Market Update: Mead Johnson Nutrition Company (NYSE:MJN) – Morning Analysis on Processed & Packaged Goods Equities — Mead Johnson Nutrition, Kellogg, Treehouse Foods, and Flowers Foods

[Accesswire] – NEW YORK, NY / ACCESSWIRE / February 02, 2016 / Park Lane Advisor has initiated coverage on the following equities: Mead Johnson Nutrition Company (NYSE: MJN), Kellogg Company (NYSE: K), Treehouse Foods … Read more on this. Mead Johnson Nutrition Company (MJN) , with a current value of $13.03B, started the session at $71.24. Looking at the stock, its one day range is $69.60 to $71.24 with the price of the stock fluctuating between $65.53 to $105.45 over the last 52 weeks. MJN shares are currently priced at 20.49x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 14.02x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $1.65 per share annually in dividends, yielding 2.28%. According to a consensus of 11 analysts, the earnings estimate of $0.85 per share would be $0.24 worse than the year-ago quarter and a $0.13 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.51 is a $0.07 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $952.51 Million. If reported, that would be a 12.61% decrease over the year-ago quarter. More recently, Nomura downgraded MJN from Buy to Neutral (Jan 12, 2016). Previously, JP Morgan downgraded MJN from Overweight to Neutral. With the above information in mind, readers should note that the average price target is $79.58, which is 11.71% above where the stock opened this morning. See more in (NYSE:MJN) Similar Articles: Market Update (NYSE:MJN): Mead Johnson Nutrition Delivers Earnings Per Share Above Guidance for Fourth Quarter and Full Year 2015; Provides 2016 Guidance Stock Update: Mead Johnson Nutrition Company (NYSE:MJN) – Mead Johnson Nutrition Reports Third Quarter and Nine-Month 2015 Earnings; Updates 2015 Guidance; and Announces $1.5 Billion Share Repurchase Plan Stock Update: Mead Johnson Nutrition Company (NYSE:MJN) – Mead Johnson Board of Directors Announces Dividend