Mead Johnson Nutrition CO (MJN) Given Average Rating of “Hold” by Analysts

Shares of Mead Johnson Nutrition CO (NYSE:MJN) have earned a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the firm. Two investment analysts have rated the stock with a sell recommendation and twelve have assigned a hold recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $84.36.

Several brokerages have recently issued reports on MJN. Susquehanna Bancshares Inc set a $90.00 price objective on shares of Mead Johnson Nutrition CO and gave the stock a “hold” rating in a research report on Saturday, April 1st. Zacks Investment Research upgraded shares of Mead Johnson Nutrition CO from a “sell” rating to a “hold” rating in a report on Wednesday, April 5th. Wells Fargo & Co cut shares of Mead Johnson Nutrition CO from an “outperform” rating to a “market perform” rating and set a $89.00 target price for the company. in a report on Monday, April 3rd. William Blair cut shares of Mead Johnson Nutrition CO from an “outperform” rating to a “market perform” rating in a report on Monday, February 13th. Finally, BMO Capital Markets cut shares of Mead Johnson Nutrition CO from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $84.00 to $90.00 in a report on Friday, February 10th.

Shares of Mead Johnson Nutrition CO (NYSE:MJN) opened at 89.00 on Monday. The stock has a market cap of $16.34 billion, a price-to-earnings ratio of 27.96 and a beta of 1.38. The company has a 50-day moving average price of $88.93 and a 200-day moving average price of $80.82. Mead Johnson Nutrition CO has a 1-year low of $69.25 and a 1-year high of $94.40.

Mead Johnson Nutrition CO (NYSE:MJN) last issued its quarterly earnings data on Thursday, April 27th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.01. Mead Johnson Nutrition CO had a net margin of 14.56% and a negative return on equity of 125.35%. The company had revenue of $883.50 million during the quarter, compared to the consensus estimate of $911.63 million. During the same quarter in the prior year, the firm earned $0.87 earnings per share. The firm’s revenue was down 8.2% compared to the same quarter last year. On average, equities analysts expect that Mead Johnson Nutrition CO will post $3.16 earnings per share for the current fiscal year.

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Several hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in Mead Johnson Nutrition CO during the first quarter worth about $106,000. Oppenheimer Asset Management Inc. acquired a new position in Mead Johnson Nutrition CO during the first quarter worth approximately $120,000. Fuller & Thaler Asset Management Inc. raised its position in Mead Johnson Nutrition CO by 118.2% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,400 shares of the company’s stock worth $190,000 after buying an additional 1,300 shares in the last quarter. Creative Planning raised its position in Mead Johnson Nutrition CO by 4.3% in the first quarter. Creative Planning now owns 2,169 shares of the company’s stock worth $193,000 after buying an additional 89 shares in the last quarter. Finally, Fiduciary Trust Co. acquired a new position in Mead Johnson Nutrition CO during the first quarter worth approximately $205,000. Institutional investors own 95.36% of the company’s stock.

About Mead Johnson Nutrition CO

Mead Johnson Nutrition Company (Mead Johnson) is a pediatric nutrition company. The Company manufactures, distributes and sells infant formulas, children’s nutrition and other nutritional products. The Company operates through three segments: Asia, Latin America and North America/Europe. Its product portfolio includes routine and specialty infant formulas, children’s milks and milk modifiers, dietary supplements for pregnant and breastfeeding mothers, pediatric vitamins, and products for pediatric metabolic disorders.

12 Month Chart for NYSE:MJN

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