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.

Analyst Recommendations for Mead Johnson Nutrition CO (NYSE:MJN)

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