Mead Johnson Nutrition CO (NYSE:MJN) Given Consensus Rating of “Hold” by Analysts
Mead Johnson Nutrition CO (NYSE:MJN) has been assigned an average rating of “Hold” from the sixteen ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and fourteen have issued a hold rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $83.64.
Several equities research analysts recently commented on the stock. BidaskClub raised shares of Mead Johnson Nutrition CO from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Canaccord Genuity reissued a “speculative buy” rating on shares of Mead Johnson Nutrition CO in a research note on Wednesday, July 5th. BMO Capital Markets reissued a “hold” rating and set a $90.00 price objective on shares of Mead Johnson Nutrition CO in a research note on Thursday, June 15th. Zacks Investment Research raised shares of Mead Johnson Nutrition CO from a “sell” rating to a “hold” rating in a research note on Wednesday, April 5th. Finally, Wells Fargo & Company lowered shares of Mead Johnson Nutrition CO from an “outperform” rating to a “market perform” rating and set a $89.00 price objective on the stock. in a research note on Monday, April 3rd.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Kentucky Retirement Systems bought a new position in Mead Johnson Nutrition CO during the fourth quarter valued at $948,000. First Manhattan Co. boosted its position in Mead Johnson Nutrition CO by 1.5% in the first quarter. First Manhattan Co. now owns 24,703 shares of the company’s stock valued at $1,951,000 after buying an additional 357 shares during the last quarter. OppenheimerFunds Inc. boosted its position in Mead Johnson Nutrition CO by 208.8% in the first quarter. OppenheimerFunds Inc. now owns 18,307 shares of the company’s stock valued at $1,630,000 after buying an additional 12,378 shares during the last quarter. Old Mutual Global Investors UK Ltd. bought a new position in Mead Johnson Nutrition CO during the first quarter valued at $516,000. Finally, Mizuho Securities USA Inc. bought a new position in Mead Johnson Nutrition CO during the first quarter valued at $658,000. 88.40% of the stock is owned by institutional investors and hedge funds.
Shares of Mead Johnson Nutrition CO (NYSE:MJN) traded down 0.01% during trading on Friday, hitting $89.98. 11,923,467 shares of the stock traded hands. The company has a 50 day moving average price of $89.62 and a 200 day moving average price of $84.34. Mead Johnson Nutrition CO has a 12 month low of $69.25 and a 12 month high of $94.40.
Mead Johnson Nutrition CO (NYSE:MJN) last posted its quarterly earnings data on Thursday, April 27th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. The business had revenue of $883.50 million for the quarter, compared to the consensus estimate of $911.63 million. During the same period in the previous year, the firm earned $0.87 EPS. The company’s revenue was down 8.2% on a year-over-year basis. Equities research analysts anticipate that Mead Johnson Nutrition CO will post $3.30 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Tuesday, June 20th were issued a $0.4125 dividend. The ex-dividend date was Friday, June 16th. This represents a $1.65 annualized dividend and a yield of 1.83%. Mead Johnson Nutrition CO’s dividend payout ratio (DPR) is presently 51.72%.
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Mead Johnson Nutrition CO Company Profile
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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