Exxonmobil Investment Management Inc Tx Lowers stake in Mead Johnson Nutrition CO (MJN)

Mead Johnson Nutrition CO (MJN) : Exxonmobil Investment Management Inc Tx reduced its stake in Mead Johnson Nutrition CO by 2.42% during the most recent quarter end. The investment management company now holds a total of 47,150 shares of Mead Johnson Nutrition CO which is valued at $3,780,016 after selling 1,168 shares in Mead Johnson Nutrition CO , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Mead Johnson Nutrition CO makes up approximately 0.08% of Exxonmobil Investment Management Inc Tx’s portfolio.

Other Hedge Funds, Including , Advisory Services Network reduced its stake in MJN by selling 141 shares or 29.44% in the most recent quarter. The Hedge Fund company now holds 338 shares of MJN which is valued at $27,097. Mead Johnson Nutrition CO makes up approx 0.01% of Advisory Services Network’s portfolio.Chevy Chase Trust Holdings reduced its stake in MJN by selling 6,361 shares or 3.79% in the most recent quarter. The Hedge Fund company now holds 161,278 shares of MJN which is valued at $12,758,703. Mead Johnson Nutrition CO makes up approx 0.07% of Chevy Chase Trust Holdings’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in MJN in the latest quarter, The investment management firm added 6,046 additional shares and now holds a total of 15,887 shares of Mead Johnson Nutrition CO which is valued at $1,256,821. Mead Johnson Nutrition CO makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Eqis Capital Management boosted its stake in MJN in the latest quarter, The investment management firm added 1,247 additional shares and now holds a total of 3,855 shares of Mead Johnson Nutrition CO which is valued at $304,969. Mead Johnson Nutrition CO makes up approx 0.02% of Eqis Capital Management’s portfolio.Washington Trust Bank boosted its stake in MJN in the latest quarter, The investment management firm added 799 additional shares and now holds a total of 37,240 shares of Mead Johnson Nutrition CO which is valued at $2,946,056. Mead Johnson Nutrition CO makes up approx 0.71% of Washington Trust Bank’s portfolio.

Mead Johnson Nutrition CO closed down -0.31 points or -0.39% at $80.17 with 31,15,234 shares getting traded on Friday. Post opening the session at $80.3, the shares hit an intraday low of $79.97 and an intraday high of $81.19 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Mead Johnson Nutrition CO reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.78. The company had revenue of $941.50 million for the quarter, compared to analysts expectations of $963.64 million. The company’s revenue was down -8.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.76 EPS.

Many Wall Street Analysts have commented on Mead Johnson Nutrition CO. CLSA Upgraded Mead Johnson Nutrition CO on Aug 3, 2016 to ” Outperform”, Price Target of the shares are set at $96.Mead Johnson Nutrition CO was Downgraded by Societe Generale to ” Hold” on Jul 29, 2016. Mead Johnson Nutrition CO was Upgraded by JP Morgan to ” Overweight” on Jul 26, 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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