Insiders Cut Stakes in Standex Int’l Corp. (SXI) and Mead Johnson Nutrition CO (MJN)

Moving on to Mead Johnson Nutrition CO (NYSE:MJN), where Kimberly A. Casiano, a Director on the company’s board, unloaded 1,138 shares of Mead Johnson Nutrition CO (NYSE:MJN) in multiple transactions on September 1 at a weighted average price of $76.61, reducing her stake to 6,142 shares. Mead Johnson Nutrition CO (NYSE:MJN) is a pediatric nutrition company with a portfolio of more than 70 products. After remaining flat during the first quarter, its stock has been gradually declining since April and has lost more than 25% year-to-date. In July, Mead Johnson Nutrition CO (NYSE:MJN) lowered its annual sales growth for fiscal 2015 on a constant-dollar basis to the range of 0-2%, from 7% that it had expected earlier. Additionally, the company also lowered its GAAP EPS to $3.56 – $3.71 range, from the previous $3.79 – $3.89. At the end of July, Mead Johnson Nutrition CO (NYSE:MJN) agreed to pay $12 million to the Securities and Exchange Commission to settle bribery charges against its Chinese subsidiary, which was alleged to have bribed hospitals’ employees to recommend its infant formula to new or expecting mothers. Among the investors we track, Ken Griffin‘s Citadel Investment Group upped its stake Mead Johnson Nutrition CO (NYSE:MJN) by 54% to 2.24 million shares during the second quarter.

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