Stifel Nicolaus Reaffirms “Hold” Rating for Church & Dwight Co. (CHD)

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Church & Dwight Co. (NYSE:CHD)‘s stock had its “hold” rating reaffirmed by equities researchers at Stifel Nicolaus in a research note issued on Friday. They currently have a $50.00 price target on the stock, up from their previous price target of $48.00. Stifel Nicolaus’ target price indicates a potential upside of 6.13% from the stock’s previous close.
CHD has been the topic of several other research reports. Goldman Sachs Group Inc. restated a “sell” rating and issued a $40.50 target price on shares of Church & Dwight Co. in a report on Friday, May 20th. Zacks Investment Research cut shares of Church & Dwight Co. from a “buy” rating to a “hold” rating in a report on Tuesday, June 7th. Jefferies Group reiterated a “buy” rating and issued a $58.00 price target on shares of Church & Dwight Co. in a report on Monday, August 15th. Barclays PLC cut their price target on shares of Church & Dwight Co. to $47.00 and set an “underweight” rating on the stock in a report on Tuesday, September 6th. Finally, Deutsche Bank AG lifted their price target on shares of Church & Dwight Co. from $51.00 to $52.00 and gave the company a “buy” rating in a report on Friday, August 5th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.65.
Shares of Church & Dwight Co. (NYSE:CHD) opened at 47.11 on Friday. The stock has a 50 day moving average of $49.40 and a 200 day moving average of $48.37. The stock has a market cap of $12.14 billion, a P/E ratio of 27.45 and a beta of 0.32. Church & Dwight Co. has a one year low of $38.42 and a one year high of $53.68.

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Church & Dwight Co. (NYSE:CHD) last issued its earnings results on Thursday, August 4th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.05. Church & Dwight Co. had a net margin of 13.12% and a return on equity of 22.69%. The firm had revenue of $877.40 million for the quarter, compared to analysts’ expectations of $869.23 million. During the same quarter last year, the business earned $0.73 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. On average, analysts forecast that Church & Dwight Co. will post $1.77 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were given a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend was Thursday, August 11th. Church & Dwight Co.’s dividend payout ratio is presently 41.40%.
In other news, Director James Craigie sold 9,350 shares of Church & Dwight Co. stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $100.00, for a total value of $935,000.00. Following the completion of the transaction, the director now owns 19,796 shares of the company’s stock, valued at approximately $1,979,600. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Paul A. Siracusa sold 3,293 shares of Church & Dwight Co. stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $50.03, for a total value of $164,748.79. Following the completion of the transaction, the vice president now directly owns 4,448 shares of the company’s stock, valued at approximately $222,533.44. The disclosure for this sale can be found here. 2.17% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. J.Safra Asset Management Corp bought a new position in Church & Dwight Co. during the second quarter valued at about $100,000. Checchi Capital Advisers LLC raised its position in Church & Dwight Co. by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,108 shares of the company’s stock valued at $114,000 after buying an additional 10 shares in the last quarter. Assetmark Inc. raised its position in Church & Dwight Co. by 2,750.0% in the second quarter. Assetmark Inc. now owns 1,140 shares of the company’s stock valued at $117,000 after buying an additional 1,100 shares in the last quarter. Van ECK Associates Corp raised its position in Church & Dwight Co. by 28.0% in the second quarter. Van ECK Associates Corp now owns 1,157 shares of the company’s stock valued at $119,000 after buying an additional 253 shares in the last quarter. Finally, Bellwether Investment Group LLC bought a new position in Church & Dwight Co. during the second quarter valued at about $123,000. 40.08% of the stock is owned by hedge funds and other institutional investors.
Church & Dwight Co. Company Profile
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company operates in three segments: Consumer Domestic, which includes consumer products, as well as other household and personal care products; Consumer International, which markets a range of personal care products, household and over-the-counter products in international markets, and Specialty Products Division (SPD), a producer of sodium bicarbonate.

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