Church & Dwight Company, Inc. (CHD) Upgraded to “Hold” by Zacks Investment Research
Church & Dwight Company, Inc. (NYSE:CHD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday.
According to Zacks, “Shares of Church & Dwight have declined and underperformed the industry in the past six months. Though the company's sales gained from acquisitions in the second quarter 2017, earnings suffered due to higher promotional expenses. Additionally, higher input costs and promotional spending have been hurting the company’s margins, and going forward, management expects modest inflationary environment. Nevertheless, we believe that its stable portfolio of value and premium products, along with robust sales growth and expense management is likely to boost the company’s performance. Also, the recent acquisitions of Water Pik, Agro BioSciences, VIVISCAL business and ANUSOL and RECTINOL brands are expected to add further strength to the company’s sturdy portfolio and improve business. However, pricing pressures, rising commodity costs, stiff competition and weak consumer demand in many of its markets remain its headwinds.”
Other analysts have also issued reports about the stock. BMO Capital Markets set a $50.00 price objective on shares of Church & Dwight and gave the company a “hold” rating in a report on Monday, July 17th. KeyCorp restated a “hold” rating on shares of Church & Dwight in a report on Monday. UBS AG restated a “sell” rating and issued a $48.00 price objective (up from $46.00) on shares of Church & Dwight in a report on Tuesday, July 18th. Bank of America Corporation boosted their price objective on shares of Church & Dwight from $51.00 to $53.00 and gave the company an “underperform” rating in a report on Monday, July 10th. Finally, BidaskClub lowered shares of Church & Dwight from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $51.26.
Church & Dwight (NYSE CHD) traded down 3.099% on Friday, hitting $45.815. 1,171,014 shares of the stock were exchanged. The stock’s 50 day moving average price is $48.67 and its 200 day moving average price is $50.60. The firm has a market cap of $11.43 billion, a PE ratio of 27.093 and a beta of 0.60. Church & Dwight has a 52-week low of $42.56 and a 52-week high of $54.18.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $898.00 million for the quarter, compared to analyst estimates of $903.87 million. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. Church & Dwight’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. Equities research analysts forecast that Church & Dwight will post $1.93 earnings per share for the current year.
In other Church & Dwight news, EVP Steven P. Cugine sold 177,940 shares of Church & Dwight stock in a transaction dated 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 completion of 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert D. Leblanc sold 9,718 shares of Church & Dwight stock in a transaction dated 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 of the company’s stock, 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 valued at $9,996,631. 2.00% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Church & Dwight by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 27,784,350 shares of the company’s stock valued at $1,441,451,000 after acquiring an additional 345,265 shares in the last quarter. BlackRock Inc. grew its position in 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 acquiring an additional 18,639,877 shares in the last quarter. State Street Corp grew its position in 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 acquiring an additional 2,769,003 shares in the last quarter. Bessemer Group Inc. grew its position in Church & Dwight by 1.2% in the 2nd quarter. Bessemer Group Inc. now owns 4,814,253 shares of the company’s stock valued at $249,764,000 after acquiring an additional 55,092 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Church & Dwight by 7.7% in the 1st quarter. Geode Capital Management LLC now owns 2,900,524 shares of the company’s stock valued at $144,473,000 after acquiring an additional 208,604 shares in the last quarter. 79.52% of the stock is owned by 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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