Dnb Asset Management As buys $90,048,675 stake in Mead Johnson Nutrition CO (MJN)

Mead Johnson Nutrition CO (MJN) : Dnb Asset Management As scooped up 239,416 additional shares in Mead Johnson Nutrition CO during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 11, 2016. The investment management firm now holds a total of 1,068,827 shares of Mead Johnson Nutrition CO which is valued at $90,048,675.Mead Johnson Nutrition CO makes up approximately 1.86% of Dnb Asset Management As’s portfolio.

Mead Johnson Nutrition CO opened for trading at $83.48 and hit $84.31 on the upside on Friday, eventually ending the session at $84.25, with a gain of 0.78% or 0.65 points. The heightened volatility saw the trading volume jump to 10,38,824 shares. Company has a market cap of $15,709 M.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx boosted its stake in MJN in the latest quarter, The investment management firm added 1,211 additional shares and now holds a total of 45,397 shares of Mead Johnson Nutrition CO which is valued at $3,824,697. Mead Johnson Nutrition CO makes up approx 0.09% of Exxonmobil Investment Management Inc Tx’s portfolio.Mai Capital Management boosted its stake in MJN in the latest quarter, The investment management firm added 121 additional shares and now holds a total of 43,020 shares of Mead Johnson Nutrition CO which is valued at $3,633,039. Mead Johnson Nutrition CO makes up approx 0.30% of Mai Capital Management’s portfolio.Alecta Pensionsforsakring Omsesidigt boosted its stake in MJN in the latest quarter, The investment management firm added 25,000 additional shares and now holds a total of 3,751,948 shares of Mead Johnson Nutrition CO which is valued at $316,852,009. Mead Johnson Nutrition CO makes up approx 3.15% of Alecta Pensionsforsakring Omsesidigt’s portfolio.Charter Trust Co boosted its stake in MJN in the latest quarter, The investment management firm added 3,141 additional shares and now holds a total of 7,229 shares of Mead Johnson Nutrition CO which is valued at $610,489. Mead Johnson Nutrition CO makes up approx 0.07% of Charter Trust Co’s portfolio. West Oak Capital sold out all of its stake in MJN during the most recent quarter. The investment firm sold 32 shares of MJN which is valued $2,702.

On the company’s financial health, Mead Johnson Nutrition CO reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.73. The company had revenue of $967.00 million for the quarter, compared to analysts expectations of $974.46 million. The company’s revenue was down -11.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.92 EPS.

Many Wall Street Analysts have commented on Mead Johnson Nutrition CO. Mead Johnson Nutrition CO was Upgraded by Credit Suisse to ” Outperform” on Mar 16, 2016.

Mead Johnson Nutrition Company (Mead Johnson) is a global pediatric nutrition company. The Company manufactures distributes and sells infant formulas children’s nutrition and other nutritional products. 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. The Company operates through three segments: Asia Latin America and North America/Europe. The Company’s Enfa family of brands including Enfamil infant formula is a brand franchise in pediatric nutrition. Its product portfolio addresses a range of nutritional needs for infants children and expectant and nursing mothers. The Company markets its portfolio of more than 70 products to mothers healthcare professionals and retailers in more than 50 countries in Asia North America Latin America and Europe.

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