Mizuho Asset Management Co. Ltd. boosted its stake in shares of Mead Johnson Nutrition Co. (NYSE:MJN) by 107.3% during the second quarter, Holdings Channel reports. The fund owned 2,768 shares of the company’s stock after buying an additional 1,433 shares during the period. Mizuho Asset Management Co. Ltd.’s holdings in Mead Johnson Nutrition were worth $251,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MJN. M&T Bank Corp increased its position in Mead Johnson Nutrition by 30.5% in the first quarter. M&T Bank Corp now owns 20,609 shares of the company’s stock valued at $1,751,000 after buying an additional 4,818 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Mead Johnson Nutrition by 0.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 95,276 shares of the company’s stock valued at $7,522,000 after buying an additional 400 shares during the last quarter. Bessemer Group Inc. increased its position in Mead Johnson Nutrition by 634.5% in the first quarter. Bessemer Group Inc. now owns 2,894 shares of the company’s stock valued at $246,000 after buying an additional 2,500 shares during the last quarter. Dynamic Advisors Solutions LLC increased its position in Mead Johnson Nutrition by 88.5% in the first quarter. Dynamic Advisors Solutions LLC now owns 15,578 shares of the company’s stock valued at $1,324,000 after buying an additional 7,313 shares during the last quarter. Finally, Sensato Investors LLC purchased a new position in Mead Johnson Nutrition during the first quarter valued at approximately $13,841,000. 97.11% of the stock is currently owned by institutional investors.

Shares of Mead Johnson Nutrition Co. (NYSE:MJN) traded up 1.11% on Monday, hitting $77.60. The stock had a trading volume of 138,503 shares. The firm has a 50-day moving average of $85.70 and a 200 day moving average of $84.70. The company has a market capitalization of $14.33 billion, a PE ratio of 29.19 and a beta of 1.17. Mead Johnson Nutrition Co. has a 1-year low of $65.53 and a 1-year high of $94.40.

Mead Johnson Nutrition (NYSE:MJN) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.10. Mead Johnson Nutrition had a net margin of 13.28% and a negative return on equity of 194.30%. The company earned $941.50 million during the quarter, compared to analyst estimates of $967.25 million. During the same quarter last year, the business posted $0.76 EPS. Mead Johnson Nutrition’s quarterly revenue was down 8.8% compared to the same quarter last year. On average, equities analysts anticipate that Mead Johnson Nutrition Co. will post $3.49 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, September 19th will be paid a $0.4125 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.65 dividend on an annualized basis and a yield of 2.15%. Mead Johnson Nutrition’s dividend payout ratio is 62.03%.

Several equities analysts have recently commented on MJN shares. Susquehanna reaffirmed a “hold” rating and issued a $95.00 target price on shares of Mead Johnson Nutrition in a research report on Monday, August 29th. Credit Suisse Group AG set a $100.00 price target on Mead Johnson Nutrition and gave the company a “buy” rating in a research note on Monday, September 12th. Citigroup Inc. cut their price target on Mead Johnson Nutrition from $106.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, September 8th. Societe Generale cut Mead Johnson Nutrition from a “buy” rating to a “hold” rating and cut their price target for the company from $100.00 to $95.00 in a research note on Friday, July 29th. Finally, Zacks Investment Research cut Mead Johnson Nutrition from a “buy” rating to a “hold” rating in a research note on Monday, June 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $95.75.

In related news, Director Kimberly A. Casiano sold 710 shares of Mead Johnson Nutrition stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $89.75, for a total value of $63,722.50. Following the completion of the transaction, the director now directly owns 7,110 shares in the company, valued at approximately $638,122.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Graciela Monteagudo sold 45,873 shares of Mead Johnson Nutrition stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $87.64, for a total transaction of $4,020,309.72. Following the completion of the transaction, the senior vice president now owns 13,800 shares of the company’s stock, valued at $1,209,432. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Mead Johnson Nutrition 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, North America/Europe and Latin America. 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.

5 Day Chart for NYSE:MJN

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