Mead Johnson Nutrition Co
Assessing Mead Johnson’s Market Valuation in 2016
As of January 12, Mead Johnson was trading at a higher multiple than Abbott Laboratories, XLP, and SPY but lower than Nestlé and Kraft Heinz.
How Does Mead Johnson Compare to Key Moving Averages?
On May 4, Mead Johnson closed at $84.87—9.5% above its 100-day moving average, 4.2% above its 50-day moving average, and 0.1% above its 20-day moving average.
Analysts Recommendations for Mead Johnson after Its 1Q16 Results
Analysts’ ratings remain the same for Mead Johnson. Approximately 38% of the analysts still rate it a “buy,” 50% rate it a “hold,” and 12% rate it a “sell.”
Kraft Heinz Reported 2Q15 Results after the Merger
On August 10, the Kraft Heinz Company reported its 2Q15 results for Kraft Foods and H.J. Heinz for the periods ending June 27 and June 28, respectively.
Keurig Green Mountain: Gross Margin Fell in Last Reported Quarter
Keurig Green Mountain reported a gross profit of $349 million or 36.0% of net sales in its last reported quarter. It fell 750 basis points compared to 3Q14.
Hain Celestial Group Prepares to Report 1Q16 Results
The Hain Celestial Group’s net sales in the United States rose 3% YoY (year-over-year) to $332.8 million in the last quarter. Net sales in the United Kingdom fell 7.8% to $184.90 million.
Why Are Market Participants Concerned about December 2015?
The addition of “at its next meeting” in the FOMC’s October statement has led market participants to believe that a rate hike may be effected in its December meeting.
Mead Johnson’s Path forward in China—amid Challenges
Because price discounting is common in China, Mead Johnson has so far not witnessed an increase in the consumption of its infant formula products there.
Emerging Markets Drive Abbott’s Nutritional Business Growth
In 1Q17, Abbott Laboratories’ (ABT) Nutritional segment reported revenue of nearly $1.6 billion, a year-over-year (or YoY) fall of ~1%.
Where Canadians Would Prefer to Buy Recreational Marijuana
In the previous part of this series, we briefly discussed how the different active components of the cannabis plant make it a more complex product than tobacco and alcohol.
Mead Johnson Plans to Focus on R&D to Support Innovations
Mead Johnson follows a strategy of investments in innovation, having expanded its liquids portfolio and rolled out its key specialty formulas across Asia.
Running down Mead Johnson’s Product Categories and Offerings
Mead Johnson’s product portfolio addresses a broad range of nutritional needs for infants, children, and expecting and nursing mothers.
Mead Johnson & Company Gets Upgraded to ‘Neutral’
Mead Johnson & Company (MJN) has a market cap of $17.0 billion. It rose by 0.46% to close at $90.95 per share on July 13, 2016.
Infant Nutrition May Be the Fastest-Growing Packaged Food Market
Zenith International estimates that infant nutrition will be the fastest-growing packaged foods market in five years, with an annual growth rate of 7%.
Mead Johnson Nutrition Declares Dividend of $0.41 Per Share
Mead Johnson Nutrition rose 1.2% to close at $72.85 per share on December 14. Its weekly, monthly, and YTD price movements were 0.16%, 0.83%, and -6.3%.
Analyzing Mead Johnson’s Stock Performance in 2015
As of January 6, Mead Johnson had a market cap of $15.4 billion. In 2015, MJN’s stock price dropped by 26.6% to $78.95.
Mead Johnson’s Capacity Expansion Initiatives Aim to Support Global Growth
At the end of fiscal 2014, Mead Johnson had nine in-house manufacturing plants around the world, with supply in more than 50 countries.
Reputation Issues for Marijuana and Cryptocurrency
The cannabis industry has a cryptocurrency called PotCoin, which was created to provide an ecosystem to serve some of the needs of a cannabis-related business.
Mead Johnson Nutrition Just Declared Quarterly Dividend
Mead Johnson fell 1.2% to close at $73.16 per share on March 2. MJN’s weekly, monthly, and YTD price movements were 0.66%, 1.7%, and -7.3%, respectively.
How Did ConAgra Foods Use the Proceeds from Its Divestiture?
ConAgra Foods (CAG) completed the divestiture of its private-label business on February 1, 2016. The company received proceeds of more than $2.6 billion.
Tyson Foods’ Beef Segment Contributed Most to Fiscal 1Q16 Revenue
Favorable market conditions related to an increase in supply, which drove down fed cattle costs, resulted in the rise in operating profit to $71 million for Tyson Foods’ Beef segment in fiscal 1Q16.
Which Segments Contributed to Hormel Foods’ Fiscal 1Q16 Earnings?
The Refrigerated Foods segment accounted for 51% of Hormel Foods’ total sales and 45% of its total segmental operating profit in fiscal 1Q16.
Diamond Foods’ Gross Margin Improved in Fiscal 1Q16
Diamond Foods’ (DMND) gross profit for the first quarter of fiscal 2016 was $61 million, or 27.1% of net sales, compared to 24.1% for fiscal 1Q15.
How Did Mead Johnson’s Stock React to the Fiscal 4Q15 Results?
The stock rose 3% with the earnings beating estimates and revenue in line with estimates. Mead Johnson fell by ~10% in 2016 as of January 28, closing at $70.2.
Is 2016 a Year of Transition for Mead Johnson?
Mead Johnson (MJN) believes 2016 will be a year of transition for the company. It plans to invest heavily in reshaping its portfolio and boosting investments in new channels in China.
Abbott Witnesses Stability in Its International Pediatric Nutrition Sales in 4Q17
In 4Q17, Abbott Laboratories (ABT) reported low-single-digit sales in its Nutrition segment, according to the company’s expectations.
How Canopy Growth Plans to Sell Recreational Marijuana
In Canopy Growth Corporation’s (WEED) filings, the company stated that it will invest in functions such as marketing, branding, and sales when regulated marijuana becomes legal in countries including Canada.
Who Will Be the Biggest Players in the Marijuana Space?
With the marijuana sector heating up in Canada lately, we know that several existing and new companies will be rushing to capitalize on the opportunity.
Kuvan Could Boost BioMarin’s Revenue Growth in 2017
In 2016, BioMarin Pharmaceuticals’ (BMRN) Kuvan reported revenues of around $348 million, a ~45% year-over-year (or YoY) increase.
Abbott’s Nutrition Segment: Chinese Headwinds Continue
Abbott Laboratories (ABT) reported about $1.6 billion of revenues from its Nutrition segment, representing a YoY (year-over-year) fall of ~1.0%.
A Look at Mead Johnson Nutrition’s 4Q16 Performance
Mead Johnson Nutrition Company (MJN) fell 4.8% to close at $71.24 per share during the fourth week of January 2017.
What’s the Latest News on Whirlpool?
Whirlpool (WHR) fell 8.0% to close at $170.85 per share during the fourth week of January 2017.
Citigroup Downgrades Reynolds American to ‘Neutral’
Reynolds American (RAI) has a market cap of $82.4 billion. It rose 0.55% to close at $58.00 per share on January 18, 2017.
Berenberg Rated Mead Johnson Nutrition Company as a ‘Sell’
Mead Johnson Nutrition Company (MJN) has a market cap of $13.9 billion. It rose 5.3% to close at $75.25 per share on January 18, 2017.
Robert W. Baird Downgrades Autoliv to ‘Neutral’
Price movement Autoliv (ALV) has a market cap of $8.5 billion. It fell 1.1% to close at $96.32 per share on October 28, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -3.1%, -7.5%, and -21.6%, respectively, on the same day. ALV is trading 5.9% below its 20-day moving average, 7.9% below […]
The YTD 2016 Sector Composition of MIGFX
Information technology and healthcare are the two biggest sectors in the MFS Massachusetts Investors Growth Stock Fund (MIGFX). Combined, they form a little over half of the portfolio.
How Much Did Hormel Foods’ Margins Rise in Fiscal 3Q16?
Hormel Foods reported an operating profit of $275 million in fiscal 3Q16—an increase of 19% compared to fiscal 3Q15. Its operating margin rose to 11.9%.
Which Segments Drove Hormel Foods’ Fiscal 3Q16 Earnings?
Hormel Foods (HRL) operates through five segments. The Refrigerated Foods segment accounted for 45% of its total segmental operating profit in fiscal 3Q16.
What Drove Hain Celestial’s Strong Revenue in Fiscal 3Q16?
Hain Celestial’s earnings for the third quarter grew 9% year-over-year and were in line with analysts’ estimates. Adjusted EPS (earnings per share) came in around $0.49 for fiscal 3Q16.
What Made Kellogg Update Its Fiscal 2016 Guidance?
In its fiscal 2Q16 earnings release, Kellogg stated that it expects its fiscal 2016 cash flow from operating activities to be ~$1.7 billion.
Which Segment Drove Tyson Foods’ Fiscal 3Q16 Revenue?
Together, Tyson Foods’ Beef and Chicken segments contributed 68% to total net sales in fiscal 3Q16, and the Chicken segment contributed the most to total operating profit.
Which Stocks Were the Outliers in the Consumer Space on August 3?
On August 3, 2016, the S&P 500 slightly outperformed the S&P Consumer Discretionary and the S&P Consumer Staples.
Analysts’ Ratings of Mead Johnson Nutrition after 2Q16 Earnings
On August 1, 2016, Mead Johnson Nutrition Company (MJN) was trading at $87.72. After 2Q16 earnings, the average broker target price for Mead Johnson Nutrition increased by 4% to $94.90 from $91.0.
What Made Mead Johnson Nutrition Revise Expectations for 2016?
Mead Johnson Nutrition revised its net sales outlook. It now expects constant-dollar sales to fall 0%–2% year-over-year in 2016.
Why Did Mead Johnson Nutrition’s Earnings Rise 16% in 2Q16?
In 2Q16, Mead Johnson Nutrition’s (MJN) EPS (earnings per share) increased 16% to $0.88, compared to $0.76 in 2Q15.
Mead Johnson Nutrition Reports Higher Operating Profit for 2Q16
For fiscal 2Q16, Mead Johnson Nutrition Company (MJN) reported that its operating profit rose 10% compared to the prior year’s corresponding quarter to $230 million on a constant-currency basis.
What Hurt Mead Johnson Nutrition’s Revenue in 2Q16?
In 2Q16, Mead Johnson (MJN) reported a drop in revenue of ~9% to $942 million, compared to revenue of ~$1.0 billion in 2Q15.
Mead Johnson Nutrition’s Stock Falls after 2Q16 Earnings
On July 28, 2016, Mead Johnson Nutrition Company (MJN) reported its financial results for 2Q16 and 1H16. The stock fell ~2% after the 2Q16 earnings announcement, with sales missing analysts’ estimates.
Société Générale Downgrades Mead Johnson Nutrition to a ‘Hold’
Mead Johnson Nutrition Company (MJN) has a market capitalization of $16.6 billion. It fell by 0.77% to close at $89.20 per share on July 29, 2016.
Where Is Mead Johnson in Comparison to Key Moving Averages?
On July 15, 2016, Mead Johnson (MJN) closed at $91.38. That’s 9.3% above its 100-day moving average, 6.6% above its 50-day moving average, and 3.0% above its 20-day moving average.
What Analysts Recommend for Mead Johnson ahead of 2Q16 Results
As of July 15, 2016, Mead Johnson (MJN) was trading at $91.38.
How Is Mead Johnson Rewarding Shareholders?
Mead Johnson Nutrition Company (MJN) returned $326 billion to shareholders through dividends and $1,437 billion through share repurchases in 2015.
What Could Help Mead Johnson’s Earnings in 2Q16?
Analysts are expecting Mead Johnson’s adjusted EPS to be $0.78 compared to $0.76 in 2Q15.
What Will Hurt Mead Johnson’s 2Q16 Revenue?
Analysts are expecting Mead Johnson’s revenue to be $964 million for 2Q16. That’s a fall of 7% compared to 2Q15 revenues of $1.0 billion.
How Is Mead Johnson Improving Its Product Portfolio in China?
China accounts for around one-third of Mead Johnson’s global business.
How Has Mead Johnson Grown through Innovation?
Mead Johnson (MJN) participated and discussed some key strategies in the Deutsche Bank Global Consumer Conference held last month.
How the Stronger Dollar and Market Dynamics Affected MJN in 1Q16
On a YoY (year-over-year) basis, revenue fell 20% to $962 million as compared to revenue of around $1.1 billion in 1Q15.
Why Did General Mills’ Earnings Fall in Fiscal 4Q16?
General Mills’ (GIS) fiscal 4Q16 earnings beat estimates by 10%. Adjusted EPS, however, declined 12% compared to fiscal 4Q15.
Will General Mills Miss Sales Estimates Again in Fiscal 4Q16?
Analysts are expecting General Mills’ (GIS) revenue to be $3.9 billion for fiscal 4Q16, a decline of 10% compared to 4Q15 revenue of $4.3 billion.
A Look at MIGFX’s Portfolio Changes
MIGFX invests at least 80% of its assets in common and preferred stocks, convertible securities, and depositary receipts.
Chicken, Beef, or Pork: Which Segment Drove Tyson Foods’ Revenue?
In Tyson Foods’ Chicken segment, sales improved in 2Q16. The segment reported $2,737 million in net sales.
What Contributed to Pinnacle Foods’ Revenue in Fiscal 1Q16?
Pinnacle Foods’ (PF) revenue grew by 13.3% to $754 million in fiscal 1Q16 as compared to revenue of $665 million in fiscal 1Q15.
How Did Hain Celestial Perform in Fiscal 2Q16?
Hain Celestial Group’s (HAIN) fiscal 2Q16 had the strongest revenue performance in its history. The net sales for 2Q16 were $752.6 million.
Abbott’s Nutrition Segment Reported Strong Sales Growth in 1Q16
Abbott Laboratories (ABT) reported ~$4.9 billion in total revenues in 1Q16.
Did ConAgra Foods’ Revenue Rise in Fiscal 3Q16?
Before the opening bell on April 7, ConAgra Foods (CAG) reported its financial results for fiscal 3Q16, which ended February 28, 2016. CAG’s revenue increased by 0.69% year-over-year.
Credit Agricole Downgraded WhiteWave Foods to ‘Outperform’
WhiteWave Foods (WWAV) has a market cap of $7.0 billion. It fell by 5.7% and closed at $39.47 per share on April 4, 2016.
General Mills’ 3Q16: How Segments Fed Sales and Operating Profit
General Mills’ (GIS) US Retail segment accounts for almost 60% of its revenue every quarter, contributing 62% in fiscal 3Q16.
Fact File: The MFS Massachusetts Investors Growth Stock Fund
The MFS Massachusetts Investors Growth Stock Fund invests at least 80% of its assets in common and preferred stocks, convertible securities and depositary receipts.
Pinnacle’s Birds Eye Frozen Segment Contributed the Most in 4Q15
Pinnacle Foods (PF) operates through three segments—the Birds Eye Frozen segment, Duncan Hines Grocery segment, and Specialty Foods segment.
Did Pinnacle’s Revenue Benefit from the Gardein Acquisition?
In 4Q15, Pinnacle Foods (PF) reported sales of $723 million—an increase of 2.4% compared to 4Q14. The revenue for 4Q14 was $705 million.
Campbell Soup in Fiscal 2016: What’s the Raised Guidance?
Campbell Soup raised its earnings guidance for fiscal 2016 one week before the earnings release due to better-than-expected results for the second quarter.
MJN’s Guidance for Fiscal 2016: Non-GAAP EPS at $3.48–$3.60
Mead Johnson’s earnings release provided guidance for fiscal 2016. It expects its fiscal 2016 constant dollar sales to be in a range of 0%–2% above fiscal 2015.
Hain Celestial’s Revenue Rose by 8% in Fiscal 2Q16
The Hain Celestial Group’s (HAIN) net revenue of $752.6 million for fiscal 2Q16 beat estimates slightly by 0.43%.
Growth of Abbott’s Nutrition Segment Driven by Sales
Abbott Laboratories (ABT) reported ~$5.2 billion of revenues worldwide in 4Q15. Of that, ~$1.8 billion was generated through the company’s Nutrition segment, which accounts for about 35% of Abbott’s total revenues.
Hurdles for Mead Johnson’s Growth: Weaknesses and Threats
Mead Johnson invests very little in R&D—only 2.5% of its sales. By contrast, Nestlé and Abbott Laboratories spent 1.7% and 6.6%, respectively, on R&D.
Weighing Mead Johnson’s Strengths and Opportunities in 2016
Mead Johnson is known for its higher quality and responsible sourcing and has witnessed a high degree of brand loyalty and higher margins for its offerings.
How Mead Johnson Rewards Its Shareholders
Between fiscal 2010 and 2014, Mead Johnson returned $1.5 billion to its shareholders in the form of dividends and share repurchases.
Evaluating Mead Johnson’s Financials Compared with Competitors
At the end of fiscal 2014, Mead Johnson Nutrition had a total debt of $1.5 billion. Almost all of the company’s debt is a long-term debt.
Mead Johnson Plans to implement Zero-based Budgeting to Reduce Cost
Mead Johnson also plans to implement zero-based-budgeting for simplification and standardization.
Mead Johnson Has Big Opportunities for Growth in China
In November, China ended its one-child policy. Euromonitor expects baby formula sales there to increase from $19.9 billion now to $40.6 billion in 2020.
Analyzing the Financials of Mead Johnson, a Heavy Hitter in Pediatric Nutrition
Mead Johnson Nutrition Company is a global leader in pediatric nutrition. The company has a portfolio of 70 products in more than 50 countries.
What General Mills’ Segments Contributed in Fiscal 2Q16
In fiscal 2Q16, net sales for General Mills’ U.S. Retail segment totaled $2.8 billion, a fall of 4% compared to fiscal 2Q15 mainly due to pound volume.
Diamond Foods’ Gross Margin Improved in the Last Quarter
Diamond Foods’ gross profit for the fourth quarter of fiscal 2015 was $54.5 million, or 27% of net sales, compared to 22.5% for fiscal 4Q14.
Tyson Foods Reports a Rise in Operating Profit for Fiscal 4Q15
Tyson Foods reported an operating profit of $550 million in fiscal 4Q15, a rise over fiscal 4Q14. Its adjusted operating income rose to $568 million.
Hormel Foods’ Earnings Beat Consensus Estimates in Fiscal 4Q15
Hormel Foods (HRL) reported fiscal 4Q15 non-GAAP (generally accepted accounting principles) net earnings of $187, an increase of 9%.
Hormel Foods’ Fiscal 4Q15: Why Did Margins Improve?
Hormel Foods (HRL) reported a non-GAAP (generally accepted accounting principles) operating profit of $292 million in fiscal 4Q15.
Keurig Green Mountain Sales Declined in Fiscal 4Q15
Keurig Green Mountain (GMCR) reported fiscal 4Q15 net sales of $1.0 billion compared to $1.2 billion in fiscal 4Q14. Sales fell by 11% excluding currency impacts.
Investment-Grade Bond Funds Witnessed Inflows for the Third Week
The flows into investment-grade bond funds were positive for the week ending October 28. This was the third consecutive week of inflows.
The Kraft Heinz Merger and Its Benefits
Pittsburgh-based H.J. Heinz Holding Corporation acquired Kraft Foods in October. After the merger, the company changed its name to Kraft Heinz.
Hain Celestial’s Acquisitions in Fiscal 2015 and Their Benefits
In the third quarter of fiscal 2015, the Hain Celestial Group acquired the remaining ~80% of EK Holdings and its wholly owned subsidiary, Empire Kosher Poultry.
Kellogg’s Acquisitions and Their Benefits
The price of Kellogg’s acquisition of Diamond Foods is expected to reach over $1.5 billion, and Kellogg could offer the company between $35 and $40 per share.
Kellogg Company’s Outlook for Fiscal 2016
On October 23, the Kellogg Company announced that its Board of Directors declared a dividend of $0.50 per share on the company’s common stock.
Kellogg Company’s Stock Reaction to Its Earnings Release
The Kellogg Company’s stock didn’t react well to the 3Q earnings release and fell by 4%. The stock closed at $68.09 on November 3.
Kellogg Company’s Disappointing Performance in 3Q15
The Kellogg Company’s (K) net sales in 3Q15 fell 8.5% quarter-over-quarter to $3.3 billion due to the effect of currency translation. The company also missed analyst estimates of $3.4 billion in revenue.
Kellogg Company’s Acquisitions and Their Benefits
The Kellogg Company’s acquisitions this year include Mass Food Group and BiscoMisr, and it is planning a deal with Diamond Foods that is expected to reach over $1.5 billion.
Microsoft Led the High-Grade Bond Issuance Last Week
US corporates were the biggest issuers of high-grade bonds in the week ending October 30. They accounted for 67.1%, or $25.7 billion, of all the issues.
Why Did Investment-Grade Corporate Bonds’ Issuance Rise?
There were investment-grade corporate bonds worth $38.2 billion issued in the primary market in the week ending October 30—the highest since September 18.
Asia Segment Contributed 49% to Mead Johnson’s Sales in 3Q15
On October 20, 2015, Mead Johnson’s board of directors approved a new share repurchase authorization of $1.5 billion of the company’s common stock.
Mead Johnson Company’s Stable Performance in 3Q15
Mead Johnson reported net sales of $977.5 million in 3Q15. It recorded strong performance in the North America–Europe segment, which was insufficient to offset its sales weakness in emerging markets.
Paulson & Co. starts new positions in TWC, S, MNK, FDX, Sells MJN, ELN – 13F Flash (A)
Paulson & Co., founded in 1994 by John Paulson, is an investment management firm specializing in event-driven arbitrage strategies (including merger arbitrage, bankruptcy reorganizations, and distressed credit), structured credit, recapitalization, restructuring, and other corporate events. The firm operates as a partnership consisting of John Paulson and the other partners of the firm. Paulson & Co. […]