Investment Analysts’ Recent Ratings Updates for Church & Dwight (CHD)

Church & Dwight (NYSE: CHD) recently received a number of ratings updates from brokerages and research firms:

  • 5/13/2019 – Church & Dwight was downgraded by analysts at Atlantic Securities from an “overweight” rating to a “neutral” rating.
  • 5/3/2019 – Church & Dwight had its price target raised by analysts at BMO Capital Markets to $75.00. They now have a “market perform” rating on the stock.
  • 5/2/2019 – Church & Dwight was downgraded by analysts at Citigroup Inc from a “neutral” rating to a “sell” rating. They now have a $73.80 price target on the stock.
  • 5/2/2019 – Church & Dwight had its “hold” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $70.00 price target on the stock. They wrote, “We believe guidance for both organic sales growth (unchanged at +3.5%) and gross margin continues to look conservative, but expect any upside to be reinvested with little flow- through to EPS. CHD delivered in Q1, but shares barely budged (CHD +1% vs. S&P flat), as a great quarter has clearly become what’s expected. CHD is trading at a 28x CY20E P/E multiple, a +53% premium to Staples (vs. 3 and 5-year historical averages of ~+29%) and we see few catalysts to drive valuation higher from here. Therefore we maintain our Market Perform rating.””
  • 4/15/2019 – Church & Dwight had its price target raised by analysts at Oppenheimer Holdings Inc. from $73.00 to $82.00. They now have an “outperform” rating on the stock.
  • 4/10/2019 – Church & Dwight had its price target raised by analysts at Jefferies Financial Group Inc from $74.00 to $83.00. They now have a “buy” rating on the stock.
  • 4/9/2019 – Church & Dwight was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $81.00 price target on the stock. According to Zacks, “Church & Dwight has outpaced the industry in the past six months. The company is gaining from strong organic sales trend, focus on international business and portfolio expansion. Such factors supported the company’s performance during the fourth quarter of 2018. Further, we note that the company’s international business is steadily gaining from strong brands. Management plans to continue strengthening the international platform and come up with products under some of its leading brands. However, Church & Dwight has a dismal gross margin trend. We note that high input costs and adverse impacts from U.S. tariffs weighed on gross margin during the fourth quarter. Consequently, gross margin fell 250 basis points. Apart from this, the company is exposed to currency fluctuations and competition from other players in the consumer products space.”
  • 4/9/2019 – Church & Dwight had its price target raised by analysts at SunTrust Banks, Inc. from $70.00 to $75.00. They now have a “buy” rating on the stock.
  • 3/29/2019 – Church & Dwight had its price target raised by analysts at Macquarie from $72.00 to $80.00. They now have an “outperform” rating on the stock.
  • 3/29/2019 – Church & Dwight was upgraded by analysts at Bank of America Corp from an “underperform” rating to a “neutral” rating. They now have a $75.00 price target on the stock.
  • 3/29/2019 – Church & Dwight had its price target raised by analysts at Wells Fargo & Co from $62.00 to $70.00. They now have a “market perform” rating on the stock.
  • 3/29/2019 – Church & Dwight had its price target raised by analysts at Deutsche Bank AG from $64.00 to $67.00. They now have a “hold” rating on the stock.
  • 3/28/2019 – Church & Dwight was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Church & Dwight has outpaced the industry in the past six months. The company is gaining from strong organic sales trend, focus on international business and portfolio expansion. Such factors supported the company’s performance during the fourth quarter of 2018. Further, we note that the company’s international business is steadily gaining from strong brands. Management plans to continue strengthening the international platform and come up with products under some of its leading brands. However, Church & Dwight has a dismal gross margin trend. We note that high input costs and adverse impacts from U.S. tariffs weighed on gross margin during the fourth quarter. Consequently, gross margin fell 250 basis points. Apart from this, the company is exposed to currency fluctuations and competition from other players in the consumer products space.”
  • 3/20/2019 – Church & Dwight was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Church & Dwight’s shares underperformed the industry in the past three months. This is attributable to a dismal gross margin trend. We note that high input costs and adverse impacts from U.S. tariffs weighed on gross margin during the fourth quarter of 2018. Consequently, gross margin fell 250 basis points in the said period. Apart from this, the company is exposed to currency fluctuations and competition from other players in the consumer products space. Nevertheless, Church & Dwight is gaining from strong organic sales trend, focus on international business and portfolio expansion. Such factors supported the company’s performance during the fourth quarter. Further, we note that the company’s international business is steadily gaining from strong brands. Management plans to continue strengthening the international platform and come up with products under some of its leading brands.”

Shares of NYSE CHD traded down $0.22 during midday trading on Friday, reaching $73.88. 765,193 shares of the company were exchanged, compared to its average volume of 1,701,609. The company has a quick ratio of 0.45, a current ratio of 0.81 and a debt-to-equity ratio of 0.60. Church & Dwight Co., Inc. has a 1 year low of $45.55 and a 1 year high of $74.99. The firm has a market cap of $18.12 billion, a P/E ratio of 32.55, a P/E/G ratio of 3.46 and a beta of 0.24.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.04. Church & Dwight had a return on equity of 24.62% and a net margin of 14.02%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company posted $0.63 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. As a group, analysts anticipate that Church & Dwight Co., Inc. will post 2.48 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be issued a dividend of $0.2275 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Tuesday, May 14th. Church & Dwight’s dividend payout ratio is currently 40.09%.

In related news, VP Britta Bomhard sold 27,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $73.43, for a total value of $1,982,610.00. Following the completion of the sale, the vice president now owns 32,219 shares in the company, valued at $2,365,841.17. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Steven P. Cugine sold 14,500 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $74.21, for a total transaction of $1,076,045.00. Following the completion of the sale, the executive vice president now owns 38,766 shares of the company’s stock, valued at approximately $2,876,824.86. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,672 shares of company stock worth $7,527,799. Corporate insiders own 2.00% of the company’s stock.

A number of large investors have recently made changes to their positions in CHD. Oregon Public Employees Retirement Fund lifted its position in Church & Dwight by 15,536.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,184,243 shares of the company’s stock valued at $64,000 after purchasing an additional 4,157,484 shares during the period. Morgan Stanley lifted its position in Church & Dwight by 425.0% in the third quarter. Morgan Stanley now owns 4,795,962 shares of the company’s stock valued at $284,736,000 after purchasing an additional 3,882,426 shares during the period. Norges Bank acquired a new stake in Church & Dwight in the fourth quarter valued at about $110,532,000. Janus Henderson Group PLC lifted its position in Church & Dwight by 95.5% in the first quarter. Janus Henderson Group PLC now owns 2,261,846 shares of the company’s stock valued at $161,112,000 after purchasing an additional 1,105,055 shares during the period. Finally, BlackRock Inc. lifted its position in Church & Dwight by 5.6% in the fourth quarter. BlackRock Inc. now owns 20,229,813 shares of the company’s stock valued at $1,330,311,000 after purchasing an additional 1,071,381 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

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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