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.
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.
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