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Mead Johnson Nutrition CO (NYSE:MJN) Director Stephen W. Golsby sold 10,000 shares of Mead Johnson Nutrition CO stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $87.42, for a total value of $874,200.00. Following the completion of the sale, the director now directly owns 75,458 shares of the company’s stock, valued at approximately $6,596,538. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, June 2nd. 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 research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $95.26.

Mead Johnson Nutrition CO (NYSE:MJN) traded up 0.39% during mid-day trading on Monday, hitting $87.79. The stock had a trading volume of 1,049,903 shares. Mead Johnson Nutrition CO has a 52-week low of $66.80 and a 52-week high of $89.94. The stock’s 50-day moving average is $87.37 and its 200-day moving average is $83.65. The company has a market cap of $17.742 billion and a price-to-earnings ratio of 26.75.

Mead Johnson Nutrition CO (NYSE:MJN) last released its 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. Analysts expect that Mead Johnson Nutrition CO will post $3.70 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 3rd. Investors of record on Monday, June 23rd will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, June 19th.

Mead Johnson Nutrition Company (NYSE:MJN) is a global pediatric nutrition company.

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