Church & Dwight Company, Inc. (CHD) Earns “Sell” Rating from Goldman Sachs Group, Inc. (The)
Church & Dwight Company, Inc. (NYSE:CHD)‘s stock had its “sell” rating restated by stock analysts at Goldman Sachs Group, Inc. (The) in a research report issued on Wednesday.
A number of other brokerages have also weighed in on CHD. Jefferies Group LLC reaffirmed a “buy” rating and issued a $60.00 price objective (up previously from $59.00) on shares of Church & Dwight in a report on Thursday, July 6th. Zacks Investment Research downgraded Church & Dwight from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Macquarie began coverage on Church & Dwight in a research note on Friday, September 15th. They set a “neutral” rating and a $52.00 target price for the company. BidaskClub raised Church & Dwight from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Finally, BMO Capital Markets set a $50.00 price target on Church & Dwight and gave the company a “hold” rating in a report on Monday, July 17th. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $51.24.
Shares of Church & Dwight (CHD) traded up 0.30% during mid-day trading on Wednesday, reaching $47.50. The company’s stock had a trading volume of 1,960,277 shares. The company has a market capitalization of $11.85 billion, a price-to-earnings ratio of 28.09 and a beta of 0.60. Church & Dwight has a 1-year low of $42.56 and a 1-year high of $54.18. The company’s 50 day moving average price is $49.48 and its 200-day moving average price is $50.84.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The business had revenue of $898.00 million for the quarter, compared to analyst estimates of $903.87 million. During the same period in the previous year, the business posted $0.85 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. Analysts predict that Church & Dwight will post $1.93 earnings per share for the current fiscal year.
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In related news, Director Robert D. Leblanc sold 9,718 shares of the business’s 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 sale, the director now directly owns 56,497 shares in the company, valued at approximately $2,815,810.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Steven J. Katz sold 11,200 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $50.17, for a total transaction of $561,904.00. Following the completion of the sale, the vice president now owns 4,458 shares in the company, valued at $223,657.86. The disclosure for this sale can be found here. Insiders sold 198,858 shares of company stock worth $9,996,631 in the last three months. 2.00% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Church & Dwight by 2,267.4% during the 1st quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock valued at $970,569,000 after acquiring an additional 18,639,877 shares in the last quarter. State Street Corp raised its position in Church & Dwight by 23.1% during the first quarter. State Street Corp now owns 14,762,551 shares of the company’s stock worth $736,228,000 after acquiring an additional 2,769,003 shares during the last quarter. Renaissance Technologies LLC raised its position in Church & Dwight by 158.9% during the second quarter. Renaissance Technologies LLC now owns 1,791,900 shares of the company’s stock worth $92,964,000 after acquiring an additional 1,099,670 shares during the last quarter. Vanguard Group Inc. raised its position in Church & Dwight by 4.0% during the first quarter. Vanguard Group Inc. now owns 27,439,085 shares of the company’s stock worth $1,368,388,000 after acquiring an additional 1,054,013 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Church & Dwight by 48.6% in the second quarter. Franklin Resources Inc. now owns 1,487,434 shares of the company’s stock valued at $77,168,000 after purchasing an additional 486,634 shares in the last quarter. 79.57% of the stock is currently owned by hedge funds and other institutional investors.
Church & Dwight Company Profile
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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