Church & Dwight Co. (CHD) Stock Price Down 1.9%
Church & Dwight Co. (NYSE:CHD) was down 1.9% on Tuesday . The company traded as low as $99.69 and last traded at $99.79, with a volume of 337,791 shares changing hands. The stock had previously closed at $101.69.
Several equities research analysts recently commented on CHD shares. Zacks Investment Research upgraded shares of Church & Dwight Co. from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a research report on Thursday, April 7th. Deutsche Bank AG restated a “buy” rating on shares of Church & Dwight Co. in a research report on Sunday, May 22nd. Jefferies Group restated a “buy” rating and issued a $112.00 price target on shares of Church & Dwight Co. in a research report on Thursday, May 19th. Stifel Nicolaus assumed coverage on shares of Church & Dwight Co. in a research report on Monday. They issued a “hold” rating on the stock. Finally, Goldman Sachs Group Inc. restated a “sell” rating and issued a $81.00 price target on shares of Church & Dwight Co. in a research report on Friday, May 20th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $96.00.
The firm has a market capitalization of $12.78 billion and a price-to-earnings ratio of 31.82. The company’s 50 day moving average price is $99.61 and its 200 day moving average price is $92.26.
Church & Dwight Co. (NYSE:CHD) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. During the same quarter in the previous year, the business earned $0.80 earnings per share. The business had revenue of $849 million for the quarter, compared to the consensus estimate of $825.44 million. The firm’s revenue was up 4.5% on a year-over-year basis. Equities research analysts forecast that Church & Dwight Co. will post $3.53 earnings per share for the current fiscal year.
In other news, EVP Steven P. Cugine sold 32,400 shares of the stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $97.05, for a total transaction of $3,144,420.00. Following the completion of the sale, the executive vice president now owns 46,105 shares of the company’s stock, valued at $4,474,490.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Louis Tursi sold 63,000 shares of the stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $99.07, for a total value of $6,241,410.00. Following the sale, the vice president now directly owns 49,767 shares of the company’s stock, valued at approximately $4,930,416.69. The disclosure for this sale can be found here.
Other hedge funds recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Church & Dwight Co. by 21.7% in the fourth quarter. Vanguard Group Inc. now owns 12,110,396 shares of the company’s stock worth $1,027,930,000 after buying an additional 2,155,991 shares during the period. Morgan Stanley raised its stake in Church & Dwight Co. by 65.7% in the fourth quarter. Morgan Stanley now owns 780,983 shares of the company’s stock worth $66,291,000 after buying an additional 309,534 shares during the period. Alleghany Corp DE bought a new stake in Church & Dwight Co. during the fourth quarter worth $25,464,000. Stevens Capital Management LP bought a new stake in Church & Dwight Co. during the fourth quarter worth $5,122,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in Church & Dwight Co. during the fourth quarter worth $2,433,000.
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company operates in three segments: Consumer Domestic, which includes consumer products, as well as other household and personal care products; Consumer International, which markets a range of personal care products, household and over-the-counter products in international markets, and Specialty Products Division (SPD), a producer of sodium bicarbonate.
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