Mead Johnson Nutrition CO Director Robert S. Singer Sells 3,000 Shares (MJN)
Mead Johnson Nutrition CO (NYSE:MJN) Director Robert S. Singer sold 3,000 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $89.27, for a total value of $267,810.00. Following the transaction, the director now directly owns 18,676 shares in the company, valued at approximately $1,667,207. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on MJN. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Mead Johnson Nutrition CO in a research note on Monday. They now have a $99.00 price target on the stock, up previously from $97.00. Separately, 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. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $95.26.
Mead Johnson Nutrition CO (NYSE:MJN) traded up 0.23% on Monday, hitting $89.68. The stock had a trading volume of 1,003,144 shares. Mead Johnson Nutrition CO has a 1-year low of $66.80 and a 1-year high of $89.64. The stock’s 50-day moving average is $86.19 and its 200-day moving average is $83.22. The company has a market cap of $18.124 billion and a P/E ratio of 27.37.
Mead Johnson Nutrition CO (NYSE:MJN) last announced its earnings results on Thursday, April 24th. The company reported $1.02 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.85 earnings per share. Mead Johnson Nutrition CO’s revenue was up 7.3% compared to the same quarter last year. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.