News stories about Mead Johnson Nutrition CO (NYSE:MJN) have been trending somewhat positive this week, according to Alpha One. The research group, a unit of Accern, identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mead Johnson Nutrition CO earned a news sentiment score of 0.07 on Alpha One’s scale. Alpha One also gave media stories about the company an impact score of 92 out of 100, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have effected Alpha One Sentiment’s rankings:
- Reckitt Benckiser sales flatline after weak growth in Europe and Asia ahead of proposed Mead Johnson takeover (thisismoney.co.uk)
- Reckitt’s baby food firm takeover ‘progressing well’ (foodmanufacture.co.uk)
- Average True Range Check on Mead Johnson Nutrition Co (MJN) – SKV News (skvnews.com)
- Mead Johnson Nutrition CO (MJN) Earns Daily Media Sentiment Rating of 0.08 (americanbankingnews.com)
- Mead Johnson Nutrition CO (MJN) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
Shares of Mead Johnson Nutrition CO (NYSE:MJN) traded down 0.02% on Friday, hitting $88.76. 1,373,878 shares of the stock were exchanged. Mead Johnson Nutrition CO has a one year low of $69.25 and a one year high of $94.40. The firm’s 50-day moving average is $88.46 and its 200-day moving average is $79.36. The company has a market cap of $16.28 billion, a P/E ratio of 30.40 and a beta of 1.38.
Mead Johnson Nutrition CO (NYSE:MJN) last released its quarterly earnings data on Thursday, January 26th. The company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.03. The company earned $901.60 million during the quarter, compared to analyst estimates of $928.84 million. Mead Johnson Nutrition CO had a net margin of 14.56% and a negative return on equity of 125.35%. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.78 EPS. On average, equities analysts forecast that Mead Johnson Nutrition CO will post $3.22 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Monday, March 13th were paid a $0.4125 dividend. The ex-dividend date was Thursday, March 9th. This represents a $1.65 annualized dividend and a yield of 1.86%. Mead Johnson Nutrition CO’s dividend payout ratio is presently 56.31%.
A number of research analysts have issued reports on the stock. Susquehanna Bancshares Inc set a $90.00 target price on shares of Mead Johnson Nutrition CO and gave the company a “hold” rating in a report on Saturday, April 1st. Zacks Investment Research raised shares of Mead Johnson Nutrition CO from a “sell” rating to a “hold” rating in a report on Wednesday, April 5th. Berenberg Bank raised shares of Mead Johnson Nutrition CO from a “sell” rating to a “hold” rating and set a $66.00 target price for the company in a report on Thursday, February 2nd. Citigroup Inc cut shares of Mead Johnson Nutrition CO from a “buy” rating to a “neutral” rating in a report on Monday, March 6th. Finally, Wells Fargo & Co cut shares of Mead Johnson Nutrition CO from an “outperform” rating to a “market perform” rating and set a $89.00 target price for the company. in a report on Monday, April 3rd. One investment analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $85.85.
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About Mead Johnson Nutrition CO
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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