Pictet Asset Management Ltd. Sells 2,000 Shares of Mead Johnson Nutrition CO (MJN)

Pictet Asset Management Ltd. lowered its stake in shares of Mead Johnson Nutrition CO (NYSE:MJN) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 447,576 shares of the company’s stock after selling 2,000 shares during the period. Pictet Asset Management Ltd.’s holdings in Mead Johnson Nutrition CO were worth $40,022,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. BLS Capital Fondsmaeglerselskab A S acquired a new stake in Mead Johnson Nutrition CO during the fourth quarter valued at approximately $11,724,000. Macquarie Group Ltd. increased its stake in Mead Johnson Nutrition CO by 289.6% in the fourth quarter. Macquarie Group Ltd. now owns 28,786 shares of the company’s stock valued at $2,037,000 after buying an additional 21,397 shares during the period. Chevy Chase Trust Holdings Inc. increased its stake in Mead Johnson Nutrition CO by 1.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 162,203 shares of the company’s stock valued at $14,450,000 after buying an additional 2,058 shares during the period. Raymond James Trust N.A. increased its stake in Mead Johnson Nutrition CO by 4.9% in the first quarter. Raymond James Trust N.A. now owns 5,376 shares of the company’s stock valued at $479,000 after buying an additional 249 shares during the period. Finally, Creative Planning increased its stake in Mead Johnson Nutrition CO by 4.3% in the first quarter. Creative Planning now owns 2,169 shares of the company’s stock valued at $193,000 after buying an additional 89 shares during the period. 88.40% of the stock is currently owned by institutional investors and hedge funds.

Shares of Mead Johnson Nutrition CO (NYSE MJN) opened at 89.98 on Thursday. The stock has a 50 day moving average of $89.62 and a 200-day moving average of $84.34. Mead Johnson Nutrition CO has a one year low of $69.25 and a one year high of $94.40.

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Several equities research analysts have commented on MJN shares. Zacks Investment Research downgraded shares of Mead Johnson Nutrition CO from a “hold” rating to a “sell” rating in a report on Friday, April 28th. BidaskClub raised shares of Mead Johnson Nutrition CO from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. BMO Capital Markets reaffirmed a “hold” rating and set a $90.00 price objective on shares of Mead Johnson Nutrition CO in a report on Thursday, June 15th. Finally, Canaccord Genuity reaffirmed a “speculative buy” rating on shares of Mead Johnson Nutrition CO in a report on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. Mead Johnson Nutrition CO has an average rating of “Hold” and a consensus target price of $83.18.

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

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