Church & Dwight Company, Inc. (CHD) Rating Increased to Hold at BidaskClub
Church & Dwight Company, Inc. (NYSE:CHD) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.
A number of other equities research analysts have also commented on CHD. UBS AG reiterated a “sell” rating and set a $46.00 price target (up from $45.00) on shares of Church & Dwight in a report on Friday, May 5th. Zacks Investment Research upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Thursday, June 1st. Jefferies Group LLC reiterated a “buy” rating and set a $63.00 price target on shares of Church & Dwight in a report on Thursday, August 3rd. Barclays PLC set a $49.00 price target on shares of Church & Dwight and gave the company a “sell” rating in a report on Sunday, August 6th. Finally, BMO Capital Markets set a $50.00 price target on shares of Church & Dwight and gave the company a “hold” rating in a report on Monday, July 17th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. Church & Dwight presently has an average rating of “Hold” and a consensus target price of $51.07.
Church & Dwight (CHD) opened at 50.05 on Friday. Church & Dwight has a 52 week low of $42.56 and a 52 week high of $54.18. The company has a market cap of $12.49 billion, a P/E ratio of 29.60 and a beta of 0.57. The company’s 50-day moving average is $51.83 and its 200-day moving average is $50.67.
Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.02. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The company had revenue of $898 million during the quarter, compared to analyst estimates of $903.87 million. During the same period in the prior year, the business posted $0.85 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. On average, analysts anticipate that Church & Dwight will post $1.93 EPS for the current fiscal year.
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In related news, Director Robert D. Leblanc sold 9,718 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $49.84, for a total value of $484,345.12. Following the completion of the transaction, the director now directly owns 56,497 shares in the company, valued at approximately $2,815,810.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Steven P. Cugine sold 177,940 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $50.30, for a total transaction of $8,950,382.00. Following the completion of the transaction, the executive vice president now owns 46,348 shares of the company’s stock, valued at $2,331,304.40. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of CHD. Vanguard Group Inc. raised its position in shares of Church & Dwight by 1.3% in the second quarter. Vanguard Group Inc. now owns 27,784,350 shares of the company’s stock valued at $1,441,451,000 after buying an additional 345,265 shares during the last quarter. BlackRock Inc. raised its position in shares of Church & Dwight by 2,267.4% in the first quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock valued at $970,569,000 after buying an additional 18,639,877 shares during the last quarter. State Street Corp raised its position in shares of Church & Dwight by 23.1% in the first quarter. State Street Corp now owns 14,762,551 shares of the company’s stock valued at $736,228,000 after buying an additional 2,769,003 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Church & Dwight by 1.2% in the second quarter. Bessemer Group Inc. now owns 4,814,253 shares of the company’s stock valued at $249,764,000 after buying an additional 55,092 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Church & Dwight by 7.7% in the first quarter. Geode Capital Management LLC now owns 2,900,524 shares of the company’s stock valued at $144,473,000 after buying an additional 208,604 shares during the last quarter. Institutional investors own 80.62% of the company’s stock.
About Church & Dwight
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.
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