Church & Dwight Company, Inc. (CHD) Now Covered by Analysts at Macquarie
Macquarie started coverage on shares of Church & Dwight Company, Inc. (NYSE:CHD) in a report published on Friday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $52.00 price target on the stock.
CHD has been the topic of a number of other reports. Zacks Investment Research lowered shares of Church & Dwight from a buy rating to a hold rating in a research note on Thursday, May 18th. BidaskClub raised shares of Church & Dwight from a sell rating to a hold rating in a research note on Saturday, August 19th. Jefferies Group LLC reaffirmed a buy rating and issued a $63.00 price objective (up from $60.00) on shares of Church & Dwight in a research note on Tuesday, July 18th. Finally, Bank of America Corporation upped their price objective on shares of Church & Dwight from $51.00 to $53.00 and gave the company an underperform rating in a research note on Monday, July 10th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $51.24.
Church & Dwight (NYSE:CHD) opened at 50.61 on Friday. Church & Dwight has a 12 month low of $42.56 and a 12 month high of $54.18. The stock’s 50 day moving average is $50.21 and its 200-day moving average is $50.94. The company has a market capitalization of $12.63 billion, a PE ratio of 29.93 and a beta of 0.60.
Church & Dwight (NYSE:CHD) last posted its quarterly earnings data 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 $898.00 million for the quarter, compared to analyst estimates of $903.87 million. During the same period in the prior year, the firm posted $0.85 EPS. The company’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts expect that Church & Dwight will post $1.93 EPS for the current year.
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The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Friday, August 11th. Church & Dwight’s dividend payout ratio is presently 44.97%.
In other Church & Dwight news, Director Robert D. Leblanc sold 9,718 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $49.84, for a total value of $484,345.12. Following the transaction, the director now directly owns 56,497 shares of the company’s stock, valued at $2,815,810.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven P. Cugine sold 177,940 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were 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 directly owns 46,348 shares in the company, valued at $2,331,304.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 198,858 shares of company stock worth $9,996,631. 2.00% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in CHD. First Trust Advisors LP lifted its stake in shares of Church & Dwight by 49.4% in the first quarter. First Trust Advisors LP now owns 74,045 shares of the company’s stock valued at $3,693,000 after buying an additional 24,496 shares in the last quarter. World Asset Management Inc lifted its stake in shares of Church & Dwight by 19.2% in the first quarter. World Asset Management Inc now owns 27,382 shares of the company’s stock valued at $1,366,000 after buying an additional 4,406 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Church & Dwight by 46.2% in the first quarter. UBS Asset Management Americas Inc. now owns 1,531,483 shares of the company’s stock valued at $76,375,000 after buying an additional 483,620 shares in the last quarter. British Columbia Investment Management Corp lifted its stake in shares of Church & Dwight by 21.7% in the first quarter. British Columbia Investment Management Corp now owns 121,602 shares of the company’s stock valued at $6,064,000 after buying an additional 21,691 shares in the last quarter. Finally, DE Burlo Group Inc. lifted its stake in shares of Church & Dwight by 28.6% in the first quarter. DE Burlo Group Inc. now owns 163,700 shares of the company’s stock valued at $8,163,000 after buying an additional 36,400 shares in the last quarter. 79.57% of the stock is currently owned by hedge funds and other institutional investors.
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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