Mead Johnson Nutrition CO Declares Quarterly Dividend of $0.38 (MJN)
Mead Johnson Nutrition CO (NYSE:MJN) announced a quarterly dividend on Thursday, September 4th, American Banking News reports. Shareholders of record on Monday, September 15th will be paid a dividend of 0.375 per share on Wednesday, October 1st. This represents a $1.50 annualized dividend and a dividend yield of 1.60%.
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. On a related note, 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. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $99.78.
Mead Johnson Nutrition CO (NYSE:MJN) opened at 93.93 on Thursday. Mead Johnson Nutrition CO has a 52-week low of $73.23 and a 52-week high of $98.36. The stock’s 50-day moving average is $94.03 and its 200-day moving average is $88.35. The company has a market cap of $18.989 billion and a P/E ratio of 28.82. Mead Johnson Nutrition CO also was the target of unusually large options trading on Wednesday. Traders purchased 5,313 put options on the company. This is an increase of approximately 1,186% compared to the typical daily volume of 413 put options.
Mead Johnson Nutrition CO (NYSE:MJN) last announced its earnings results 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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