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Weekly Top Insider Buys: Mead Johnson, Molson Coors Brewing Company, Hormel Foods Corp., Atmel Corp., and J. Crew Group Inc.

September 05, 2010 | About:
guruek

gururk

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Weekly highlight of top insider buys: Mead Johnson Nutriti (MJN), Molson Coors Brewing Company (TAP), Hormel Foods Corp. (HML), Atmel Corp. (ATML), and J. Crew Group Inc. (JCG).



Mead Johnson Nutriti (MJN): Director James M Cornelius Bought 10,000 Shares

Director of Mead Johnson Nutriti, James M Cornelius, bought 10,000 shares on 8/30/2010 at an average price of $55.14.

Mead Johnson Nutrition Company is a pediatric nutrition company. Mead Johnson Nutriti has a market cap of $11.28 billion; its shares were traded at around $55.14 with a P/E ratio of 24 and P/S ratio of 3.9. The dividend yield of Mead Johnson Nutriti stocks is 1.7%.



On July 29, Mead Johnson Nutriti Inc. reported results for the second quarter of 2010. Net sales for the quarter ended June 30, 2010, totaled $764.2 million, up 6 percent from $719.3 million a year ago. Earnings before interest and income taxes (EBIT) for the second quarter totaled $172.9 million, down from $218.1 million a year earlier. Net earnings attributable to shareholders for the second quarter of 2010 totaled $121.4 million, or $0.59 per diluted share, compared with $134.5 million, or $0.66 per diluted share for the prior-year period.



Mead Johnson Nutriti Inc. is owned by seven Gurus: George Soros, Steve Mandel, John Paulson, Daniel Loeb, David Winters, Chris Davis, Edward Owens.



Molson Coors Brewing Company (TAP): CFO Stewart Glendinning Bought 4,000 Shares

CFO of Molson Coors Brewing Company, Stewart Glendinning, bought 4,000 shares on 8/31/2010 at an average price of $44.59.

Molson Coors Brewing Company is world's fifth-largest global brewer. Molson Coors Brewing Company has a market cap of $7.29 billion; its shares were traded at around $44.59 with a P/E ratio of 11.9 and P/S ratio of 1.6. The dividend yield of Molson Coors Brewing Company stocks is 2.5%.

On August 3, Molson Coors Brewing Company reported results for the second quarter of 2010. Underlying after-tax income increased 14.2 percent in the second quarter to $234.5 million, or $1.25 per diluted share, up from $205.4 million a year ago, or $1.11 per diluted share. On a reported basis, income from continuing operations attributable to Molson Coors, net of tax, increased 27.0 percent to $237.8 million or $1.27 per diluted share, driven by higher underlying after-tax income and a mark-to-market gain on the Company’s Foster’s-related swap.



Molson Coors Brewing Company is owned David Drenam.



Hormel Foods Corp. (HRL): Vice President Donald H Kremin Bought 1,349 Shares

Vice President of Hormel Foods Corp., Donald H Kremin, bought 1,349 shares on 8/31/10 at an average price of $44.33.

Hormel Foods Corporation is a multinational manufacturer and marketer of consumer-branded meat and food products, many of which are among the best known and trusted in the food industry. Hormel Foods Corp. has a market cap of $5.91 billion; its shares were traded at around $44.33 with a P/E ratio of 15.4 and P/S ratio of 0.9. The dividend yield of Hormel Foods Corp. stocks is 2%. Hormel Foods Corp. had an annual average earning growth of 8.9% over the past 10 years. GuruFocus rated Hormel Foods Corp. the business predictability rank of 5-star.

On August 3, Hormel Foods Corp. reported results for the third fiscal quarter of 2010. The company reported fiscal 2010 third quarter net earnings of $85.4 million, up 11 percent from net earnings of $77.2 million a year earlier. Diluted earnings per share for the quarter were $0.63 this year compared to $0.57 per share last year. Sales totaled $1.7 billion, up 10 percent from $1.6 billion in fiscal 2009.



Hormel Foods Corp. is in the portfolio of NWQ Managers.



Last week, Buy: Vice President Donald H Kremin bought 1,349 shares of HRL stock.

Atmel Corp. (ATML): Director Charles Carinalli Bought 20,000 Shares

Director of Atmel Corp., Charles Carinalli, bought 20,000 shares on 8/31/10 at an average price of $6.35.

Atmel Corporation is a global semiconductor company that designs, develops, manufactures and sells a wide range of highly integrated semiconductor integrated circuit products. Atmel Corp. has a market cap of $2.93 billion; its shares were traded at around $6.35 with a P/E ratio of 90.7 and P/S ratio of 2.5.



On August 4, Atmel Corp. reported results for the second quarter of 2010. Revenues in the second quarter of 2010 were $393.4 million, up 13 percent from $348.5 million in the first quarter of 2010 and up 38 percent from $284.5 million in the second quarter of 2009



Atmel Corp. is in the portfolio of Jean-Marie Eveillard.



Last week, Buy: Director Charles Carinalli bought 20,000 shares of ATML stock. Sell: EVP & COO Walter Lifsey and Sell: VP RFA and Non-Volatile Memory Rod Erin sold shares this month.



J. Crew Group Inc. (JCG): Director Stephen J Squeri Bought 2,500 Shares

Director of J. Crew Group Inc. (JCG) Stephen J Squeri bought 2,500 shares on 08/31/2010 at an average price of $33.8.

J. Crew Group, Inc. operates as a multi-channel specialty retailer in the United States. J. Crew Group Inc. has a market cap of $2.16 billion; its shares were traded at around $33.8 with a P/E ratio of 13.5 and P/S ratio of 1.4.



On August 26, J. Crew Group reported results for the second quarter 2010. Revenues increased 14% to $407.5 million. Store sales increased 14% to $295.0 million, with comparable store sales increasing 11%. Comparable store sales decreased 5% in the second quarter of fiscal 2009. Direct sales (Internet and Phone) increased 16% to $102.5 million. Direct sales increased 6% to $88.2 million in the second quarter of fiscal 2009

J. Crew Group Inc. is owned by two Gurus: John Griffin and Ron Baron.

Last week, Buy: Director Stephen J Squeri bought 2,500 shares of JCG stock. In June, Buy: Director James G Coulter bought 10,000 shares. Buy: Director David C House bought 1,500 shares in March, and Sell: EVP Factory & Madewell Libby Wadle sold 9,000 shares in April.

For the complete list of stocks that bought by their company executives, go to: Insider Buys.


Rating: 2.1/5 (7 votes)

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