Mead Johnson Nutrition CO SVP Sells $1,278,717 in Stock (MJN)
Mead Johnson Nutrition CO (NYSE:MJN) SVP Dirk Hondmann sold 14,559 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $87.83, for a total value of $1,278,716.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Mead Johnson Nutrition CO (NYSE:MJN) traded up 1.11% on Thursday, hitting $88.10. The stock had a trading volume of 1,054,453 shares. Mead Johnson Nutrition CO has a one year low of $66.80 and a one year high of $88.87. The stock has a 50-day moving average of $86.09 and a 200-day moving average of $83.17. The company has a market cap of $17.805 billion and a P/E ratio of 26.65.
Mead Johnson Nutrition CO (NYSE:MJN) last released its earnings data on Thursday, April 24th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Analysts expect that Mead Johnson Nutrition CO will post $3.70 EPS for the current fiscal year.
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 research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $94.26.
Mead Johnson Nutrition Company (NYSE:MJN) is a global pediatric nutrition company.
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