) pushed the Food & Beverage industry lower today making it today's featured Food & Beverage laggard. The industry as a whole closed the day up 1%. By the end of trading, Mead Johnson Nutrition Company fell $2.29 (-3.1%) to $70.69 on heavy volume. Throughout the day, 6.2 million shares of Mead Johnson Nutrition Company exchanged hands as compared to its average daily volume of 2.1 million shares. The stock ranged in price between $68.09-$74.83 after having opened the day at $72.76 as compared to the previous trading day's close of $72.98. Other company's within the Food & Beverage industry that declined today were:
), down 7.4%,
), down 7.3%,
), down 4.8%, and
), down 4.3%.
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Mead Johnson Nutrition Company manufactures, distributes, and sells infant formulas, children's nutrition, and other nutritional products. Mead Johnson Nutrition Company has a market cap of $14.91 billion and is part of the
sector. The company has a P/E ratio of 28.4, below the average food & beverage industry P/E ratio of 28.7 and above the S&P 500 P/E ratio of 17.7. Shares are up 6.2% year to date as of the close of trading on Wednesday. Currently there are six analysts that rate Mead Johnson Nutrition Company a buy, no analysts rate it a sell, and six rate it a hold.
TheStreet Ratings rates Mead Johnson Nutrition Company as a
. 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.
On the positive front,
), up 7.3%,
), up 7.1%,
), up 6.8%, and
), up 6.3%, were all gainers within the food & beverage industry with
) being today's featured food & beverage industry leader.
- Use our food & beverage section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the food & beverage industry could consider
) while those bearish on the food & beverage industry could consider
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- Find other investment ideas from our top rated ETFs lists.