Insider Selling: Mead Johnson Nutrition Director Sells 10,000 Shares of Stock (MJN)
Mead Johnson Nutrition (NYSE:MJN) Director Stephen Golsby sold 10,000 shares of Mead Johnson Nutrition stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $77.22, for a total value of $772,200.00. Following the completion of the sale, the director now directly owns 100,172 shares of the company’s stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
MJN has been the subject of a number of recent research reports. Analysts at First Global initiated coverage on shares of Mead Johnson Nutrition (NYSE:MJN) in a research note to investors on Tuesday, September 3rd. They set a “market perform” rating on the stock. Separately, analysts at Zacks upgraded shares of Mead Johnson Nutrition (NYSE:MJN) from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, August 19th. They now have a $77.10 price target on the stock. Finally, analysts at Credit Suisse upgraded shares of Mead Johnson Nutrition (NYSE:MJN) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, August 7th. They now have a $90.00 price target on the stock.
Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $80.68.
Shares of Mead Johnson Nutrition (NYSE:MJN) traded up 0.62% on Monday, hitting $76.11. The stock had a trading volume of 1,388,637 shares. Mead Johnson Nutrition has a 52 week low of $61.27 and a 52 week high of $86.87. The stock’s 50-day moving average is $75.6 and its 200-day moving average is $77.18. The company has a market cap of $15.404 billion and a price-to-earnings ratio of 25.39.
Mead Johnson Nutrition (NYSE:MJN) last released its earnings data on Thursday, July 25th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.01. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts predict that Mead Johnson Nutrition will post $3.26 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 1st. Shareholders of record on Monday, September 16th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Thursday, September 12th.
Mead Johnson Nutrition Company (NYSE:MJN) is a global pediatric nutrition company.
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