Mead Johnson Nutrition CO (MJN) Given Consensus Recommendation of “Hold” by Brokerages

Mead Johnson Nutrition CO (NYSE:MJN) has earned an average rating of “Hold” from the fifteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and thirteen have assigned a hold recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $82.50.

Several research firms have recently weighed in on MJN. BidaskClub raised Mead Johnson Nutrition CO from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. BMO Capital Markets reaffirmed a “hold” rating and issued a $90.00 price objective on shares of Mead Johnson Nutrition CO in a research note on Thursday, June 15th. Finally, Canaccord Genuity reaffirmed a “speculative buy” rating on shares of Mead Johnson Nutrition CO in a research note on Wednesday, July 5th.

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Large investors have recently made changes to their positions in the stock. Teachers Advisors LLC raised its holdings in shares of Mead Johnson Nutrition CO by 7.6% during the 1st quarter. Teachers Advisors LLC now owns 269,578 shares of the company’s stock valued at $24,014,000 after buying an additional 19,102 shares during the period. OppenheimerFunds Inc. raised its holdings in shares of Mead Johnson Nutrition CO by 208.8% during the 1st 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 period. Thrivent Financial For Lutherans raised its holdings in shares of Mead Johnson Nutrition CO by 6.1% during the 1st quarter. Thrivent Financial For Lutherans now owns 6,738 shares of the company’s stock valued at $600,000 after buying an additional 390 shares during the period. Bahl & Gaynor Inc. purchased a new stake in shares of Mead Johnson Nutrition CO during the 2nd quarter valued at about $296,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of Mead Johnson Nutrition CO during the 1st quarter valued at about $4,613,000. Institutional investors and hedge funds own 88.40% of the company’s stock.

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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