Mead Johnson Nutrition CO Declares Quarterly Dividend of $0.38 (MJN)
Mead Johnson Nutrition CO (NYSE:MJN) announced a quarterly dividend on Wednesday, June 11th, Stock Ratings Network reports. Shareholders of record on Monday, June 23rd will be paid a dividend of 0.375 per share on Thursday, July 3rd. This represents a $1.50 annualized dividend and a dividend yield of 1.73%.
A number of analysts have recently weighed in on MJN shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Mead Johnson Nutrition CO in a research note on Monday, June 2nd. They now have a $99.00 price target on the stock, up previously from $97.00. On a related note, 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 equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $95.26.
Shares of Mead Johnson Nutrition CO (NYSE:MJN) traded down 0.98% on Wednesday, hitting $86.75. The stock had a trading volume of 779,451 shares. Mead Johnson Nutrition CO has a one year low of $66.80 and a one year high of $89.94. The stock has a 50-day moving average of $87.26 and a 200-day moving average of $83.58. The company has a market cap of $17.532 billion and a price-to-earnings ratio of 26.80.
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. On average, analysts predict that Mead Johnson Nutrition CO will post $3.70 earnings per share for the current fiscal year.
In other Mead Johnson Nutrition CO news, Director Robert S. Singer unloaded 3,000 shares of the stock on the open market in a transaction dated Friday, May 30th. The shares were sold at an average price of $89.27, for a total transaction of $267,810.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Mead Johnson Nutrition Company (NYSE:MJN) is a global pediatric nutrition company.
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