Mead Johnson Nutrition CO (MJN) Given Average Recommendation of “Hold” by Brokerages
Shares of Mead Johnson Nutrition CO (NYSE:MJN) have been assigned a consensus recommendation of “Hold” from the fourteen analysts that are presently covering the stock. Two research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $84.36.
A number of analysts have recently weighed in on MJN shares. Zacks Investment Research upgraded Mead Johnson Nutrition CO from a “sell” rating to a “hold” rating in a research report on Wednesday, April 5th. Citigroup Inc cut Mead Johnson Nutrition CO from a “buy” rating to a “neutral” rating in a research report on Monday, March 6th. William Blair cut Mead Johnson Nutrition CO from an “outperform” rating to a “market perform” rating in a research report on Monday, February 13th. Berenberg Bank upgraded Mead Johnson Nutrition CO from a “sell” rating to a “hold” rating and set a $66.00 target price on the stock in a research report on Thursday, February 2nd. Finally, Susquehanna Bancshares Inc set a $90.00 target price on Mead Johnson Nutrition CO and gave the company a “hold” rating in a research report on Saturday, April 1st.
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Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Mead Johnson Nutrition CO by 2,802.8% in the first quarter. BlackRock Inc. now owns 11,394,361 shares of the company’s stock valued at $1,015,011,000 after buying an additional 11,001,837 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Mead Johnson Nutrition CO during the third quarter valued at $158,430,000. Norges Bank bought a new stake in Mead Johnson Nutrition CO during the fourth quarter valued at $102,498,000. MARSHALL WACE ASIA Ltd bought a new stake in Mead Johnson Nutrition CO during the first quarter valued at $119,656,000. Finally, Marshall Wace North America L.P. bought a new stake in Mead Johnson Nutrition CO during the first quarter valued at $119,656,000. 95.36% of the stock is owned by institutional investors and hedge funds.
Mead Johnson Nutrition CO (NYSE:MJN) traded down 0.06% on Friday, reaching $88.95. The company’s stock had a trading volume of 1,010,436 shares. The company has a market capitalization of $16.33 billion, a price-to-earnings ratio of 27.95 and a beta of 1.38. Mead Johnson Nutrition CO has a 52 week low of $69.25 and a 52 week high of $94.40. The firm’s 50 day moving average price is $88.82 and its 200-day moving average price is $80.26.
Mead Johnson Nutrition CO (NYSE:MJN) last announced its quarterly earnings results on Thursday, April 27th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The business had revenue of $883.50 million for the quarter, compared to analysts’ expectations of $911.63 million. Mead Johnson Nutrition CO had a negative return on equity of 125.35% and a net margin of 14.56%. The business’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 EPS. On average, equities analysts predict that Mead Johnson Nutrition CO will post $3.16 EPS for the current year.
About Mead Johnson Nutrition CO
Mead Johnson Nutrition Company (Mead Johnson) is a pediatric nutrition company. The Company manufactures, distributes and sells infant formulas, children’s nutrition and other nutritional products. The Company operates through three segments: Asia, Latin America and North America/Europe. Its product portfolio includes routine and specialty infant formulas, children’s milks and milk modifiers, dietary supplements for pregnant and breastfeeding mothers, pediatric vitamins, and products for pediatric metabolic disorders.
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