IL Reduces Position in Mead Johnson Nutrition CO (MJN)
- Author: Zachary Reyes Jun 02, 2017,
Jun 02, 2017, 15:21
(MSFT) by 62.8% based on its latest 2016Q4 regulatory filing with the SEC. The company saw 0.8 million shares trade hands over the course of the day. The institutional investor held 9.62M shares of the medical and dental instruments company at the end of 2016Q4, valued at $426.42M, up from 9.29 million at the end of the previous reported quarter. The stock has been active on the tape, now trading at $89.42, up from yesterday's close by 0.08%. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering. Baxter International Inc (NYSE:BAX) has risen 32.55% since June 1, 2016 and is uptrending. It has outperformed by 61.17% the S&P500. CA now owns 4,200 shares of the company's stock valued at $374,000 after buying an additional 15 shares in the last quarter. Veritas Asset Management Llp who had been investing in Baxter International Inc for a number of months, seems to be bullish on the $32.59 billion market cap company. The stock decreased 0.93% or $0.74 during the last trading session, reaching $79.24. Coliseum Capital Management - LLC sold $2.17 million worth of stock.
WARNING: "Norinchukin Bank The Has $3.15 Million Stake in Mead Johnson Nutrition CO (MJN)" was first reported by Stock Observer and is the sole property of of Stock Observer. It has underperformed by 9.20% the S&P500. Parametric Port Associate Ltd Com invested 0.04% in Mead Johnson Nutrition CO (NYSE:MJN). For the last month, company shares are 0.71%. BAX's profit will be $309.64M for 26.38 P/E if the $0.57 EPS becomes a reality. Mead Johnson Nutrition CO presently has a consensus rating of "Hold" and a consensus price target of $84.83. Mead Johnson Nutrition CO (NYSE:MJN) has risen 7.50% since May 30, 2016 and is uptrending. That's a potential 0.09 increase relative to where MJN has been trading recently. Its up 0.01, from 1.38 in 2016Q3. It turned negative, as 47 investors sold MJN shares while 211 reduced holdings. Noting its average daily volume at 2.13 million shares each day over the month, this signifies a pretty significant change over the norm. Bkd Wealth Ltd Liability Corp holds 0.17% or 29,277 shares in its portfolio. The institutional investor owned 2,887 shares of the company's stock after selling 48 shares during the period. Balyasny Asset Mgmt Limited Liability Co owns 399,375 shares. 8,877 were reported by Argi Service Limited Liability Corporation. New York-based Tocqueville Asset Mgmt Limited Partnership has invested 0% in Baxter International Inc (NYSE:BAX). Fred Alger accumulated 17,056 shares or 0% of the stock. Jane Street Llc has 58,873 shares for 0.02% of their portfolio. Cetera Advisor Network Ltd, a California-based fund reported 4,222 shares. Conning reported 0.02% stake.
Veritas Asset Management Llp, which manages about $9.40B US Long portfolio, decreased its stake in Varian Medical Systems Inc (NYSE:VAR) by 3.31 million shares to 2.05 million shares, valued at $184.05M in 2016Q4, according to the filing. Therefore 13% are positive. Sabal has 0.06% invested in Baxter International Inc (NYSE:BAX). The rating was downgraded by Societe Generale to "Hold" on Friday, July 29. EPS growth gives a good picture of the rate at which a firm has grown its profitability per unit of equity. RBC Capital Markets maintained Baxter International Inc (NYSE:BAX) on Wednesday, October 26 with "Sector Perform" rating. The rating was maintained by BMO Capital Markets on Friday, May 5 with "Buy". A rating of 4 or 5 would indicate a consensus Sell. The stock has "Buy" rating by Citigroup on Monday, April 18. Leerink Swann raised Baxter International from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $54.00 to $64.00 in a research report on Tuesday, April 4th. Css Lc Il holds 0.01% or 5,173 shares.
Analysts await Baxter International Inc (NYSE:BAX) to report earnings on July, 25.
Several other large investors also recently added to or reduced their stakes in the stock. More interesting news about Baxter International Inc (NYSE:BAX) were released by: Twst.com and their article: "Baxter International Inc.: Baxter and Mayo Clinic Launch Research and ..." published on May 31, 2017 as well as Nasdaq.com's news article titled: "Ex-Dividend Reminder: McKesson, Teva Pharmaceutical Industries and Baxter ..." with publication date: May 30, 2017.
Since January 30, 2017, it had 0 buys, and 14 insider sales for $2.55 billion activity. Wedgewood Partners accumulated 1.45M shares or 2.51% of the stock. Oakworth Cap has invested 0% in Loews Corporation (NYSE:L). Therefore 45% are positive. Equities analysts predict that Mead Johnson Nutrition CO will post $3.16 earnings per share for the current fiscal year. Sterne Agee CRT downgraded the shares of VFC in report on Tuesday, August 4 to "Neutral" rating. The firm has "Buy" rating given on Friday, October 21 by Nomura. Finally, Evercore ISI reissued an "outperform" rating and set a $60.00 target price (up previously from $57.00) on shares of Baxter International in a research note on Saturday, April 29th. The stock of KeyCorp (NYSE:KEY) earned "Buy" rating by Vetr on Monday, August 24. The company has market cap of $405.81 million. The company was initiated on Friday, February 5 by Jefferies. The stock has "Hold" rating by Berenberg on Thursday, February 2.
Cintas Corporation (CTAS) observed trading 2.08% away from the 20-day moving average and 1.13% off from its 50-day simple moving average.
Investors sentiment increased to 1.39 in Q4 2016. Its up 0.14, from 1.02 in 2016Q3. (NASDAQ:LHCG). Systematic Fincl Mngmt LP has 0.03% invested in LHC Group, Inc. Analog Devices, Inc. (NASDAQ:ADI) revealed that the BOD has declared a quarterly cash dividend of $0.45 per outstanding share of common stock, representing an annual dividend per share of $1.80. Ancora Advsrs Limited Com has 3,116 shares for 0.01% of their portfolio.