Church & Dwight Co., Inc. (NYSE:CHD) Given Average Recommendation of “Hold” by Brokerages

Posted by Defense World Staff on Jun 6th, 2023

Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) has been assigned an average recommendation of “Hold” from the twenty-three research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $90.86.

A number of analysts have recently weighed in on CHD shares. TheStreet upgraded shares of Church & Dwight from a “c” rating to a “b” rating in a research note on Thursday, April 27th. 888 reaffirmed a “maintains” rating on shares of Church & Dwight in a research report on Friday, April 28th. Argus cut Church & Dwight from a “buy” rating to a “hold” rating in a research report on Monday, February 13th. UBS Group increased their target price on Church & Dwight from $88.00 to $93.00 and gave the company a “neutral” rating in a research note on Thursday, April 6th. Finally, Atlantic Securities raised Church & Dwight from an “underweight” rating to a “neutral” rating and set a $80.00 price target on the stock in a research report on Monday, February 6th.

Church & Dwight Stock Performance

CHD opened at $94.65 on Tuesday. The business has a 50 day moving average price of $92.82 and a two-hundred day moving average price of $85.98. The company has a market capitalization of $23.12 billion, a price-to-earnings ratio of 56.68, a price-to-earnings-growth ratio of 3.83 and a beta of 0.47. Church & Dwight has a 1-year low of $70.16 and a 1-year high of $98.32. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.18 and a quick ratio of 0.60.

Church & Dwight (NYSE:CHD – Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.09. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Church & Dwight had a return on equity of 20.49% and a net margin of 7.49%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 earnings per share. Research analysts predict that Church & Dwight will post 3.1 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Monday, May 15th were paid a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Friday, May 12th. Church & Dwight’s dividend payout ratio is 65.27%.

Insider Activity

In related news, EVP Paul Richard Wood sold 48,262 shares of the stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $83.37, for a total value of $4,023,602.94. Following the completion of the transaction, the executive vice president now owns 120 shares of the company’s stock, valued at $10,004.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Paul Richard Wood sold 48,262 shares of the business’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $83.37, for a total value of $4,023,602.94. Following the sale, the executive vice president now owns 120 shares of the company’s stock, valued at approximately $10,004.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Barry A. Bruno sold 6,440 shares of the company’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $96.27, for a total value of $619,978.80. Following the completion of the sale, the executive vice president now owns 4,302 shares in the company, valued at $414,153.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 371,649 shares of company stock worth $35,129,913. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Church & Dwight

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in shares of Church & Dwight by 3.2% in the fourth quarter. Arizona State Retirement System now owns 68,757 shares of the company’s stock valued at $5,543,000 after buying an additional 2,100 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Church & Dwight in the third quarter worth about $243,000. ExodusPoint Capital Management LP raised its stake in shares of Church & Dwight by 4,312.9% in the third quarter. ExodusPoint Capital Management LP now owns 149,994 shares of the company’s stock worth $10,716,000 after acquiring an additional 146,595 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Church & Dwight by 35.1% during the fourth quarter. National Bank of Canada FI now owns 20,643 shares of the company’s stock worth $1,664,000 after purchasing an additional 5,358 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of Church & Dwight by 0.5% during the fourth quarter. HighTower Advisors LLC now owns 254,698 shares of the company’s stock valued at $20,521,000 after purchasing an additional 1,201 shares during the last quarter. 80.86% of the stock is currently owned by institutional investors and hedge funds.

Church & Dwight Company Profile

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Church & Dwight Co, Inc engages 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, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.