Introduction to Nutrisa and Grupo Herdez
Nutrisa, a Mexican company specializing in yogurt-based ice creams and natural products, made its debut on the Bolsa Mexicana de Valores (BMV) with a significant drop in its stock price. The shares opened at 6.15 pesos but closed the Thursday session at 5.47 pesos, marking an 11.06% decrease.
Background on Grupo Herdez
Grupo Nutrisa is a subsidiary of Grupo Herdez, which recently undertook an asset restructuring plan to maximize value for its shareholders. This restructuring included the separation of Alimentos Benefits (Nestlé’s ice cream distribution in Mexico) from Grupo Nutrisa, ensuring it remains part of Grupo Herdez. Additionally, there’s a potential divestment of half of Herdez’s stake in McCormick Mexico by 2026.
Impact on the Market
Benjamin Álvarez Juárez, the head of bursátile analysis at CiBanco, views Nutrisa’s entry into the stock market positively, despite it not being a traditional Initial Public Offering (IPO).
He explains that separating and independently analyzing an attractive business segment, even if it’s relatively small compared to the larger Grupo Herdez operations, is seen as positive due to its growth in retail stores and customer traffic.
Market Reception
Alik García, the deputy director of bursátile analysis at Valmex, notes that despite the restructuring efforts in Herdez’s assets, Nutrisa’s BMV listing reflects a limited devaluation due to the poor market response during its first trading day.
Positive Outlook on New Company Listings
Benjamin Álvarez Juárez emphasizes that new company listings on the stock exchange are generally positive, even if they don’t follow traditional IPO methods.
He points out that cases like Grupo Ollamani, Diablos Rojos, Fibra Next, and now Nutrisa are not conventional IPOs “from scratch,” but they are still considered good news as they reinvigorate the market and offer more investment alternatives.
The expert highlights that the current market context is favorable for companies to join the stock exchange due to historical market highs, more suitable valuations compared to previous periods, and increased incentives for businesses along with investor appetite for Mexican companies.
Key Questions and Answers
- What is Nutrisa and its relationship to Grupo Herdez? Nutrisa is a Mexican company specializing in yogurt-based ice creams and natural products, owned by Grupo Herdez. Grupo Herdez recently restructured its assets to maximize value for shareholders, including separating Alimentos Benefits from Nutrisa and potentially divesting half of its stake in McCormick Mexico by 2026.
- Why is Nutrisa’s debut on BMV significant? Although not a traditional IPO, Nutrisa’s entry into the stock market is viewed positively as it allows for independent analysis of an attractive business segment, which has shown growth in retail stores and customer traffic.
- How did the market react to Nutrisa’s debut? Despite restructuring efforts, Nutrisa’s BMV listing reflected a limited devaluation due to the poor market response during its first trading day.
- What is the general outlook on new company listings? Benjamin Álvarez Juárez and Alik García both express a positive view on new company listings, even if they don’t follow traditional IPO methods. The current market context is favorable for companies to join the stock exchange due to high market valuations, increased investor appetite for Mexican companies, and more investment alternatives.
