Church & Dwight Company, Inc. (CHD) Price Target Cut to $43.00
Church & Dwight Company, Inc. (NYSE:CHD) had its price target reduced by Barclays PLC from $49.00 to $43.00 in a research report released on Tuesday. They currently have an underweight rating on the stock.
Several other equities research analysts have also recently issued reports on the company. Jefferies Group LLC reiterated a buy rating and issued a $63.00 price objective (up from $60.00) on shares of Church & Dwight in a report on Tuesday, July 18th. Zacks Investment Research cut Church & Dwight from a hold rating to a sell rating in a report on Wednesday, October 4th. Macquarie started coverage on Church & Dwight in a report on Friday, September 15th. They issued a neutral rating and a $52.00 price objective on the stock. Bank of America Corporation lifted their price objective on Church & Dwight from $51.00 to $53.00 and gave the stock an underperform rating in a report on Monday, July 10th. Finally, KeyCorp reiterated a hold rating on shares of Church & Dwight in a report on Friday, August 25th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $49.49.
Shares of Church & Dwight (NYSE:CHD) opened at $44.75 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.08. Church & Dwight has a twelve month low of $42.56 and a twelve month high of $54.18. The stock has a market capitalization of $10,996.71, a PE ratio of 23.66, a P/E/G ratio of 2.57 and a beta of 0.54.
Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Church & Dwight had a return on equity of 24.82% and a net margin of 12.32%. The company had revenue of $967.90 million for the quarter, compared to analysts’ expectations of $937.20 million. During the same period in the previous year, the firm posted $0.47 EPS. Church & Dwight’s revenue was up 11.2% compared to the same quarter last year. equities research analysts anticipate that Church & Dwight will post 1.92 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Tuesday, November 14th. Church & Dwight’s dividend payout ratio (DPR) is 43.68%.
Church & Dwight announced that its board has approved a stock buyback plan on Thursday, November 2nd that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.
In other news, VP Steven J. Katz sold 11,200 shares of Church & Dwight stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $50.17, for a total transaction of $561,904.00. Following the sale, the vice president now owns 4,458 shares of the company’s stock, valued at approximately $223,657.86. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Matthew Farrell purchased 5,000 shares of Church & Dwight stock in a transaction dated Monday, November 6th. The shares were purchased at an average cost of $43.83 per share, for a total transaction of $219,150.00. Following the transaction, the chief executive officer now owns 103,685 shares in the company, valued at approximately $4,544,513.55. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 6,546 shares of company stock worth $288,772. Corporate insiders own 2.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Church & Dwight by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 27,784,350 shares of the company’s stock valued at $1,441,451,000 after buying an additional 345,265 shares during the period. Bessemer Group Inc. raised its position in shares of Church & Dwight by 0.8% during the 3rd quarter. Bessemer Group Inc. now owns 4,852,760 shares of the company’s stock valued at $235,117,000 after buying an additional 38,507 shares during the period. American Century Companies Inc. raised its position in shares of Church & Dwight by 28.2% during the 3rd quarter. American Century Companies Inc. now owns 1,923,003 shares of the company’s stock valued at $93,169,000 after buying an additional 423,267 shares during the period. APG Asset Management N.V. raised its position in shares of Church & Dwight by 13.1% during the 3rd quarter. APG Asset Management N.V. now owns 1,795,728 shares of the company’s stock valued at $87,003,000 after buying an additional 207,400 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Church & Dwight by 158.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,791,900 shares of the company’s stock valued at $92,964,000 after buying an additional 1,099,670 shares during the period. 79.96% of the stock is currently owned by hedge funds and other institutional investors.
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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