October 1, 2026, UBS kept a Neutral rating and set a $130.00 target. Back on August 6, 2026, UBS issued a downgrade to a Neutral rating. Earlier still, on August 4, 2026, B of A Securities raised the stock to a Buy rating with a $150.00 target. Barclays followed on July 14, 2026, with an Equal-Weight rating and a $130.00 target. JP Morgan also maintained an Overweight rating on June 26, 2026, with a $126.00 target. Overall, the stock carries a consensus buy rating from 14 analysts with a mean price target of $134.71.

What the Company Does

Fomento Económico Mexicano operates as a massive franchise bottler of Coca-Cola drinks and runs convenience store chains like OXXO across Latin America and Europe, alongside various pharmacies and fuel stations. These diverse business segments give the firm broad exposure to retail and consumer goods.

What's Ahead for Fomento Económico Mexicano, S.A.B. de C.V.

Investors tracking Driehaus Capital will watch upcoming quarterly disclosures to see if the manager builds further on this holding. Since 13F reports only offer a delayed view of past institutional activity, market participants typically pair these filings with fresh earnings results and analyst updates.