Stifel Nicolaus Reaffirms “Hold” Rating for Church & Dwight Co. (CHD)
Stifel Nicolaus reaffirmed their hold rating on shares of Church & Dwight Co. (NYSE:CHD) in a research note issued to investors on Friday. The brokerage currently has a $50.00 price target on the stock, up from their prior price target of $48.00.
A number of other equities analysts have also recently commented on the company. Goldman Sachs Group Inc. reaffirmed a sell rating and issued a $42.00 price target (up from $40.50) on shares of Church & Dwight Co. in a research note on Friday, July 15th. Barclays PLC decreased their price target on Church & Dwight Co. to $47.00 and set an underweight rating on the stock in a research note on Tuesday, September 6th. Jefferies Group lifted their price target on Church & Dwight Co. from $56.00 to $58.00 and gave the stock a buy rating in a research note on Sunday, August 7th. JPMorgan Chase & Co. lifted their price objective on Church & Dwight Co. from $47.50 to $51.50 and gave the stock a neutral rating in a research report on Friday, August 5th. Finally, Zacks Investment Research lowered Church & Dwight Co. from a buy rating to a hold rating in a research report on Tuesday, June 7th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Church & Dwight Co. currently has a consensus rating of Hold and an average price target of $50.65.
Church & Dwight Co. (NYSE:CHD) opened at 47.42 on Friday. The firm has a market capitalization of $12.22 billion, a price-to-earnings ratio of 27.63 and a beta of 0.32. Church & Dwight Co. has a 12 month low of $38.42 and a 12 month high of $53.68. The stock’s 50 day moving average price is $49.21 and its 200-day moving average price is $48.44.
Church & Dwight Co. (NYSE:CHD) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.05. The business had revenue of $877.40 million for the quarter, compared to analysts’ expectations of $869.23 million. Church & Dwight Co. had a return on equity of 22.69% and a net margin of 13.12%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 EPS. Equities analysts anticipate that Church & Dwight Co. will post $1.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were given a dividend of $0.355 per share. The ex-dividend date was Thursday, August 11th. This represents a $1.42 annualized dividend and a dividend yield of 2.99%. Church & Dwight Co.’s dividend payout ratio is presently 41.40%.
In other Church & Dwight Co. news, VP Paul A. Siracusa sold 3,293 shares of the business’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $50.03, for a total value of $164,748.79. Following the sale, the vice president now directly owns 4,448 shares of the company’s stock, valued at $222,533.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Paul A. Siracusa sold 122,707 shares of the business’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $50.01, for a total value of $6,136,577.07. Following the completion of the sale, the vice president now directly owns 62,355 shares in the company, valued at $3,118,373.55. The disclosure for this sale can be found here. 2.17% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in CHD. Stifel Financial Corp increased its stake in Church & Dwight Co. by 1.4% in the fourth quarter. Stifel Financial Corp now owns 23,950 shares of the company’s stock valued at $2,031,000 after buying an additional 329 shares during the period. Pioneer Investment Management Inc. bought a new stake in Church & Dwight Co. during the fourth quarter valued at approximately $18,555,000. Nomura Asset Management Co. Ltd. increased its stake in Church & Dwight Co. by 4.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 59,120 shares of the company’s stock valued at $5,018,000 after buying an additional 2,500 shares during the period. Norges Bank bought a new stake in Church & Dwight Co. during the fourth quarter valued at approximately $70,968,000. Finally, Chevy Chase Trust Holdings Inc. increased its stake in Church & Dwight Co. by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 109,806 shares of the company’s stock valued at $10,122,000 after buying an additional 3,493 shares during the period. 40.01% of the stock is currently owned by institutional investors and hedge funds.
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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