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.
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