Ffcm LLC Has $498,000 Position in Mead Johnson Nutrition CO (MJN)

Ffcm LLC raised its stake in shares of Mead Johnson Nutrition CO (NYSE:MJN) by 4.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,586 shares of the company’s stock after buying an additional 231 shares during the period. Ffcm LLC’s holdings in Mead Johnson Nutrition CO were worth $498,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Kentucky Retirement Systems acquired a new stake in shares of Mead Johnson Nutrition CO during the fourth quarter valued at approximately $948,000. Nordea Investment Management AB boosted its stake in shares of Mead Johnson Nutrition CO by 17.9% in the third quarter. Nordea Investment Management AB now owns 719,315 shares of the company’s stock valued at $56,833,000 after buying an additional 109,400 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Mead Johnson Nutrition CO by 19.1% in the third quarter. Jennison Associates LLC now owns 1,126,651 shares of the company’s stock valued at $89,017,000 after buying an additional 180,552 shares during the last quarter. FDO Partners LLC acquired a new stake in shares of Mead Johnson Nutrition CO during the third quarter valued at approximately $3,177,000. Finally, Northcape Capital Pty Ltd acquired a new stake in shares of Mead Johnson Nutrition CO during the fourth quarter valued at approximately $2,872,000. Institutional investors own 95.36% of the company’s stock.

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

Mead Johnson Nutrition CO (NYSE:MJN) traded up 0.03% during trading on Friday, hitting $89.00. 1,785,515 shares of the stock were exchanged. The firm’s 50-day moving average is $88.93 and its 200 day moving average is $80.71. Mead Johnson Nutrition CO has a 52 week low of $69.25 and a 52 week high of $94.40. The firm has a market cap of $16.34 billion, a PE ratio of 27.96 and a beta of 1.38.

Mead Johnson Nutrition CO (NYSE:MJN) last posted its earnings results on Thursday, April 27th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. The company had revenue of $883.50 million during the quarter, compared to the consensus estimate of $911.63 million. Mead Johnson Nutrition CO had a net margin of 14.56% and a negative return on equity of 125.35%. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.87 earnings per share. Analysts expect that Mead Johnson Nutrition CO will post $3.16 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Ffcm LLC Has $498,000 Position in Mead Johnson Nutrition CO (MJN)” was originally reported by Mideast Time and is the sole property of of Mideast Time. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this report can be viewed at https://www.mideasttime.com/ffcm-llc-has-498000-position-in-mead-johnson-nutrition-co-mjn/1708183.html.

MJN has been the subject of several recent research reports. Credit Suisse Group AG cut shares of Mead Johnson Nutrition CO from an “outperform” rating to a “neutral” rating and set a $90.00 target price for the company. in a research report on Sunday, March 5th. Zacks Investment Research cut shares of Mead Johnson Nutrition CO from a “hold” rating to a “sell” rating in a research report on Friday, April 28th. Berenberg Bank upgraded 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 research report on Thursday, February 2nd. Citigroup Inc cut shares of Mead Johnson Nutrition CO from a “buy” rating to a “neutral” rating in a research report on Monday, March 6th. Finally, BMO Capital Markets cut shares of Mead Johnson Nutrition CO from an “outperform” rating to a “market perform” rating and upped their target price for the company from $84.00 to $90.00 in a research report on Friday, February 10th. Two equities research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $84.83.

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.

5 Day Chart for NYSE:MJN

Want to see what other hedge funds are holding MJN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mead Johnson Nutrition CO (NYSE:MJN).

Receive News & Ratings for Mead Johnson Nutrition CO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mead Johnson Nutrition CO and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.