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NEW YORK, December 17, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Philip Morris International, Inc. (NYSE:PM), Altria Group Inc. (NYSE:MO), Reynolds American Inc. (NYSE:RAI), Constellation Brands Inc. (NYSE:STZ), and Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Philip Morris International, Inc. Research Report
On December 4, 2013, Philip Morris International, Inc. (PMI) announced that it has entered into an agreement to acquire a 20% equity interest in Megapolis Distribution BV, the holding company of CJSC TK Megapolis (Megapolis), PMI's distributor in Russia. According to PMI, the acquisition is valued at approximately $750 million, excluding an additional payment of up to $100 million which is contingent on Megapolis' operational performance over the four fiscal years following the closing of the purchase. PMI reported that it expects to complete the transaction by the end of 2013 without requiring regulatory approvals, and anticipates the acquisition to be accretive to its Q1 2014 EPS. Commenting on the deal, Miroslaw Zielinski, PMI's President, Eastern Europe, Middle East & Africa Region and PMI Duty Free, stated, "In addition to enhanced earnings and cash flow for PMI, this investment paves the way for infrastructure expansion and improved operating efficiencies in the strategic area of distribution in Russia, and will therefore benefit our wide portfolio of leading brands." The Full Research Report on Philip Morris International, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Altria Group Inc. Research Report
On December 11, 2013, Altria Group Inc. (Altria) announced that its Board of Directors has declared a regular quarterly dividend of $0.48 per common share. Altria reported that the dividend will be payable on January 10, 2014, to shareholders of record as of December 26, 2013. The Company also stated that the ex-dividend date is December 23, 2013. The Full Research Report on Altria Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Reynolds American Inc. Research Report
On December 5, 2013, Reynolds American Inc. (Reynolds American) announced that its Board of Directors has declared a quarterly cash dividend of $0.63 per common share ($2.52 per share annualized). Reynolds American reported that the dividend will be payable on January 2, 2014, to shareholders of record on December 16, 2013. The Full Research Report on Reynolds American Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Constellation Brands Inc. Research Report
On December 10, 2013, Constellation Brands Inc. (Constellation Brands) announced that it will release its Q3 FY 2014 results (period ended November 30, 2013) before the market opens on Wednesday, January 8, 2014. Constellation Brands reported that it will host its quarterly conference call at 10:30 a.m. ET on the same day. The Company also stated that the live webcast and replay will be accessible through its Investor Relations website. The Full Research Report on Constellation Brands Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Fomento Económico Mexicano, S.A.B. de C.V. Research Report
On December 6, 2013, Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA) held its Annual Ordinary General Shareholders Meeting today, during which its shareholders approved the payment of a cash dividend in the amount of Ps. 6,684 million, comprising of Ps. 0.42 per each Series "D" share and Ps. 0.33 per each Series "B" share, which amounts to Ps. 2.00 per "BD" Unit or Ps. 20.00 per ADS, and Ps. 1.67 per "B" Unit. The Company informed that the dividend will be payable as of December 18, 2013. The Full Research Report on Fomento Económico Mexicano, S.A.B. de C.V.- including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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