Mead Johnson Nutrition (NYSE:MJN) declared a quarterly dividend on Wednesday, February 27th. Shareholders of record on Wednesday, March 13th will be given a dividend of $0.34 per share on Monday, April 1st. This represents a $1.36 dividend on an annualized basis and a yield of 1.82%.
A number of research firms have also recently commented on MJN. Analysts at JPMorgan Chase reiterated a “neutral” rating on shares of Mead Johnson Nutrition in a research note to investors on Tuesday. They now have a $75.00 price target on the stock. On a related note, analysts at TheStreet reiterated a “buy” rating on shares of Mead Johnson Nutrition in a research note to investors on Monday, February 11th. Finally, analysts at Goldman Sachs upgraded shares of Mead Johnson Nutrition from a “neutral” rating to a “conviction-buy” rating in a research note to investors on Monday, February 4th. They now have a $95.00 price target on the stock, up previously from $75.00.
Six investment analysts have rated the stock with a buy rating, ten have given a hold rating, and one has issued an underweight rating to the company. The company currently has a consensus rating of “overweight” and an average price target of $80.00.
Mead Johnson Nutrition (MJN) traded up 0.31% on Wednesday, hitting $74.65. Mead Johnson Nutrition (MJN) has a 52-week low of $61.27 and a 52-week high of $88.72. The stock’s 50-day moving average is currently $73.09. The company has a market cap of $15.118 billion and a price-to-earnings ratio of 25.23.
Mead Johnson Nutrition last announced its earnings results on Thursday, January 31st. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. The company had revenue of $981.10 million for the quarter, compared to the consensus estimate of $953.84 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Mead Johnson Nutrition has set its FY13 guidance at $3.22-3.30 EPS. On average, analysts predict that Mead Johnson Nutrition (MJN) will post $3.31 earnings per share for the current fiscal year.
Mead Johnson Nutrition Company (Mead Johnson) is a global pediatric nutrition company. The Company manufactures, distributes and sells infant formulas, children’s nutrition and other nutritional products.
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