Mead Johnson Nutrition Stock Hits New 52-Week High (MJN)

NEW YORK ( TheStreet) -- Mead Johnson Nutrition Company (NYSE: MJN) hit a new 52-week high Thursday as it is currently trading at $82.22, above its previous 52-week high of $82.08 with 330,487 shares traded as of 11:59 a.m. ET. Average volume has been 2.2 million shares over the past 30 days.

Mead Johnson Nutrition has a market cap of $14.4 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 18.8% year to date as of the close of trading on Wednesday.

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. The company has a P/E ratio of 32.6, above the average food & beverage industry P/E ratio of 28 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, solid stock price performance, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Mead Johnson Nutrition Ratings Report.

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