Neogen Corp (NEOG)

Over the past six months, Neogen's stock has experienced significant fluctuations. In January 2026, Neogen reported Q4 CY2025 results that beat expectations, leading to a stock jump. In April 2026, Neogen reported lower revenues due to production challenges and end-market headwinds. The departure of the CEO and president in April 2025, following the resignation of the COO, led to a significant drop in share price. The acquisition of 3M's Food Safety Business in September 2022 initially caused the stock to fall due to market worries and integration challenges, including a non-cash goodwill impairment charge.

Neogen's Animal Safety sales are influenced by net farm income, indicating some cyclicality. The company has noted lower-than-normal first-half seasonality in its revenue expectations. May has historically shown the highest probability of a positive return for NEOG stock, while September has the lowest probability, suggesting potential seasonal investment trends.

Neogen Corporation is an international food and animal safety company based in Lansing, Michigan, that develops, manufactures, and markets a range of products and services. The company operates in the manufacturing sector, specifically surgical and medical instrument manufacturing, with a focus on food safety, animal safety, and related diagnostics and health products. Neogen's business is segmented into Food Safety, which focuses on diagnostic test kits and products for food producers and processors, and Animal Safety, which develops, manufactures, and distributes veterinary instruments, pharmaceuticals, vaccines, and genomics testing services.

Neogen Corporation has a worldwide presence with a commercial footprint in over 40 countries. Its corporate headquarters are in Lansing, Michigan, USA, with additional facilities in other U.S. locations and internationally in Mexico, Brazil, Scotland, England, India, Australia, and China. The company serves a wide range of countries including Canada, the United States, the United Kingdom, parts of Europe, Mexico, Brazil, India, and China.

Neogen maintains a strong market position supported by its brand recognition and commitment to global food security and animal well-being. However, its reputation has likely been impacted by operational inefficiencies, supply chain challenges, and leadership changes. The stock price decline following the CEO's departure and missed earnings in April 2025 also reflects a hit to investor confidence.

Neogen's ownership is heavily influenced by institutional investors, who collectively hold a significant percentage of the company's stock. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc., and others. Insider ownership is a smaller percentage, but saw a slight increase in May 2025. James L. Herbert is the largest individual shareholder.