Church & Dwight Company, Inc. (CHD) Research Coverage Started at Macquarie
Stock analysts at Macquarie initiated coverage on shares of Church & Dwight Company, Inc. (NYSE:CHD) in a note issued to investors on Friday, MarketBeat.com reports. The brokerage set a “neutral” rating and a $52.00 price target on the stock. Macquarie’s target price points to a potential upside of 3.11% from the company’s current price.
CHD has been the topic of a number of other research reports. Zacks Investment Research downgraded Church & Dwight from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. BidaskClub upgraded Church & Dwight from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Jefferies Group LLC restated a “buy” rating and issued a $63.00 target price (up previously from $60.00) on shares of Church & Dwight in a research note on Tuesday, July 18th. Finally, Bank of America Corporation boosted their target price on Church & Dwight from $51.00 to $53.00 and gave the company an “underperform” rating in a research note on Monday, July 10th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.14.
Church & Dwight (NYSE:CHD) traded up 1.55% during trading on Friday, hitting $50.43. The stock had a trading volume of 2,644,007 shares. The firm’s 50 day moving average is $50.39 and its 200 day moving average is $50.92. Church & Dwight has a 1-year low of $42.56 and a 1-year high of $54.18. The firm has a market cap of $12.58 billion, a price-to-earnings ratio of 29.82 and a beta of 0.60.
Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates 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 $898.00 million for the quarter, compared to the consensus estimate of $903.87 million. During the same quarter in the previous year, the company posted $0.85 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, analysts anticipate that Church & Dwight will post $1.93 earnings per share for the current year.
In related news, EVP Steven P. Cugine sold 177,940 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $50.30, for a total transaction of $8,950,382.00. Following the completion of the transaction, the executive vice president now owns 46,348 shares of the company’s stock, valued at approximately $2,331,304.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert D. Leblanc sold 9,718 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total value of $484,345.12. Following the transaction, the director now directly owns 56,497 shares of the company’s stock, valued at approximately $2,815,810.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 198,858 shares of company stock valued at $9,996,631. 2.00% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC acquired a new position in shares of Church & Dwight during the 2nd quarter worth about $6,519,000. Sentry Investment Management LLC lifted its position in shares of Church & Dwight by 2.1% during the 2nd quarter. Sentry Investment Management LLC now owns 18,660 shares of the company’s stock worth $968,000 after purchasing an additional 378 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Church & Dwight by 22.9% during the 2nd quarter. Toronto Dominion Bank now owns 84,505 shares of the company’s stock worth $4,383,000 after purchasing an additional 15,746 shares during the last quarter. WINTON GROUP Ltd lifted its position in shares of Church & Dwight by 56.3% during the 2nd quarter. WINTON GROUP Ltd now owns 496,901 shares of the company’s stock worth $25,779,000 after purchasing an additional 179,004 shares during the last quarter. Finally, North Star Asset Management Inc. lifted its position in shares of Church & Dwight by 2.0% during the 2nd quarter. North Star Asset Management Inc. now owns 5,010 shares of the company’s stock worth $260,000 after purchasing an additional 100 shares during the last quarter. 79.65% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Church & Dwight Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Church & Dwight Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.