Mead Johnson (MJN) Hit as Banned Additive Found in Several Key Baby Formula Batches
Tweet Send to a Friend
Get Alerts MJN Hot Sheet
Price: $80.47 -0.06%
Overall Analyst Rating:
NEUTRAL (
Down)
Dividend Yield: 1.9%
EPS Growth %: +3.7%
Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 1.9%
EPS Growth %: +3.7%
Trade MJN Now!
Mead Johnson Nutrition (NYSE: MJN) shares are flattening out, but still lower on the session, following reports one of its most popular baby formulas might have a prohibited ingredient in it.
According to Caijing.com.cn, a Chinese-language news site, Mead Johnson's baby formula for 0 - 6 months may have contained Vanillin, a prohibited additive. The discovery was made by a quality inspection group in south China's Hunan Province.
Batches made on October 22nd, 2011, and April 18th, 2012, were found to contain the banned additive.
China's National Food Safety Standards for Uses of Food Additives says that no spices should be added in baby food for 0 - 6 months.
Shares of Mead Johnson are down 4 percent on the session Tuesday.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
According to Caijing.com.cn, a Chinese-language news site, Mead Johnson's baby formula for 0 - 6 months may have contained Vanillin, a prohibited additive. The discovery was made by a quality inspection group in south China's Hunan Province.
Batches made on October 22nd, 2011, and April 18th, 2012, were found to contain the banned additive.
China's National Food Safety Standards for Uses of Food Additives says that no spices should be added in baby food for 0 - 6 months.
Shares of Mead Johnson are down 4 percent on the session Tuesday.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Kansas City Southern (KSU) to Replace Dean Foods (DF) in S&P 500; WhiteWave Foods (WWAV) to S&P MidCap 400
- Amid Tesla (TSLA) Squeeze, Option Prices Hit Record Highs
- Tableau Software (DATA) IPO now indicated $42-$44
Create E-mail Alert Related Categories
Corporate News, Insiders' Blog, Trader Talk
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
