Mead Johnson Nutrition CO Director Stephen W. Golsby Sells 10,000 Shares (MJN)
Mead Johnson Nutrition CO (NYSE:MJN) Director Stephen W. Golsby unloaded 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available at this link.
MJN has been the subject of a number of recent research reports. 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. The company presently has an average rating of “Buy” and a consensus price target of $99.78.
Shares of Mead Johnson Nutrition CO (NYSE:MJN) opened at 94.37 on Wednesday. Mead Johnson Nutrition CO has a one year low of $73.23 and a one year high of $98.36. The stock has a 50-day moving average of $93.52 and a 200-day moving average of $87.02. The company has a market cap of $19.078 billion and a P/E ratio of 29.07.
Mead Johnson Nutrition CO (NYSE:MJN) last announced its earnings results on Tuesday, July 22nd. The company reported $0.88 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Analysts expect that Mead Johnson Nutrition CO will post $3.72 EPS for the current fiscal year.
Mead Johnson Nutrition Company (NYSE:MJN) is a global pediatric nutrition company.
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