Report
Zain Akbari, CFA
EUR 98.48 For Business Accounts Only

No Change to Outlook as Mead Johnson Posts Earnings; Acquisition on Track

We are lifting our valuation for wide-moat Mead Johnson to $87 per share from $86 to reflect the time value of money after the firm posted first-quarter earnings. The company’s pending $17 billion acquisition by Reckitt Benckiser for $90 per share remains on track, and the firm continues to expect the transaction to close by the end of the third quarter. With the transaction well on its way and Danone’s acquisition of WhiteWave successfully closed after a lengthy anti-trust review (quelling that...
Underlying
Mead Johnson Nutrition Company

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Zain Akbari, CFA

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch