Church & Dwight Company, Inc. (CHD) Earns “Sell” Rating from Goldman Sachs Group, Inc. (The)
A number of other analysts have also recently issued reports on the company. BidaskClub upgraded Church & Dwight from a hold rating to a buy rating in a report on Saturday, June 17th. Jefferies Group LLC reiterated a buy rating and set a $63.00 target price (up previously from $60.00) on shares of Church & Dwight in a report on Tuesday, July 18th. Bank of America Corporation boosted their target price on Church & Dwight from $51.00 to $53.00 and gave the stock an underperform rating in a report on Monday, July 10th. Macquarie initiated coverage on Church & Dwight in a report on Friday, September 15th. They set a neutral rating and a $52.00 target price for the company. Finally, Zacks Investment Research upgraded Church & Dwight from a hold rating to a buy rating and set a $58.00 target price for the company in a report on Friday, July 7th. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $51.24.
Shares of Church & Dwight (NYSE:CHD) opened at 47.45 on Wednesday. Church & Dwight has a 12 month low of $42.56 and a 12 month high of $54.18. The stock’s 50 day moving average is $49.28 and its 200 day moving average is $50.78. The firm has a market cap of $11.84 billion, a PE ratio of 28.06 and a beta of 0.60.
Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping 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 business had revenue of $898.00 million during the quarter, compared to analysts’ expectations of $903.87 million. During the same quarter in the previous year, the business earned $0.85 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts anticipate that Church & Dwight will post $1.93 earnings per share for the current fiscal year.
In other Church & Dwight news, EVP Steven P. Cugine sold 177,940 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $50.30, for a total value of $8,950,382.00. Following the transaction, the executive vice president now directly owns 46,348 shares of the company’s stock, valued at approximately $2,331,304.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert D. Leblanc sold 9,718 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $49.84, for a total value of $484,345.12. Following the completion of the transaction, the director now directly owns 56,497 shares in the company, valued at $2,815,810.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 198,858 shares of company stock worth $9,996,631. 2.00% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in CHD. BlackRock Inc. raised its position in shares of Church & Dwight by 2,267.4% in the 1st quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock valued at $970,569,000 after purchasing an additional 18,639,877 shares in the last quarter. State Street Corp raised its position in shares of Church & Dwight by 23.1% in the 1st quarter. State Street Corp now owns 14,762,551 shares of the company’s stock valued at $736,228,000 after purchasing an additional 2,769,003 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Church & Dwight by 158.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,791,900 shares of the company’s stock valued at $92,964,000 after purchasing an additional 1,099,670 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Church & Dwight by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 27,439,085 shares of the company’s stock valued at $1,368,388,000 after purchasing an additional 1,054,013 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Church & Dwight by 48.6% in the 2nd quarter. Franklin Resources Inc. now owns 1,487,434 shares of the company’s stock valued at $77,168,000 after purchasing an additional 486,634 shares in the last quarter. 79.57% of the stock is currently owned by institutional investors.
Church & Dwight Company Profile
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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