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TheStreet Wire

Mead Johnson Nutrition Rises On Unusually High Volume (MJN)

By TheStreet Wire 07/11/12 - 03:39 PM EDT

Find out if (MJN) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Mead Johnson Nutrition Company (NYSE:MJN) is trading at unusually high volume Wednesday with 6.9 million shares changing hands. It is currently at four times its average daily volume and trading up $2.67 (+3.5%) at $77.96 as of 3:15 p.m. ET.

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Mead Johnson Nutrition has a market cap of $16.05 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 14.5% year to date as of the close of trading on Tuesday.

Mead Johnson Nutrition Company manufactures, distributes, and sells infant formulas, children's nutrition, and other nutritional products. The company has a P/E ratio of 31.1, above the average food & beverage industry P/E ratio of 30.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Mead Johnson Nutrition as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Mead Johnson Nutrition Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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