Stifel Nicolaus Reiterates Hold Rating for Church & Dwight Co. (CHD)
Church & Dwight Co. (NYSE:CHD)‘s stock had its “hold” rating reissued by equities research analysts at Stifel Nicolaus in a note issued to investors on Friday. They currently have a $50.00 price target on the stock, up from their previous price target of $48.00. Stifel Nicolaus’ price objective indicates a potential upside of 6.52% from the company’s previous close.
CHD has been the subject of several other reports. Barclays PLC reduced their target price on Church & Dwight Co. to $47.00 and set an “underweight” rating for the company in a research note on Tuesday, September 6th. Jefferies Group reiterated a “buy” rating and set a $56.00 target price on shares of Church & Dwight Co. in a research note on Thursday, May 19th. Zacks Investment Research upgraded Church & Dwight Co. from a “sell” rating to a “hold” rating in a research note on Friday, August 5th. Goldman Sachs Group Inc. reiterated a “sell” rating and set a $40.50 target price on shares of Church & Dwight Co. in a research note on Friday, May 20th. Finally, Deutsche Bank AG lifted their target price on Church & Dwight Co. from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $50.65.
Shares of Church & Dwight Co. (NYSE:CHD) opened at 46.94 on Friday. The company has a market cap of $12.09 billion, a PE ratio of 27.35 and a beta of 0.32. Church & Dwight Co. has a one year low of $38.42 and a one year high of $53.68. The stock’s 50 day moving average price is $49.27 and its 200 day moving average price is $48.43.
Church & Dwight Co. (NYSE:CHD) last issued its earnings results on Thursday, August 4th. The company reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.05. Church & Dwight Co. had a return on equity of 22.69% and a net margin of 13.12%. The company earned $877.40 million during the quarter, compared to the consensus estimate of $869.23 million. During the same period in the previous year, the company posted $0.73 EPS. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities analysts predict that Church & Dwight Co. will post $1.77 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were issued a $0.355 dividend. The ex-dividend date was Thursday, August 11th. This represents a $1.42 annualized dividend and a yield of 3.03%. Church & Dwight Co.’s dividend payout ratio is presently 41.40%.
In other news, Director James Craigie sold 9,350 shares of the business’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $100.00, for a total transaction of $935,000.00. Following the completion of the transaction, the director now owns 19,796 shares of the company’s stock, valued at approximately $1,979,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ravichandra Krishnamu Saligram sold 1,899 shares of the business’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $99.86, for a total value of $189,634.14. Following the transaction, the director now directly owns 12,966 shares of the company’s stock, valued at approximately $1,294,784.76. The disclosure for this sale can be found here. 2.17% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Carnick & Kubik Group LLC acquired a new position in Church & Dwight Co. during the second quarter worth approximately $874,000. Williams Jones & Associates LLC boosted its position in Church & Dwight Co. by 4,328.4% in the second quarter. Williams Jones & Associates LLC now owns 30,999 shares of the company’s stock worth $3,189,000 after buying an additional 30,299 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Church & Dwight Co. during the second quarter worth approximately $533,000. Kentucky Retirement Systems acquired a new position in Church & Dwight Co. during the second quarter worth approximately $1,123,000. Finally, Mason Street Advisors LLC acquired a new position in Church & Dwight Co. during the second quarter worth approximately $1,778,000. 40.08% of the stock is owned by institutional investors.
About Church & Dwight Co.
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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