Mead Johnson Nutrition Company (MJN) has a market cap of $13.5 billion. It rose 1.2% to close at $72.85 per share on December 14, 2016. The stock’s weekly, monthly, and YTD (year-to-date) price movements were 0.16%, 0.83%, and -6.3%, respectively, on the same day.
MJN is now trading 1.1% above its 20-day moving average, 3.1% below its 50-day moving average, and 10.6% below its 200-day moving average.
Related ETF and peers
The Guggenheim S&P Equal Weight Consumer Staples ETF (RHS) invests 2.9% of its holdings in Mead Johnson Nutrition. The YTD price movement of RHS was 3.0% on December 14.
The market caps of MJN’s competitors are as follows:
MJN declared a dividend
Mead Johnson Nutrition has declared a regular quarterly dividend of $0.4125 per share on its common stock. The dividend is payable on January 6, 2017, to shareholders of record at the close of business on December 23, 2016.
Mead Johnson’s performance in 3Q16
Mead Johnson Nutrition reported 3Q16 net sales of $937.5 million, which is a YoY (year-over-year) fall of 4.1% from the net sales of $977.5 million in 3Q15. Sales from Asia, Latin America, and North America and Europe fell 2.9%, 13.0%, and 0.79%, respectively, between 3Q15 and 3Q16. The company’s gross profit margin narrowed ten basis points and its EBIT (earnings before interest and tax) grew 120 basis points.
Its net income fell to $149.3 million and its EPS (earnings per share) rose to $0.80 in 3Q16, as compared with $155.2 million and $0.77, respectively, in 3Q15. It reported non-GAAP (generally accepted accounting principles) EPS of $0.87 in 3Q16, a rise of 8.7% over 3Q15. MJN’s cash and cash equivalents rose 8.3%, and its inventories fell 1.8% between 4Q15 and 3Q16.
The company has made the following projections for fiscal 2016:
- sales 2%–3% lower than 2015 on a constant dollar basis, or 6%–7% lower on a reported basis
- GAAP EPS in the range of $2.80 to $2.87
- non-GAAP EPS in the range of $3.43 to $3.50
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