Mead Johnson Nutrition CO Director Unloads $951,100 in Stock (MJN)
Mead Johnson Nutrition CO (NYSE:MJN) Director Stephen W. Golsby unloaded 10,000 shares of Mead Johnson Nutrition CO stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $95.11, for a total transaction of $951,100.00. Following the transaction, the director now directly owns 55,458 shares of the company’s stock, valued at approximately $5,274,610. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on MJN shares. Analysts at BMO Capital Markets raised their price target on shares of Mead Johnson Nutrition CO from $82.00 to $92.00 in a research note on Wednesday, July 23rd. They now have a “market perform” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Mead Johnson Nutrition CO in a research note on Wednesday, July 23rd. They now have a $109.00 price target on the stock, up previously from $105.00. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Mead Johnson Nutrition CO in a research note on Wednesday, July 23rd. They now have a $105.00 price target on the stock, up previously from $97.00. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $99.78.
Mead Johnson Nutrition CO (NYSE:MJN) traded up 0.60% during mid-day trading on Monday, hitting $94.79. The stock had a trading volume of 272,983 shares. Mead Johnson Nutrition CO has a 1-year low of $73.23 and a 1-year high of $98.36. The stock’s 50-day moving average is $93.43 and its 200-day moving average is $86.67. The company has a market cap of $19.163 billion and a P/E ratio of 28.91.
Mead Johnson Nutrition CO (NYSE:MJN) last released its earnings data on Tuesday, July 22nd. The company reported $0.88 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.90 by $0.02. 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 $0.84 earnings per share. Mead Johnson Nutrition CO’s revenue was up 5.3% compared to the same quarter last year. On average, analysts predict that Mead Johnson Nutrition CO will post $3.72 earnings per share for the current fiscal year.
Mead Johnson Nutrition Company (NYSE:MJN) is a global pediatric nutrition company.
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