Zacks Investment Research enhanced actions of Church and Dwight (NYSE: CHD – Get a rating) from a sell rating to a hold rating in a report released Tuesday morning, Zacks.com reports. The brokerage currently has a target price of $109.00 on the stock.
According to Zacks, “Church & Dwight has outperformed the industry over the past three months due to strong consumer and demand trends, which contributed to fourth quarter 2021 results. During the quarter, the top lines and bottom rose year-over-year and exceeded Zacks’ consensus estimate The company saw consumer gains in 12 of 16 national categories The company is largely benefiting from brand strength , including buyouts like TheraBreath. The company expects various categories such as laundry detergent and gummy vitamins to remain at high consumption levels in 2022. Church & Dwight is also on track with its pricing efforts. to counter cost inflation. Management expects organic sales growth of 3-6% in 2022. However, challenges related to inflation, raw materials, distribution and labor work p persist. Management expects input costs and transportation costs to increase in 2022.”
Several other stock analysts also commented on CHD. Atlantic Securities downgraded shares of Church & Dwight from a neutral rating to an underweight rating and set a target price of $80.00 for the stock. in a report from Wednesday, March 2. StockNews.com began covering Church & Dwight shares in a report on Thursday, March 31. They have set a holding rating on the stock. Goldman Sachs Group cut its price target on Church & Dwight shares from $105.00 to $101.00 in a Tuesday, March 29 report. JPMorgan Chase & Co. cut its price target on shares of Church & Dwight from $87.00 to $85.00 and set an underweight rating on the stock in a Wednesday, March 30 report. Finally, Truist Financial raised its price target on Church & Dwight shares from $100.00 to $120.00 and gave the stock a buy rating in a Monday, January 31 report. Four analysts rated the stock with a sell rating, eight gave the company a hold rating and three gave the company’s stock a buy rating. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $99.38.
Shares of NYSE: CHD opened at $103.91 on Tuesday. The company’s fifty-day moving average price is $98.81 and its 200-day moving average price is $95.28. The company has a market capitalization of $25.22 billion, a price/earnings ratio of 31.39, a PEG ratio of 4.04 and a beta of 0.43. Church & Dwight has a one-year low of $80.76 and a one-year high of $105.15. The company has a debt ratio of 0.50, a current ratio of 0.59 and a quick ratio of 0.34.
Church and Dwight (NYSE: CHD – Get a rating) last released its results on Friday, January 28. The company reported EPS of $0.64 for the quarter, beating Thomson Reuters consensus estimate of $0.58 by $0.06. Church & Dwight had a net margin of 15.94% and a return on equity of 22.72%. The company posted revenue of $1.37 billion for the quarter, compared to analysts’ estimates of $1.35 billion. In the same quarter last year, the company achieved EPS of $0.53. The company’s quarterly revenue increased 5.7% compared to the same quarter last year. As a group, equity research analysts expect Church & Dwight to post 3.2 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 1. Investors of record on Tuesday, February 15 received a dividend of $0.2625. This is an increase from Church & Dwight’s previous quarterly dividend of $0.25. This represents a dividend of $1.05 on an annualized basis and a yield of 1.01%. The ex-dividend date was Monday, February 14. Church & Dwight’s dividend payout ratio is currently 31.72%.
In other Church & Dwight news, Director Penry W. Price sold 16,718 Church & Dwight shares in a trade that took place on Friday, February 11. The stock was sold at an average price of $98.39, for a total transaction of $1,644,884.02. The transaction was disclosed in a legal filing with the SEC, which is available via this hyperlink. Insiders of the company own 1.70% of the shares of the company.
Several hedge funds have recently changed their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in Church & Dwight stock in Q4 for approximately $400,010,000. Norges Bank bought a new stake in shares of Church & Dwight in Q4 for a value of approximately $203,912,000. Fundsmith LLP increased its position in Church & Dwight shares by 19.5% in the third quarter. Fundsmith LLP now owns 11,022,496 shares of the company worth $910,127,000 after purchasing an additional 1,798,374 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Church & Dwight shares by 35.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,087,707 shares of the company worth $623,990,000 after purchasing an additional 1,596,506 shares last quarter. Finally, BlackRock Inc. increased its position in Church & Dwight shares by 2.8% in the 4th quarter. BlackRock Inc. now owns 19,102,645 shares of the company worth $1,958,022,000 after purchasing an additional 514,589 shares last quarter. Hedge funds and other institutional investors own 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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