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Mead Johnson Nutrition CO (NYSE:MJN) VP William P’pool unloaded 5,659 shares of the stock on the open market in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $90.00, for a total value of $509,310.00. Following the completion of the sale, the vice president now directly owns 18,888 shares in the company, valued at approximately $1,699,920. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Mead Johnson Nutrition CO (NYSE:MJN) traded up 0.68% during mid-day trading on Thursday, hitting $92.125. The stock had a trading volume of 752,047 shares. Mead Johnson Nutrition CO has a one year low of $66.80 and a one year high of $91.94. The stock has a 50-day moving average of $87.5 and a 200-day moving average of $83.76. The company has a market cap of $18.618 billion and a price-to-earnings ratio of 27.99.

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.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 3rd. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Thursday, June 19th.

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 analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Mead Johnson Nutrition CO presently has an average rating of “Buy” and an average price target of $95.26.

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

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