Church & Dwight (CHD) Lifted to Outperform at CIBC
CHD has been the topic of a number of other research reports. Morgan Stanley dropped their price objective on Church & Dwight from $49.00 to $46.00 and set an underweight rating on the stock in a research note on Friday, November 3rd. BMO Capital Markets upped their price objective on Church & Dwight from $45.00 to $47.00 and gave the stock a hold rating in a research note on Tuesday. Jefferies Group dropped their price objective on Church & Dwight from $63.00 to $58.00 and set a buy rating on the stock in a research note on Friday, November 3rd. Barclays dropped their price objective on Church & Dwight from $49.00 to $43.00 and set an underweight rating on the stock in a research note on Tuesday, November 7th. Finally, Zacks Investment Research upgraded Church & Dwight from a hold rating to a buy rating and set a $56.00 price objective on the stock in a research note on Wednesday, January 3rd. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $51.40.
Shares of Church & Dwight (NYSE:CHD) opened at $48.56 on Wednesday. The company has a market capitalization of $11,841.46, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 2.13 and a beta of 0.45. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.07 and a quick ratio of 0.70. Church & Dwight has a 12 month low of $43.21 and a 12 month high of $54.18.
Church & Dwight announced that its board has authorized a share repurchase plan on Thursday, November 2nd that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be paid a $0.2175 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Wednesday, February 14th. This is a boost from Church & Dwight’s previous quarterly dividend of $0.19. Church & Dwight’s dividend payout ratio is 26.03%.
A number of institutional investors and hedge funds have recently bought and sold shares of CHD. Sandy Spring Bank raised its stake in Church & Dwight by 138.4% in the 3rd quarter. Sandy Spring Bank now owns 2,756 shares of the company’s stock valued at $133,000 after acquiring an additional 1,600 shares during the period. Ledyard National Bank raised its stake in Church & Dwight by 176.3% in the 4th quarter. Ledyard National Bank now owns 2,923 shares of the company’s stock valued at $147,000 after acquiring an additional 1,865 shares during the period. Hermes Investment Management Ltd. bought a new stake in Church & Dwight in the 4th quarter valued at $206,000. MUFG Americas Holdings Corp bought a new stake in Church & Dwight in the 3rd quarter valued at $218,000. Finally, Delaney Dennis R bought a new stake in Church & Dwight in the 4th quarter valued at $241,000. Institutional investors and hedge funds own 79.37% of the company’s stock.
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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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