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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:
Saj Karsan

gururk

7 followers
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.

About the author:

gururk
Saj Karsan founded an investment and research firm that is based on the principles of value investing. He has an MBA from the Richard Ivey School of Business, and an undergraduate engineering degree from McGill University.

Rating: 2.1/5 (7 votes)

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