Mead Johnson Nutrition Company (MJN) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Mead Johnson Nutrition Company (NYSE:MJN) from a sell rating to a hold rating in a report released on Wednesday morning.

Several other research firms have also issued reports on MJN. Zacks Investment Research raised shares of Mead Johnson Nutrition Company from a sell rating to a hold rating in a research report on Wednesday, April 5th. Citigroup Inc. lowered shares of Mead Johnson Nutrition Company from a buy rating to a neutral rating in a research report on Monday, March 6th. Susquehanna Bancshares Inc set a $90.00 price target on shares of Mead Johnson Nutrition Company and gave the company a hold rating in a research report on Saturday, April 1st. Credit Suisse Group lowered shares of Mead Johnson Nutrition Company from an outperform rating to a neutral rating and set a $90.00 price target on the stock. in a research report on Sunday, March 5th. Finally, Wells Fargo & Company lowered shares of Mead Johnson Nutrition Company from an outperform rating to a market perform rating and set a $89.00 price target on the stock. in a research report on Monday, April 3rd. Two analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. The stock presently has an average rating of Hold and an average target price of $84.83.

Mead Johnson Nutrition Company (MJN) opened at 89.98 on Wednesday. The firm has a market capitalization of $16.52 billion, a P/E ratio of 28.27 and a beta of 1.57. Mead Johnson Nutrition Company has a 1-year low of $69.25 and a 1-year high of $94.40. The stock’s 50 day moving average is $89.36 and its 200-day moving average is $83.48.

Mead Johnson Nutrition Company (NYSE:MJN) last posted its quarterly earnings results on Thursday, April 27th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. Mead Johnson Nutrition Company had a net margin of 16.16% and a negative return on equity of 135.60%. The company had revenue of $883.50 million for the quarter, compared to analyst estimates of $911.63 million. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. Analysts forecast that Mead Johnson Nutrition Company will post $3.30 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Tuesday, June 20th will be issued a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Friday, June 16th. Mead Johnson Nutrition Company’s dividend payout ratio (DPR) is presently 51.72%.

A number of hedge funds have recently bought and sold shares of the company. BLS Capital Fondsmaeglerselskab A S purchased a new stake in Mead Johnson Nutrition Company during the fourth quarter worth $11,724,000. Prudential PLC raised its stake in Mead Johnson Nutrition Company by 33.3% in the fourth quarter. Prudential PLC now owns 94,919 shares of the company’s stock worth $6,717,000 after buying an additional 23,700 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Mead Johnson Nutrition Company by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,589 shares of the company’s stock worth $749,000 after buying an additional 43 shares during the period. Federated Investors Inc. PA raised its stake in Mead Johnson Nutrition Company by 80.3% in the fourth quarter. Federated Investors Inc. PA now owns 7,388 shares of the company’s stock worth $523,000 after buying an additional 3,291 shares during the period. Finally, FIL Ltd raised its stake in Mead Johnson Nutrition Company by 34.8% in the fourth quarter. FIL Ltd now owns 470,830 shares of the company’s stock worth $33,316,000 after buying an additional 121,627 shares during the period. 88.40% of the stock is currently owned by institutional investors and hedge funds.

About Mead Johnson Nutrition Company

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MJN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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