Insider Selling: Mead Johnson Nutrition CO Director Unloads 10,000 Shares of Stock (MJN)
Mead Johnson Nutrition CO (NYSE:MJN) Director Stephen W. Golsby sold 10,000 shares of Mead Johnson Nutrition CO stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $93.83, for a total value of $938,300.00. Following the sale, the director now directly owns 65,458 shares of the company’s stock, valued at approximately $6,141,924. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on MJN shares. Analysts at JPMorgan Chase & Co. raised their price target on shares of Mead Johnson Nutrition CO from $93.00 to $97.00 in a research note on Tuesday. Separately, analysts at Goldman Sachs upgraded shares of Mead Johnson Nutrition CO from a “neutral” rating to a “buy” rating in a research note on Tuesday. They now have a $107.00 price target on the stock, up previously from $91.00. Finally, 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. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Mead Johnson Nutrition CO has a consensus rating of “Buy” and a consensus target price of $97.35.
Shares of Mead Johnson Nutrition CO (NYSE:MJN) traded up 0.29% on Wednesday, hitting $92.885. The stock had a trading volume of 596,499 shares. Mead Johnson Nutrition CO has a one year low of $70.54 and a one year high of $94.52. The stock has a 50-day moving average of $90.75 and a 200-day moving average of $84.93. The company has a market cap of $18.772 billion and a price-to-earnings ratio of 28.33.
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. Analysts expect that Mead Johnson Nutrition CO will post $3.70 EPS for the current fiscal year.
Mead Johnson Nutrition Company (NYSE:MJN) is a global pediatric nutrition company.
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