The food & beverage industry closed the day down 1.1%. Green Mountain Coffee Roasters Inc ( GMCR), Tianli Agritech Inc ( OINK), Glg Life Tech ( GLGL), and Pilgrims Pride ( PPC) were all decliners today within the food & beverage industry with Mead Johnson Nutrition Company ( MJN) being today's featured food & beverage loser. Mead Johnson Nutrition Company fell $1.91 (-2.6%) to $71.50 on light volume. Throughout the day, 1.1 million shares of Mead Johnson Nutrition Company exchanged hands as compared to its average daily volume of 1.8 million shares. Mead Johnson Nutrition Company manufactures, distributes, and sells infant formulas, children's nutritional products, and other nutritional products in Asia, Europe, Latin America, and North America. Mead Johnson Nutrition Company has a market cap of $15 billion and is part of the consumer goods sector. The company has a P/E ratio of 31.5, above the average food & beverage industry P/E ratio of 31.2 and above the S&P 500 P/E ratio of 17.7. Shares are up 17.8% year to date as of the close of trading on Tuesday. TheStreet Ratings rates Mead Johnson Nutrition as a sell. The area that we feel has been the company's primary weakness has been its unimpressive growth in net income.
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