Mead Johnson Nutrition CO Target of Unusually Large Options Trading (MJN)
Mead Johnson Nutrition CO (NYSE:MJN) was the target of unusually large options trading activity on Friday. Traders purchased 10,023 call options on the stock. This represents an increase of 1,392% compared to the typical daily volume of 672 call options.
MJN has been the topic of several recent analyst reports. Susquehanna Bancshares Inc set a $90.00 target price on shares of Mead Johnson Nutrition CO and gave the stock a “hold” rating in a research note on Saturday, April 1st. Zacks Investment Research upgraded shares of Mead Johnson Nutrition CO from a “sell” rating to a “hold” rating in a research note on Wednesday, April 5th. Wells Fargo & Co cut shares of Mead Johnson Nutrition CO from an “outperform” rating to a “market perform” rating and set a $89.00 target price on the stock. in a research note on Monday, April 3rd. William Blair cut shares of Mead Johnson Nutrition CO from an “outperform” rating to a “market perform” rating in a research note on Monday, February 13th. Finally, BMO Capital Markets cut shares of Mead Johnson Nutrition CO from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $84.00 to $90.00 in a research report on Friday, February 10th. Two investment analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $84.83.
Hedge funds and other institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in Mead Johnson Nutrition CO during the first quarter worth $106,000. Oppenheimer Asset Management Inc. purchased a new stake in Mead Johnson Nutrition CO during the first quarter worth $120,000. Fuller & Thaler Asset Management Inc. boosted its stake in Mead Johnson Nutrition CO by 118.2% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,400 shares of the company’s stock worth $190,000 after buying an additional 1,300 shares in the last quarter. Creative Planning boosted its stake in Mead Johnson Nutrition CO by 4.3% in the first quarter. Creative Planning now owns 2,169 shares of the company’s stock worth $193,000 after buying an additional 89 shares in the last quarter. Finally, Fiduciary Trust Co. purchased a new stake in Mead Johnson Nutrition CO during the first quarter worth $205,000. Institutional investors own 95.36% of the company’s stock.
Shares of Mead Johnson Nutrition CO (NYSE:MJN) opened at 89.94 on Wednesday. The company has a market cap of $16.52 billion, a price-to-earnings ratio of 28.26 and a beta of 1.38. Mead Johnson Nutrition CO has a one year low of $69.25 and a one year high of $94.40. The firm has a 50-day moving average of $89.05 and a 200-day moving average of $82.37.
Mead Johnson Nutrition CO (NYSE:MJN) last issued its earnings results on Thursday, April 27th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.01. Mead Johnson Nutrition CO had a net margin of 14.56% and a negative return on equity of 125.35%. The company had revenue of $883.50 million for the quarter, compared to analysts’ expectations of $911.63 million. During the same period in the prior year, the business earned $0.87 EPS. The firm’s quarterly revenue was down 8.2% on a year-over-year basis. Equities research analysts forecast that Mead Johnson Nutrition CO will post $3.16 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Tuesday, June 20th will be issued a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a yield of 1.83%. The ex-dividend date is Friday, June 16th. Mead Johnson Nutrition CO’s payout ratio is 56.31%.
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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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