Mead Johnson Nutrition Company (MJN) Shares Sold by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. cut its stake in Mead Johnson Nutrition Company (NYSE:MJN) by 0.3% during the fourth quarter, Holdings Channel reports. The fund owned 281,304 shares of the company’s stock after selling 883 shares during the period. Thornburg Investment Management Inc.’s holdings in Mead Johnson Nutrition Company were worth $19,905,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MJN. William Blair Investment Management LLC bought a new stake in shares of Mead Johnson Nutrition Company during the second quarter valued at $142,077,000. KBC Group NV boosted its position in Mead Johnson Nutrition Company by 29.9% in the third quarter. KBC Group NV now owns 107,797 shares of the company’s stock valued at $8,517,000 after buying an additional 24,831 shares during the period. JPMorgan Chase & Co. boosted its position in Mead Johnson Nutrition Company by 7.6% in the third quarter. JPMorgan Chase & Co. now owns 308,531 shares of the company’s stock valued at $24,378,000 after buying an additional 21,710 shares during the period. Marathon Asset Management LLP boosted its position in Mead Johnson Nutrition Company by 18.7% in the third quarter. Marathon Asset Management LLP now owns 617,303 shares of the company’s stock valued at $48,989,000 after buying an additional 97,221 shares during the period. Finally, Nordea Investment Management AB boosted its position in Mead Johnson Nutrition Company by 3.7% in the second quarter. Nordea Investment Management AB now owns 609,915 shares of the company’s stock valued at $55,350,000 after buying an additional 22,012 shares during the period. 95.36% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Mead Johnson Nutrition Company (NYSE:MJN)

Shares of Mead Johnson Nutrition Company (NYSE:MJN) traded down 0.289% during mid-day trading on Tuesday, hitting $87.945. The stock had a trading volume of 6,545,613 shares. The firm has a 50 day moving average of $75.13 and a 200 day moving average of $77.56. The stock has a market cap of $16.22 billion, a price-to-earnings ratio of 30.118 and a beta of 1.38. Mead Johnson Nutrition Company has a one year low of $69.25 and a one year high of $94.40.

Mead Johnson Nutrition Company (NYSE:MJN) last announced its quarterly earnings results on Thursday, January 26th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by $0.03. Mead Johnson Nutrition Company had a net margin of 14.56% and a negative return on equity of 125.35%. The firm earned $901.60 million during the quarter, compared to analyst estimates of $928.84 million. During the same period last year, the firm earned $0.78 EPS. Mead Johnson Nutrition Company’s quarterly revenue was down 6.8% on a year-over-year basis. On average, analysts forecast that Mead Johnson Nutrition Company will post $3.24 earnings per share for the current year.

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Several research analysts recently commented on the company. BMO Capital Markets cut Mead Johnson Nutrition Company from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $84.00 to $90.00 in a research note on Friday. Berenberg Bank upgraded Mead Johnson Nutrition Company from a “sell” rating to a “hold” rating and set a $66.00 price target on the stock in a research note on Thursday, February 2nd. Susquehanna Bancshares Inc reiterated a “hold” rating and issued a $90.00 price target on shares of Mead Johnson Nutrition Company in a research note on Wednesday, October 19th. J P Morgan Chase & Co cut Mead Johnson Nutrition Company from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $90.00 to $75.00 in a research note on Friday, October 28th. Finally, cut Mead Johnson Nutrition Company from an “outperform” rating to an “underperform” rating and set a $77.00 price target on the stock. in a research note on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Mead Johnson Nutrition Company presently has an average rating of “Hold” and an average target price of $86.00.

Mead Johnson Nutrition Company 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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