Church & Dwight (NYSE:CHD) Lifted to “Neutral” at Citigroup

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Citigroup upgraded shares of Church & Dwight (NYSE:CHD) from a sell rating to a neutral rating in a research note published on Friday, November 1st, Briefing.com Automated Import reports. The brokerage currently has $71.00 target price on the stock.

CHD has been the topic of several other reports. Jefferies Financial Group set a $86.00 price target on shares of Church & Dwight and gave the stock a buy rating in a research note on Friday, September 13th. Stifel Nicolaus raised their price target on shares of Church & Dwight from $71.00 to $74.00 and gave the stock a hold rating in a research note on Thursday, August 1st. Oppenheimer reaffirmed a buy rating on shares of Church & Dwight in a research note on Tuesday, September 10th. Bank of America upgraded shares of Church & Dwight from a neutral rating to a buy rating and set a $83.00 price objective on the stock in a report on Friday, September 27th. Finally, ValuEngine lowered shares of Church & Dwight from a buy rating to a hold rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. Church & Dwight has an average rating of Hold and a consensus target price of $73.47.

NYSE CHD traded up $0.39 during trading hours on Friday, reaching $67.58. The company’s stock had a trading volume of 1,637,067 shares, compared to its average volume of 1,614,998. The stock has a market cap of $16.51 billion, a PE ratio of 29.77, a PEG ratio of 3.09 and a beta of 0.12. Church & Dwight has a fifty-two week low of $59.64 and a fifty-two week high of $80.99. The company’s 50-day moving average is $73.41 and its two-hundred day moving average is $74.97. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.46 and a current ratio of 0.80.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.05. Church & Dwight had a net margin of 14.33% and a return on equity of 24.91%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the company earned $0.58 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities analysts expect that Church & Dwight will post 2.48 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.2275 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.91 annualized dividend and a yield of 1.35%. Church & Dwight’s payout ratio is 40.09%.

In other Church & Dwight news, CEO Matthew Farrell purchased 7,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were purchased at an average price of $71.32 per share, for a total transaction of $499,240.00. Following the completion of the acquisition, the chief executive officer now owns 111,362 shares of the company’s stock, valued at approximately $7,942,337.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Penry W. Price purchased 704 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was acquired at an average price of $71.01 per share, for a total transaction of $49,991.04. Following the acquisition, the director now directly owns 20,053 shares of the company’s stock, valued at approximately $1,423,963.53. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 9,004 shares of company stock worth $641,458 and sold 90,418 shares worth $7,198,251. Company insiders own 2.00% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Shine Investment Advisory Services Inc. raised its stake in shares of Church & Dwight by 244.6% during the third quarter. Shine Investment Advisory Services Inc. now owns 348 shares of the company’s stock valued at $26,000 after purchasing an additional 247 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Church & Dwight during the second quarter valued at approximately $26,000. Advocacy Wealth Management Services LLC purchased a new stake in shares of Church & Dwight during the second quarter valued at approximately $29,000. Stonebridge Capital Advisors LLC purchased a new stake in shares of Church & Dwight during the second quarter valued at approximately $29,000. Finally, CWM LLC raised its stake in shares of Church & Dwight by 71.6% during the third quarter. CWM LLC now owns 405 shares of the company’s stock valued at $30,000 after purchasing an additional 169 shares during the period. Institutional investors own 80.93% of the company’s stock.

About Church & Dwight

Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. 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.

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Analyst Recommendations for Church & Dwight (NYSE:CHD)

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