Several other research analysts have also commented on CHD. BidaskClub lowered Church & Dwight from a hold rating to a sell rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded Church & Dwight from a hold rating to a buy rating and set a $58.00 price target on the stock 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 Church & Dwight and gave the stock a sell rating in a report on Sunday, August 6th. Finally, BMO Capital Markets set a $50.00 price target on Church & Dwight and gave the stock a hold rating in a report on Monday, July 17th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $51.14.
Church & Dwight (CHD) traded up 1.55% during midday trading on Friday, reaching $50.43. 2,644,107 shares of the company were exchanged. The firm’s 50 day moving average price is $50.29 and its 200-day moving average price is $50.92. The stock has a market capitalization of $12.58 billion, a P/E ratio of 29.82 and a beta of 0.60. Church & Dwight has a 52 week low of $42.56 and a 52 week high of $54.18.
Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, topping the 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 business had revenue of $898.00 million for the quarter, compared to analyst estimates of $903.87 million. During the same quarter in the previous year, the firm earned $0.85 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities analysts forecast that Church & Dwight will post $1.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Friday, August 11th. Church & Dwight’s dividend payout ratio is currently 44.97%.
In other Church & Dwight news, Director Robert D. Leblanc sold 9,718 shares of Church & Dwight stock in a transaction dated Wednesday, August 9th. The stock was 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 of the company’s stock, valued at approximately $2,815,810.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Steven P. Cugine sold 177,940 shares of Church & Dwight stock in a transaction dated Monday, August 7th. The shares were 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 directly owns 46,348 shares of the company’s stock, valued at $2,331,304.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 198,858 shares of company stock valued at $9,996,631. 2.00% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Church & Dwight by 1.3% during the second quarter. Vanguard Group Inc. now owns 27,784,350 shares of the company’s stock worth $1,441,451,000 after buying an additional 345,265 shares in the last quarter. BlackRock Inc. grew its position in shares of Church & Dwight by 2,267.4% during the first quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock worth $970,569,000 after buying an additional 18,639,877 shares in the last quarter. State Street Corp grew its position in shares of 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 buying an additional 2,769,003 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Church & Dwight by 1.2% during the second quarter. Bessemer Group Inc. now owns 4,814,253 shares of the company’s stock worth $249,764,000 after buying an additional 55,092 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Church & Dwight by 7.7% during the first quarter. Geode Capital Management LLC now owns 2,900,524 shares of the company’s stock worth $144,473,000 after buying an additional 208,604 shares in the last quarter. 79.65% of the stock is owned by institutional investors and hedge funds.
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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