Church & Dwight Co., Inc. (NYSE:CHD) Receives Consensus “Hold” Recommendation From Analysts
Church & Dwight Co., Inc. (NYSE: CHD – Get a rating) has been assigned a consensus rating of “Hold” by the thirteen brokerages that cover the company, Marketbeat.com reports. Four equity research analysts rated the stock with a sell rating, six assigned a hold rating and three issued a buy rating on the company. The 1-year average price target among analysts who have rated the stock over the past year is $99.10.
Several research analysts have recently commented on CHD stocks. Argus downgraded Church & Dwight from a “buy” rating to a “hold” rating in a Thursday, February 3, report. Jefferies Financial Group raised its price target on Church & Dwight from $116.00 to $118.00 and gave the stock a “buy” rating in a Monday, January 31 report. Truist Financial raised its price target on Church & Dwight from $100.00 to $120.00 and gave the stock a “buy” rating in a Monday, January 31 report. Oppenheimer raised his price target on Church & Dwight from $100.00 to $110.00 and gave the stock an “outperform” rating in a Monday, Dec. 20 report. Finally, Wells Fargo & Company raised its price target on Church & Dwight from $89.00 to $94.00 and gave the stock an “equal weight” rating in a Tuesday, Nov. 30, report.
CHD stock opened at $95.15 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.59 and a debt ratio of 0.50. The company has a market capitalization of $23.09 billion, a PE ratio of 28.75, a PEG ratio of 3.72 and a beta of 0.43. Church & Dwight has a 12-month low of $80.76 and a 12-month high of $104.84. The stock has a 50-day simple moving average of $100.14 and a two-hundred-day simple moving average of $92.71.
Church & Dwight (NYSE: CHD – Get a rating) last released its results on Friday, January 28. The company reported earnings per share of $0.64 for the quarter, beating the Zacks consensus estimate of $0.58 by $0.06. The company posted revenue of $1.37 billion in the quarter, against analyst estimates of $1.35 billion. Church & Dwight had a return on equity of 22.72% and a net margin of 15.94%. The company’s quarterly revenue increased by 5.7% compared to the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $0.53. On average, equity research analysts expect Church & Dwight to post 3.2 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 1. Shareholders of record on Tuesday, February 15 received a dividend of $0.2625. The ex-dividend date was Monday, February 14. This represents an annualized dividend of $1.05 and a yield of 1.10%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.25. Church & Dwight’s dividend payout ratio is currently 31.72%.
In other Church & Dwight news, CMO Barry A. Bruno sold 4,400 shares of the company in a trade that took place on Monday, December 13. The stock was sold at an average price of $97.20, for a total value of $427,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Also, Vice President Rene Hemsey sold 2,275 shares of the company in a transaction that took place on Friday, December 17. The shares were sold at an average price of $99.56, for a total value of $226,499.00. Disclosure of this sale can be found here. Insiders sold 48,559 shares of the company valued at $4,765,331 during the last quarter. Company insiders hold 2.00% of the company’s shares.
Several institutional investors have recently changed their positions in CHD. Allspring Global Investments Holdings LLC purchased a new position in shares of Church & Dwight during the fourth quarter, valued at approximately $400,010,000. Norges Bank bought a new position in shares of Church & Dwight during the fourth quarter valued at approximately $203,912,000. Fundsmith LLP increased its holdings of Church & Dwight shares by 19.5% during the third quarter. Fundsmith LLP now owns 11,022,496 shares of the company valued at $910,127,000 after acquiring an additional 1,798,374 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings of Church & Dwight stock by 35.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,087,707 shares of the company valued at $623,990,000 after acquiring an additional 1,596,506 shares last quarter. Finally, BlackRock Inc. increased its stake in shares of Church & Dwight by 2.8% during the fourth quarter. BlackRock Inc. now owns 19,102,645 shares of the company valued at $1,958,022,000 after acquiring an additional 514,589 shares last quarter. Institutional investors hold 84.22% of the company’s shares.
Church & Dwight Corporate Profile (Get a rating)
Church & Dwight Co, Inc is engaged in the development, manufacture and marketing of household, personal care and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, dryer sheets, cat litter and household cleaning products, as well as personal care products, including antiperspirants, personal care products oral products, depilatories, reproductive health products, oral pain relievers, nasal saline moisturizers and dietary supplements.
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