Church & Dwight Company, Inc. (CHD) Earns Buy Rating from Jefferies Group LLC
“With a higher bar given strong Nielsen data, CHD reported a mixed 2Q. EPS of $0.41 beat Street est. of $0.39, though org sales missed (+1.8% vs. Street +2.6%) with Cons. Dom. (flat) driving the shortfall. Better GM %/lower SG&A offset higher A&M driving ~2% OI beat. FY17 org sales (+3%) and EPS guide of $1.92 were reaffirmed with FX favorability reinvested. No change to strong fundamental story w/Street est.”,” Jefferies Group LLC’s analyst wrote.
A number of other research analysts have also recently issued reports on CHD. UBS AG reaffirmed a sell rating and set a $46.00 price objective (up from $45.00) on shares of Church & Dwight in a research note on Friday, May 5th. Zacks Investment Research lowered shares of Church & Dwight from a buy rating to a hold rating in a report on Monday, July 31st. BMO Capital Markets set a $50.00 target price on shares of Church & Dwight and gave the stock a hold rating in a report on Monday, July 17th. BidaskClub lowered shares of Church & Dwight from a buy rating to a hold rating in a report on Saturday, June 24th. Finally, Royal Bank Of Canada reiterated a sector perform rating and set a $45.00 target price on shares of Church & Dwight in a report on Monday, May 15th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. Church & Dwight presently has an average rating of Hold and an average price target of $50.90.
Shares of Church & Dwight (NYSE:CHD) traded down 2.67% on Thursday, hitting $50.39. The stock had a trading volume of 2,350,062 shares. The firm has a 50 day moving average of $52.83 and a 200-day moving average of $50.32. The firm has a market capitalization of $12.56 billion, a price-to-earnings ratio of 27.54 and a beta of 0.57. Church & Dwight has a 1-year low of $42.56 and a 1-year high of $54.18.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.41 earnings per share (EPS) 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 firm had revenue of $898 million for the quarter, compared to analysts’ expectations of $903.87 million. During the same period last year, the firm earned $0.85 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts predict that Church & Dwight will post $1.93 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a $0.19 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.76 annualized dividend and a yield of 1.51%. Church & Dwight’s dividend payout ratio (DPR) is presently 44.97%.
A number of hedge funds have recently modified their holdings of CHD. Vanguard Group Inc. raised its stake in shares of Church & Dwight by 4.0% in the first quarter. Vanguard Group Inc. now owns 27,439,085 shares of the company’s stock valued at $1,368,388,000 after buying an additional 1,054,013 shares during the period. BlackRock Inc. raised its stake in shares of Church & Dwight by 2,267.4% in the first quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock valued at $970,569,000 after buying an additional 18,639,877 shares during the period. State Street Corp raised its stake in shares of Church & Dwight by 23.1% in the first quarter. State Street Corp now owns 14,762,551 shares of the company’s stock valued at $736,228,000 after buying an additional 2,769,003 shares during the period. Bessemer Group Inc. raised its stake in shares of Church & Dwight by 1.2% in the second quarter. Bessemer Group Inc. now owns 4,814,253 shares of the company’s stock valued at $249,764,000 after buying an additional 55,092 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Church & Dwight by 7.7% in the first quarter. Geode Capital Management LLC now owns 2,900,524 shares of the company’s stock valued at $144,473,000 after buying an additional 208,604 shares during the period. Institutional investors and hedge funds own 82.10% 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.
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