Church & Dwight Company, Inc. (NYSE:CHD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

According to Zacks, “Shares of Church & Dwight have declined and underperformed the industry in the past six months. Though the company's sales gained from the acquisitions in the second quarter 2017, earnings suffered due to higher promotional expenses. Additionally, higher input costs and promotional spending have been hurting the company’s margins, and going forward, management expects modestly inflationary environment. Nevertheless, we believe that its stable portfolio of value and premium products, along with robust sales growth and expense management is likely to boost the company’s performance. Also, the recent acquisitions of Water Pik, Agro BioSciences, VIVISCAL business and ANUSOL and RECTINOL brands are expected to add further strength to the company’s sturdy portfolio and improve business. However, pricing pressures, rising commodity costs, stiff competition and weak consumer demand in many of its markets remain its headwinds.”

A number of other analysts have also commented on CHD. Macquarie assumed coverage on Church & Dwight in a report on Friday, September 15th. They issued a “neutral” rating and a $52.00 target price for the company. KeyCorp reissued a “hold” rating on shares of Church & Dwight in a report on Friday, August 25th. BidaskClub raised Church & Dwight from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Barclays PLC set a $49.00 target price on Church & Dwight and gave the stock a “sell” rating in a report on Sunday, August 6th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $63.00 target price on shares of Church & Dwight in a report on Thursday, August 3rd. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. Church & Dwight has an average rating of “Hold” and a consensus price target of $51.24.

Shares of Church & Dwight (CHD) traded down 0.35% during midday trading on Wednesday, reaching $47.76. The company had a trading volume of 493,608 shares. Church & Dwight has a one year low of $42.56 and a one year high of $54.18. The company has a market capitalization of $11.92 billion, a P/E ratio of 28.24 and a beta of 0.60. The company has a 50-day moving average price of $49.35 and a 200 day moving average price of $50.79.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.02. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. The company had revenue of $898.00 million during the quarter, compared to analyst estimates of $903.87 million. During the same quarter last year, the company earned $0.85 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities analysts anticipate that Church & Dwight will post $1.93 earnings per share for the current fiscal year.

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In other news, VP Steven J. Katz sold 11,200 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $50.17, for a total value of $561,904.00. Following the transaction, the vice president now directly owns 4,458 shares in the company, valued at approximately $223,657.86. The transaction was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $50.30, for a total value of $8,950,382.00. Following the completion of the transaction, the executive vice president now 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 90 days, insiders sold 198,858 shares of company stock worth $9,996,631. Company insiders own 2.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Church & Dwight by 1.3% during the second quarter. Vanguard Group Inc. now owns 27,784,350 shares of the company’s stock valued at $1,441,451,000 after purchasing an additional 345,265 shares in the last quarter. BlackRock Inc. lifted its position in Church & Dwight by 2,267.4% during the first quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock valued at $970,569,000 after purchasing an additional 18,639,877 shares in the last quarter. State Street Corp lifted 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 valued at $736,228,000 after purchasing an additional 2,769,003 shares in the last quarter. Bessemer Group Inc. lifted its position in Church & Dwight by 1.2% during the second quarter. Bessemer Group Inc. now owns 4,814,253 shares of the company’s stock valued at $249,764,000 after purchasing an additional 55,092 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Church & Dwight by 7.7% during the first quarter. Geode Capital Management LLC now owns 2,900,524 shares of the company’s stock valued at $144,473,000 after purchasing an additional 208,604 shares in the last quarter. Institutional investors own 79.57% 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.

Analyst Recommendations for Church & Dwight (NYSE:CHD)

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