Mead Johnson Nutrition CO (NYSE:MJN) Stake Reduced by Liberty Mutual Group Asset Management Inc.

Liberty Mutual Group Asset Management Inc. lowered its stake in Mead Johnson Nutrition CO (NYSE:MJN) by 24.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,755 shares of the company’s stock after selling 3,103 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Mead Johnson Nutrition CO were worth $869,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Mead Johnson Nutrition CO during the fourth quarter valued at about $102,498,000. MARSHALL WACE ASIA Ltd acquired a new position in shares of Mead Johnson Nutrition CO during the first quarter worth approximately $119,656,000. Marshall Wace North America L.P. acquired a new position in shares of Mead Johnson Nutrition CO during the first quarter worth approximately $119,656,000. Vivaldi Asset Management LLC acquired a new position in shares of Mead Johnson Nutrition CO during the first quarter worth approximately $70,704,000. Finally, Nuance Investments LLC acquired a new position in shares of Mead Johnson Nutrition CO during the first quarter worth approximately $67,875,000. 88.40% of the stock is currently owned by hedge funds and other institutional investors.

Mead Johnson Nutrition CO (MJN) traded down 0.01% on Monday, hitting $89.98. 11,923,467 shares of the stock traded hands. Mead Johnson Nutrition CO has a 52 week low of $69.25 and a 52 week high of $94.40. The stock has a 50 day moving average of $89.62 and a 200 day moving average of $84.34.

Mead Johnson Nutrition CO (NYSE:MJN) last posted its earnings results on Thursday, April 27th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.01. The company had revenue of $883.50 million for the quarter, compared to the consensus estimate of $911.63 million. The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period last year, the company posted $0.87 earnings per share. On average, equities research analysts predict that Mead Johnson Nutrition CO will post $3.30 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 5th. Stockholders of record on Tuesday, June 20th were issued a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Friday, June 16th. Mead Johnson Nutrition CO’s dividend payout ratio (DPR) is presently 51.72%.

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A number of analysts recently weighed in on MJN shares. BidaskClub raised shares of Mead Johnson Nutrition CO from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Canaccord Genuity reaffirmed a “speculative buy” rating on shares of Mead Johnson Nutrition CO in a report on Wednesday, July 5th. BMO Capital Markets reaffirmed a “hold” rating and set a $90.00 target price on shares of Mead Johnson Nutrition CO in a report on Thursday, June 15th. Zacks Investment Research raised shares of Mead Johnson Nutrition CO from a “sell” rating to a “hold” rating in a research report on Wednesday, April 5th. Finally, Wells Fargo & Company cut shares of Mead Johnson Nutrition CO from an “outperform” rating to a “market perform” rating and set a $89.00 price target on the stock. in a research report on Monday, April 3rd. Two research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. Mead Johnson Nutrition CO has a consensus rating of “Hold” and an average price target of $84.17.

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.

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

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