Insider Selling: Dirk Hondmann Sells 6,355 Shares of Mead Johnson Nutrition CO Stock (MJN)
Mead Johnson Nutrition CO (NYSE:MJN) SVP Dirk Hondmann sold 6,355 shares of Mead Johnson Nutrition CO stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $87.00, for a total value of $552,885.00. Following the completion of the transaction, the senior vice president now directly owns 16,062 shares of the company’s stock, valued at approximately $1,397,394. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on MJN. Analysts at Societe Generale raised their price target on shares of Mead Johnson Nutrition CO from $94.00 to $100.00 in a research note on Monday, April 28th. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Mead Johnson Nutrition CO in a research note on Tuesday, April 22nd. They now have a $92.00 price target on the stock, down previously from $93.00. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Mead Johnson Nutrition CO from $89.00 to $92.00 in a research note on Monday, March 10th. They now have an “overweight” rating on the stock. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Mead Johnson Nutrition CO has a consensus rating of “Buy” and a consensus price target of $94.26.
Mead Johnson Nutrition CO (NYSE:MJN) traded up 0.78% on Tuesday, hitting $87.58. 329,560 shares of the company’s stock traded hands. Mead Johnson Nutrition CO has a 1-year low of $66.80 and a 1-year high of $88.87. The stock has a 50-day moving average of $85.22 and a 200-day moving average of $82.74. The company has a market cap of $17.700 billion and a P/E ratio of 26.58.
Mead Johnson Nutrition CO (NYSE:MJN) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.91 by $0.11. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts predict that Mead Johnson Nutrition CO will post $3.70 earnings per share for the current fiscal year.
Mead Johnson Nutrition Company (NYSE:MJN) is a global pediatric nutrition company.
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